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Accounts are required to maintain an average of $1,000.00 per month in purchases, and payments are due on receipt of invoice
IT IS UNDERSTOOD THAT PAYMENT IS DUE IN ACCORDANCE WITH TERMS OF THE INVOICE. ACCOUNTS ARE REQUIRED TO MAINTAIN AN AVERAGE OF $1,000.00 PER MONTH IN PURCHASES. LATE PAYMENTS WILL BE SUBJECT TO A SERVICE CHARGE OF 1½ % PER MONTH (ANNUAL PERCENTAGE RATE OF 18%). SHOULD REFERRAL TO A THIRD PARTY FOR COLLECTION BE NECESSARY, APPLICANT AGREES TO PAY ALL COST OF COLLECTING. ALL ACCOUNTS ARE DUE NET ON RECEIPT OF INVOICE. THE APPLICANT ALSO AUTHORIZES THE ABOVE BANK / TRADE REFERENCES TO RELEASE ALL INFORMATION REQUESTED BY A. & A. FEDER’S, INC.
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