The Customer identified above (“Customer”) hereby applies for open account credit from the company identified in the preamble to this application for Credit Accommodation, (the “Seller”). The customer understands and agrees that Seller is entitled to rely upon this Application of Credit Accommodation and any financial statements or other financial information provided from time to time by or on behalf of the Customer to determine whether to extend or to continue open account credit accommodations to the Customer, (ii) the Seller may at any time and from time to time to modify the limits of open account credit accommodations available to the Customer and the terms and conditions upon which open account credit accommodations will be extended to the customer, (iii) each invoice is due and payable in accordance with all the terms and conditions of this Application for Credit Accommodation and such invoice (including but not limited to payment terms contained therein) notwithstanding any contrary provision in any purchase order, confirmation or other form of instrument prepared by the Customer, it’s employees or agents, (iv) In addition to any other remedy to which the Seller may be entitled, the Seller shall be entitled to charge interest at the highest rate permitted by law on any invoice not paid in accordance with invoice terms, (v) the Customer shall be obligated to pay all costs and expenses incurred by any of the Seller in collecting any past due invoices, including but not limited to costs and expense of legal counsels, (vi) the Seller is hereby authorized at any time and from time to time to generate or to obtain one or more credit or investigative reports from credit reporting agencies or others regarding the Customer, its principals and officers and any guarantor of the Customer’s obligations.
