The undersigned certifies this Commercial Credit Application to be true and correct and is submitted for the purposes of obtaining credit from Cole Industrial & Technical Supply Co., Inc.(CITS), with the understanding that if credit is extended, all purchases, sales, and settlements shall be subject to the approval of CITS. Applicant authorizes CITS to contact references furnished in this application, or any other person or interest, to make relevant investigation regarding Applicant’s credit and/or financial responsibility. All information provided will be held in the strictest confidence.
In consideration of CITS (and all names under which CITS does business, and all its affiliates, parents, subsidiaries and related companies), (hereinafter “Supplier”), extending credit to the Applicant, Applicant agrees to pay for all items delivered to or at the request of the Applicant, net thirty (30) days from the date of invoice for the items so delivered, unless different payment terms have been agreed to in writing by CITS. All accounts are due and payable at the remittance address shown upon the Supplier invoice.
Applicant further agrees that no additional term on a purchase order, either written of verbal, issued by Applicant shall become a part of any agreement, including this Agreement, except to the extent that the purchase order identifies the particular items ordered. Applicant agrees that this Agreement shall govern each sale of an item from Supplier to Applicant. In the event of conflict between the terms and conditions of this Agreement and those stated in the Applicant’s purchase order, the terms and conditions of this Agreement shall govern.
In the event Applicant does not pay the invoices when due, Applicant acknowledges and agrees to pay a service charge at the rate of one and a half percent (1.5%) per month (eighteen percent per annum), but in no event shall service charges exceed the highest amount lawfully allowed under applicable State usury laws. A service charge shall accrue and be assessed on the last day of the month after the original invoice date, and an additional service charge, computed upon the same basis, shall be assessed on the last day of each month thereafter, until such time that the invoice has been paid in full. Supplier’s waiver of any one or more service charge shall not be deemed a waiver of future service charges.
In the case of any default in relation to any transactions between Supplier and Applicant, Applicant agrees and shall pay Suppler its reasonable attorneys’ fees and costs incurred therewith, regardless of whether an action is filed, including without limitation costs related to collection, arbitration, trial, and for any special review or reconsideration thereof, and any such fees or costs incurred after any award or judgment has been entered.
Jurisdiction and venue for any legal action arising from or related to this Agreement shall be Hillsborough County, Florida. Florida law shall control and govern any such dispute without resort to conflict of law principles. Applicant authorizes Supplier to obtain credit and financial information concerning Applicant at any time and from any source for the purpose of evaluating Applicant’s creditworthiness in connection with this Agreement.