COMMERCIAL ACCOUNT CREDIT AGREEMENT
YOU AGREE WITH SUNSHINE
TAXI COMPANY, P.O. BOX 5220 STATELINE, NV 89449 TO BE BOUND BY ALL THE TERMS
OF THIS AGREEMENT IN THE USE OF ANY CHARGES AS A RESULT OF THIS
APPLICATION.
1. Commercial Account:
This account is for commercial use only will not be used for personal,
family or household purposes.
2. Payment Terms: The
New Balance/Total Amount Owing shown on your monthly statement is due and
payable upon receipt of your monthly billing statement. The New
Balance/Total Amount Owing includes current charges, amounts past due, late
payment finance charges, and charges for returned checks.
3. Default, Collection,
Returned Checks: Failure to pay the New Balance/Total Amount Owing
constitutes default and entitles us, subject to state law, to demand
immediate payment of the full amount outstanding, to stop extending credit
and/or to start collection proceedings. You agree to pay our collection
costs, including court costs and reasonable attorneys' fees as allowed by
law. We reserve the right, where permitted by law, to charge a twenty-five dollar
($25) fee for returned checks.
4. Past-due Balances:
You agree to pay a late payment finance charge on past-due balances at the
rate of 18% per annum or at the maximum rate permitted under the law of your
state of residence, whichever is less. The New Balance/Total Amount Owing
shown on your monthly statement is due and payable upon receipt of your
monthly billing statement. A late payment finance charge will be assessed if
we do not receive the New Balance/Total Amount Owing within the grace
period. The Due Date is 25 days after the billing date (or 30 days if
required by your state of residence). The late payment finance charge is
computed by applying the periodic rate for your state to the Balance Subject
to Finance Charge/Average Daily Balance of your account. We calculate the
Balance Subject to Finance Charge/Average Daily Balance, first by taking the
beginning balance of the account each day, starting with the first day after
the Billing Date on the current billing statement, second by subtracting any
payments, credits, unpaid late payment finance charges, returned check
charges, and finally by adding your new service station purchases. We add
all these daily balances together for the billing cycle and divide this
total by the number of days in the billing cycle to calculate the Balance
Subject to Finance Charge/Average Daily Balance. Current charges are never
included in the Average Daily Balance calculations if prohibited by the laws
of your state of residence.
5. Credit Information:
You authorize us to make any credit investigations we may deem appropriate
and to request reports from credit reporting agencies in connection with
this Agreement or in connection with any update, renewal or extension of
credit. We may furnish information on your account to credit bureaus or
others who may properly receive such information.
6. You will be liable
for all charges made by both authorized and unauthorized employees, agents,
former employees, and former agents, or any other person.
7. Change of Terms:
Cancellation: We can change the terms of this Agreement at any time. We will
notify you of any changes. Use of account after the effective date of the
change will constitute acceptance of the new terms. If you do not agree to
the change you may end the Agreement by notifying us before the effective
date of the change. Except where the law requires prior written notice, we
may at any time limit or terminate the use of the account without giving you
notice.
8. Problems: If you have
any question, problem or dispute concerning the monthly statement, you
should contact us and we will take all reasonable and appropriate steps to
provide the information you request or to resolve your dispute. However,
unless required by law, we are not responsible for any problem you have with
any services you charge on your account.
9.
Application Information: Information in this agreement is accurate to the
best of our knowledge. This information may have changed after this
publication. To find out what may have changed write us at Sunshine Taxi,
Incorporated, P.O. Box 5220, Stateline, NV 89449.