The undersigned, individually and collectively, warrant that all information provided in the Credit Application is true and correct. The undersigned acknowledge and understand that Greene's Inc, ("Greene") will rely on the information and credit may be extended based on the information provided hereon.
All amounts due for purchases made by or on behalf of the undersigned agree to pay a finance charge of one and one-half percent (1.5%) per month, compounded monthly, from the invoice date. In the event the undersigned fail to pay the amount of any invoice within thirty (30) days after the invoice date, the undersigned agree to pay all of Greene's costs of collection, court costs. and reasonable attorney's fees incurred to collect such invoice amount, whether incurred with or without suit and before or after judgment. The undersigned, including guarantors, waive any objection to the exercise of personal jurisdiction over them by courts of the State of Utah or any federal court and agree that legal action brought to enforce the terms of the contract may be braught in Davis County. Utah.
This Contract and Security Agreement covers all goods and services which the undersigned purchases from or enters into contract for with Greene. The Undersigned expressly grant Greene a security interest in all accounts receivable, inventory and equipment, both current and after-acquired, to secure amounts which are currently owed or may arise under this Contract and Security Agreement. The undersigned authorize Greene to execute and file all documents necessary to perfect and continue the security interest granted herein.
This Contract and Security Agreement constitutes the entire agreement between parties. No waivers or modifications hereof shall be valid unless made in writing and executed by the undersigned and Greene. This Contract and Security Agreement shall apply and inure to the benefit of.. and be binding upon the heirs, executors, administrators, successors,
and assignees of the respective parties.
The undersigned hereby authorize persons and trade references named in the Credit Application to release credit information concerning the undersigned.
The undersigned hereby acknowledge that the undersigned have received a copy of the foregoing at the time of execution have read it and understand the same.