In the event that GCC of America or any of its subsidiary or affiliated companies (herinafter, "GCC" or "Seller") offers extension of credit to the above named applicant (hereinafter, "Buyer") the following terms and conditions will apply:
*Except as otherwise provided by written agreement subsequently executed by both Buyer and Seller, these Terms and Conditions, and the terms in Seller's invoices shall supersede the terms and conditions of Buyer's order (including, without limitation, any statement that Buyer's terms or conditions are to take precedence over any contrary provisions), and no prior or subsequent understanding, oral representation, agreement, term, condition, or trade custom at variance with or supplemental to these Terms and Conditions shall be binding on the Seller.
*Any extension of credit is issued pursuant to the information and financial representations made herein by said credit applicant and/or said guarantors.
*A faxed application will be deemed as the original.
*ALL accounts are due IN FULL by the 30th of the month following the month of purchase. Any such amounts not paid when due shall become deliquent and shall bear interest at the rate of one point two-five percent (1%) per month, or an annual percentage rate of 12%
*GCC may decline further credit purchases if any portion of the account is past due.
*Any returned checks may be assessed a $30 processing fee (or the maximum allowed by law in the state of acceptance).
*The privilege of making credit purchases will be terminated if there is any change in the applicant's ownership, management, or form of business organization unless GCC is notified and agrees to such change.
*Any amounts paid under the agreement by the above named applicant to GCC may be applied by GCC to outstanding principal and interest as GCC deems appropriate.
*Customer is responsible for all collection costs, legal fees and attorney's fees if payment is not received pursuant to these Terms and Conditions.
*Accounts will be goverened by Iowa Law and proper venue will be Sioux County, Sioux Center, Iowa
THE UNDERSIGNED CERTIFIES THAT THE INFORMATION CONTAINED IN THIS APPLICATION IS TRUE AND CORRECT AND AUTHORIZES GCC AND ANY CREDIT BUREAU OR INVESTIGATIVE AGENCY TO INVESTIGATE THE INFORMATION CONTAINED WITHIN THIS APPLICATION AND OBTAIN INFORMATION ABOUT THE UNDERSIGNED'S ACCOUNTS AND CREDIT EXPERIENCE. THE UNDERSIGNED AUTHORIZES ALL PARTIES CONTACTED TO RELEASE CREDIT AND FINANCIAL INFORMATION REQUESTED AS A PART OF SAID INVESTIGATION. GCC MAY ALSO DISCLOSE INFORMATION ABOUT THE UNDERSIGNED TO OTHER LENDERS AND CREDIT BUREAUS. THE APPLICANT FURTHER AUTHORIZES GCC TO REINVESTIGATE THEIR CREDIT STATUS FROM TIME TO TIME AS GCC DEEMS NECESSARY. GCC, UPON SUCH REINVESTIGATION, MAY LIMIT OR TERMINATE THE CREDIT ARRANGEMENT WITH THE ABOVE NAMED APPLICANT UPON WRITTEN NOTICE TO APPLICANT.
Your signature certifies the information entered on this entire document as true and correct and that the applicant has read and understood all of theTerms and Conditions above.
By: (Printed Name)_____________________________________________ Title:_____________________________________________
Authorized Signature:____________________________________________ Date:__________________________