*(Please Sign Below in order for this agreement to be processed)
The company making this application (here after known as Buyer) in order to induce IT DEVICES, to sell to Buyer, agrees to the following terms. IT DEVICES retains and buyer grants a purchase money security interest in all products and the proceeds thereof sold by IT DEVICES to Buyer, until satisfied in full, all of its obligations to IT DEVICES. Buyer shall execute such financing statements as reasonably requested by IT DEVICES. Buyer hereby represents and warrants that it is solvent, and Buyer furthermore warrants that it will pay its obligations to IT DEVICES (according to IT DEVICES invoice due date and amount shown), as they come due and that Buyer's liabilities do not exceed its assets. Buyer agrees to pay interest on all amounts that are past due. Interest charged by IT DEVICES, will be 1.5% per month or the highest rate allowed by law. This representation, warranty, and these terms, shall be in effect with each purchase obligation, whether by written or Verbal Purchase Order, or by procurement of product from IT DEVICES by agreement, until the Buyer and IT DEVIES agree in writing to change this. All costs of collection, including reasonable attorney's fees and court costs, shall be paid by Buyer regardless whether suit is filed or not. The undersigned authorized officer of Buyer certifies that all the information contained in the application and its attachments are true and correct to the best of their information, knowledge, and belief. Buyer hereby agrees to adhere to policies and procedures as well as all terms and conditions established by IT DEVICES and published by IT DEVICES. The signature below acts as authority to release credit information by phone or by letter to the companies approached for credit information to IT DEVICES.
I hereby acknowledge as having been received, do hereby personally guarantee and promise to pay any obligation to IT DEVICES on demand This guarantee shall be a continuing and irrevocable guarantee and indemnity to IT DEVICES. I do hereby waive notice of default, non-payment and notice thereof and to jury trial and consent to all renewals and modifications of credit. Interest charged by IT DEVICES will be 1.5% per month or the highest rate allowed by law. All costs of collection, including reasonable attorney's fees and court costs, shall be paid by Buyer regardless whether suite is filed or not.
|