Common use of PAYMENT AND INTEREST CHARGES Clause in Contracts

PAYMENT AND INTEREST CHARGES. For value received, Applicant promises to pay to the order of Company the amount of invoiced credit as may be extended by Company from time to time as evidenced on the books and records of Company, plus any finance charge xxxxxxx established herein, plus all other fees imposed by Company from time to time, plus all costs of enforcement and collection (including reasonable attorneys' fees) in the event of Applicant’s default under this Agreement, and other remedial obligations imposed on Applicant hereunder. Payment must be received by Company by the 25th day of the month following the original invoice date or if no invoice is issued, within thirty (30) days following the date of delivery of products or services. Payments shall be directed to the address for notice set forth herein or the payment address provided in Company’s invoice. Applicant authorizes Company to process any checks submitted as an automated clearing house transaction. Applicant acknowledges and agrees to be bound by the terms of any purchase program, offering, invoice, statement, policy or procedures of Company, whether related to credit requirements or otherwise. The unpaid principal balance owing to Company after any applicable due date shall bear interest at the lesser of the rate of twenty-four percent (24%) per annum or the maximum legal rate. Payments shall be applied by Company first to unpaid interest charges, then to accrued and unpaid expenses, and then to the unpaid principal balance. Applicant, Co-Applicant and any Guarantor(s) are jointly and severally liable for any and all indebtedness under this Agreement. Default. Occurrence of any of the following shall at Company’s option, and without notice or demand on Applicant, constitute a default by Applicant: (a) the failure to make any payment hereunder on or before any due date; (b) delivery of false information or breach of any representation, covenant or obligation under this Agreement, or any other agreement between the parties or between Applicant and any affiliate of Company; (c) if Applicant merges with any entity, sells its business, is dissolved, ceases to exist, declares insolvency, is the subject of any proceeding under any bankruptcy, or insolvency laws; and (d) any reasonable insecurity of Company, as subjectively measured by Company, as to the ability of any Applicant to pay any amount due Company.

PAYMENT AND INTEREST CHARGES. For value received, Applicant promises to pay to the order of Company the amount of invoiced credit as may be extended by Company from time to time as evidenced on the books and records of Company, plus any finance charge xxxxxxx established herein, plus all other fees imposed by Company from time to time, plus all costs of enforcement and collection (including reasonable attorneys' fees) in the event of Applicant’s default under this Agreement, and other remedial obligations imposed on Applicant hereunder. Payment must be received by Company by the 25th day of the month following the original invoice date or if no invoice is issued, within thirty (30) days following the date of delivery of products or services. Payments shall be directed to the address for notice set forth herein or the payment address provided in Company’s invoice. Applicant authorizes Company to process any checks submitted as an automated clearing house transaction. Applicant acknowledges and agrees to be bound by the terms of any purchase program, offering, invoice, statement, policy policy, or procedures of Company, whether related to credit requirements or otherwise. The unpaid principal balance owing to Company after any applicable due date shall bear interest at the lesser of the rate of twenty-four percent (24%) per annum or the maximum legal rate. Payments shall be applied by Company first to unpaid interest charges, then to accrued and unpaid expenses, and then to the unpaid principal balance. Applicant, Co-Applicant Applicant, and any Guarantor(s) are jointly and severally liable for any and all indebtedness under this Agreement. Default. Occurrence of any of the following shall at Company’s option, and without notice or demand on Applicant, constitute a default by Applicant: (a) the failure to make any payment hereunder on or before any due date; (b) delivery of false information or breach of any representation, covenant or obligation under this Agreement, or any other agreement between the parties or between Applicant and any affiliate of Company; (c) if Applicant merges with any entity, sells its business, is dissolved, ceases to exist, declares insolvency, is the subject of any proceeding under any bankruptcy, or insolvency laws; and (d) any reasonable insecurity of Company, as subjectively measured by Company, as to the ability of any Applicant to pay any amount due Company.

