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Applicant authorizes the release to Advanced
Computer Services, Inc. ("Vendor"), of Applicant's
general credit and financial information and authorizes
Vendor to investigate and obtain credit reports with
and from credit reporting agencies, banks, bonding companies,
credit references, owner, officers, shareholders, parties
to this Application, and others.
Applicant acknowledges and agrees that: (1) all outstanding
credit amounts are payable within 20 days of the date
of invoice and otherwise in accordance Vendor's terms
of sale; (2) delinquent payments will be subject a service
charge of 1.5% per month (18% per annum), but in no
event greater than the maximum rate allowed by law;
(3) costs or expenses incurred by Vendor in the enforcement
of Applicant's obligations or the collection of amounts
are recoverable by vendor as an additional credit advances
herein (including but not limited to Vendor's reasonable
attorney's fees and costs); (4) Vendor reserves the
right to modify or discontinue without notice at any
time and from time-to-time, any of the terms of credit
herein with respect to future purchases. Applicant further
acknowledges that each purchase by Applicant will constitute
a commercial transaction; that all statements and representations
herein are true and correct; that Applicant has read
and understands the above terms, conditions, and covenants;
and that Applicant's obligations are governed by the
laws of the State of Ohio, and that the proper venue
for any dispute will be in the Superior Court of Summit
County.
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