The Account does hereby permit, agree and consent to the following Terms and Conditions:
1. To the payment of all Russell Hendrix Invoices and Statements within 30 days of the date of Invoice and agrees to pay Finance Charges of 2% per month (26.8% per annum) on any invoiced amounts that are not paid within 30 days of Invoice date.
2. To the payment of any costs incurred by Russell Hendrix in the collection of any amounts owed by the Account.
3. To all terms and conditions as indicated on Russell Hendrix Invoices and Statements.
4. To Russell Hendrix registering a PPSA (Personal Property Security Act) registration on products sold to the Account which may allow Russell Hendrix the right to retain ownership of such product should the Account not make payment within terms specified on the Invoice, Contract or other such Agreement.
5. That all products sold by Russell Hendrix to the Account are sold on the condition that full payment is to be received by Russell Hendrix within the terms indicated on the Invoice (or within 30 days of Invoice date when not indicated on Invoice) and that such products will remain the property of Russell Hendrix until such time as full payment is received.
6. That no orders may be returned to Russell Hendrix without expressed written consent and may be subject to a re-stocking charge.
7. That payments on Account will first be applied to any Financing Charges owing and then to invoices outstanding.
8. That these terms and conditions shall become part of any Agreement or Contract between the Account and Russell Hendrix and will be binding upon their respective successors and assigns.
9. A fee of $75.00 will be charged to any cheques returned by the debtor’s bank. Russell Hendrix is a member of profile credit and all NSF cheques will be reported.