1. This Agreement shall cover all items of merchanise purcahsed by Buyer from Seller regardless of the date of purchase
2. This Agreement shall remain in full force and effect until revoked in writing. Any such revocation shall only be effective when sent by certified mail, return recipt request shall be effective propectively only and this agreement shall remain in full force and effect with respect to all items sold by Seller to Buyer up to and including date of recipt by Seller of written revocationof this Agreement
3. As to each item purchased by Buyer from Seller, the purchase price shall be due and payablenot later than the 20th day of the month following the date of purchase by buyer, unless otherwise stated
4. As to each item purchased by Buyer, which is not paid when due, there shall be added a montly service charge, not to extend the maximum rate of interest permitted by law and in no event greater than 2% per month on the unpaid balance of Buyer's obligation to Seller. In addition, in the event that said monthly services charge not paid by the 25th day of the following month, the monthly service charge shall be added on the unpaid balance an shall thereafter accrue a like service charge
5. In the event that Buyer shall fail to pay any of its obligation to Seller when due. Sellery may, at its options, terminate and obligation it may have to extend further accommodations to Buyer and may further accelerate and demand immediate payment in full of the balance of all Buyer's obligations to Seller
6. Buyer hereby waives to the full extent permitted by law and applicable statue of limitations and further agrees to pay to Seller all costs of collection incurred by Seller in collecting and indebtedness of Buyer to Seller. Without limiting the generality of the foregoing, there shall be included in costs of collection reasonable attorney's fees incudrred by Seller on collecting on any obligation owing to it by Buyer.