PAYMENT AND INTEREST CHARGES. For value received, Applicant promises to pay to the order of Company the amount of invoiced credit as may be extended by Company from time to time as evidenced on the books and records of Company, plus any finance charge xxxxxxx established herein, plus all other fees imposed by Company from time to time, plus all costs of enforcement and collection (including reasonable attorneys' fees) in the event of Applicant’s default under this Agreement, and other remedial obligations imposed on Applicant hereunder. Payment must be received by Company by the 25th day of the month following the original invoice date or if no invoice is issued, within thirty (30) days following the date of delivery of products or services. Payments shall be directed to the address for notice set forth herein or the payment address provided in Company’s invoice. Applicant authorizes Company to process any checks submitted as an automated clearing house transaction. Applicant acknowledges and agrees to be bound by the terms of any purchase program, offering, invoice, statement, policy or procedures of Company, whether related to credit requirements or otherwise. The unpaid principal balance owing to Company after any applicable due date shall bear interest at the lesser of the rate of twenty-four percent (24%) per annum or the maximum legal rate. Payments shall be applied by Company first to unpaid interest charges, then to accrued and unpaid expenses, and then to the unpaid principal balance. Applicant, Co-Applicant and any Guarantor(s) are jointly and severally liable for any and all indebtedness under this Agreement. Default. Occurrence of any of the following shall at Company’s option, and without notice or demand on Applicant, constitute a default by Applicantdefault: (a) the failure to make any payment hereunder on or before any due date; : (b) delivery of false information or breach of any representation, covenant or obligation under this Agreement, or any other agreement between the parties or between Applicant and any affiliate of Company; Agreement (c) if Applicant merges with any entity, sells its business, is dissolved, ceases to exist, declares insolvency, is the subject of any proceeding under any bankruptcy, statement or insolvency laws; and (d) any reasonable insecurity of Company, as subjectively measured report furnished by Company, as to the ability of any Applicant to pay Company is false in any amount due Companymaterial respect.

PAYMENT AND INTEREST CHARGES. For value received, Applicant promises to pay to the order of Company Star Energy FS the amount of invoiced credit as may be extended by Company Star Energy FS from time to time as evidenced on the books and records of CompanyStar Energy FS, plus any finance charge xxxxxxx thereon established herein, plus all other fees imposed by Company Star Energy FS from time to time, plus all costs of enforcement and collection (including reasonable attorneys' fees) in the event of Applicant’s default under this Agreement, and other remedial obligations imposed on Applicant hereunder. Payment must be received by Company Star Energy FS by the 25th 20th day of the month following the original invoice date or if no invoice is issued, within thirty (30) days following the date of delivery of products or services. Payments shall be directed to the address for notice set forth herein or the payment address provided in CompanyStar Energy FS’s invoice. Applicant authorizes Company Star Energy FS to process any checks submitted as an automated clearing house transaction. Applicant acknowledges and agrees to be bound by the terms of any purchase program, offering, invoice, statement, policy or procedures of CompanyStar Energy FS, whether related to credit requirements or otherwise. The unpaid principal balance owing to Company Star Energy FS after any applicable due date shall bear interest at the lesser of the rate of twenty-four percent (24%) per annum or the maximum legal rate. Payments shall be applied by Company Star Energy FS first to unpaid interest charges, then to accrued and unpaid expenses, and then to the unpaid principal balance. Applicant, Applicant and Co-Applicant and any Guarantor(s) are jointly and severally liable for any and all indebtedness under this Agreement. Default. Occurrence of any of the following shall at Company’s option, and without notice or demand on Applicant, constitute a default by Applicantdefault: (a) the failure to make any payment hereunder on or before any due date; : (b) delivery of false information or breach of any representation, covenant or obligation under this Agreement, or any other agreement between the parties or between Applicant and any affiliate of Company; Agreement (c) if Applicant merges with any entity, sells its business, is dissolved, ceases to exist, declares insolvency, is the subject of any proceeding under any bankruptcy, statement or insolvency laws; and (d) any reasonable insecurity of Company, as subjectively measured report furnished by Company, as to the ability of any Applicant to pay Star Energy FS is false in any amount due Companymaterial respect.