THIS ORDER WITH STACK ELECTRONICS IS SUBJECT TO THE FOLLOWING TERMS AND CONDITIONS TO THE FACE HEROF.
(a) Unless otherwise specified by Seller in writing (refer to payment terms on the face of this agreement), payment in full of net amount owing, without offset or deduction is due 30 days from the date of invoice. If payment is not received within such 30 day period, a late payment charge of 1-1/2% per month of the unpaid balance shall be paid by the Buyer.
(b) All checks are accepted to subject to collection, and Buyer agrees to pay all costs of collection, including reasonable attorney’s fees and costs. Any check received from Buyer may be applied by Seller against any obligation of Buyer to Seller under this or any other agreement, notwithstanding any statement appearing on or referring to such check. Acceptance of any partial payment shall not constitute a waiver of Seller’s right to payment in full of all amounts owing form Buyer to Seller.
(c) Buyer herby grants Seller a security interest in the goods shipped under this agreement, including all accessories to and replacements of such goods, and the proceeds thereof, to secure the payment of the purchase price of such goods and all other amount owing under this agreement, all as described and set forth on each invoice for such goods shipped pursuant to this agreement. Buyer agrees that its signature on the Application for Credit and thereby, its acceptance of Seller’s Standard Terms and Conditions of Sale, can and may be used by Seller for facilitation of filing a financing statement in any location deemed necessary or advisable to perfect Seller’s security interest in the goods and their proceeds, without the necessity to obtain an additional signature on the actual financing statement nonetheless, Buyer agrees to cooperate fully with Seller in executing any additional documents, instruments, financing statements.