*I/We, Applicant principal account debtor and the undersigned guarantor(s) authorize Seller to obtain Business and Consumer credit Reports on Applicant(s) listed above
I understand that if my account is inactive for two years, it will be suspended until a new application is submitted. I / We agree to make payment according to approved terms and understand that there will be a 90 day probationary period to ensure payments are met in accordance with said terms (if requested). If terms are not requested the account will fall under Pre-Pay, which can include ACH/Wire, Credit Card and Cashier's Check.
If any time I / We fail to make payments as agreed upon , it is understood that the account may become Pre-Pay based upon payment history. I / We understand that any past due invoices may suspend credit sales and a 1 1/2 per month service charge shall be added, pre and post judgement, to the amount past due. I / We further agree to pay all costs and expenses incurred in endeavoring to collect said obligation from Debtor and / or the undersigned guarantor(s) including, but not limited to, lien fees in the amount of $200.00 per lien filed as a result of my untimely or non-payment of obligations arising hereunder, and attorney’s fees or 15% of the total amount of the principal, interest and charges due from Debtor should the same be collected by or through an attorney at law, whether collected by suit or otherwise. Should I / We fail to lawfully answer any such lawsuit or action, the same shall constitute a further waiver and relinquishment of any right in the undersigned guarantor(s) to any hearing or other proceedings relative to proof of the amount of the obligation. Any action seeking to collect on the account contemplated in this Agreement, enforce any provision of or based on any matter arising out of, or in connection with, this Agreement or the transactions contemplated hereby, may be brought in any state court located in the County of Dekalb, State of Georgia, or in the United States District Court, northern District of Georgia, and each party hereto consents to the jurisdiction and venue of such court and the appropriate appellate courts therefrom in any such action and irrevocably waives, to the fullest extent permitted by law, any objection that it may now or hereafter have to the personal jurisdiction and venue of such court and to any claim of inconvenient forum, UMI, LLC. is hereby authorized to deliver goods without signature and to perform services at my request, and to change same to my account. I / We understand and agree that any and all returned goods must have prior written consent from UMI, LLC., be unused and in the original condition and be subject to a restocking charge of the invoiced amount to be paid to UMI, LLC. at the time said goods are returned which must be within 30 days of delivery. I / We agree that any and all objections to any statement, invoice, materials or services provided by UMI, LLC. to me by personal delivery or regular mail, which shall be deemed delivered 3 days from the date of mailing or post mark, shall be made in writing within three days of receipt of the statement, invoice, materials or services, and shall be made via Certified Mail Returned Receipt Requested or commercial courier or all such objections are waived. I / We agree that the laws of the State of Georgia shall govern this Application. This agreement shall continue until written notice to the contrary is given and accepted and said acceptance evidenced by letter from UMI, LLC. may change credit limits or terms at any time, at its sole discretion.
