Net 30 terms. Invoices are due 30 days from the invoice date. Accounts more than 30 days past due may be placed on credit hold, and open orders will not ship until the balance is brought current. A service charge of 1.5% per month (18% annually), or the maximum allowed by law, may be applied to past-due balances.
Credit decision. Approval, the credit limit, and any later change to either are at V-Belt Guys' sole discretion. By submitting this application the applicant authorizes V-Belt Guys / Midstate Industrial Supply to contact the trade references listed above and to obtain business credit information for the purpose of evaluating and reviewing this account.
Collection costs. If the account is placed for collection, the applicant agrees to pay reasonable collection costs and attorney's fees actually incurred.
Accuracy. The person signing below certifies that the information given is true and complete, and that they are authorized to submit this application on behalf of the company named above.
Electronic signature. Typing a name below and submitting this form constitutes an electronic signature with the same force and effect as a handwritten signature.
