Global PC Direct Inc., and its agents, are hereby given permission to investigate the credit worthiness of applicant, including contacting applicant's references. Except for such purposes, this credit application will remain confidential. Applicant acknowledges that Global PC Direct Inc. will rely upon statements and representations made herein, and that they were made for the purpose of establishing credit terms with our company. Terms prior to credit approval shall be Prepaid In Full unless otherwise stated. Upon credit approval, customer agrees to pay all invoices in accordance with credit terms extended. If payment is not received within credit terms expressed, customer shall be subject to finance charges of 1.5 percent per month on all past due invoices and reasonable legal and attorney fees incurred by Global PC Direct Inc. to collect unpaid balances. We (applicant) agree to the terms of this credit application and authorize the above trade and bank references to release credit information to Global PC Direct Inc.
By accepting below you represent that your business is a valid business entity and that you are an authorized representative of the business with authority to enter into contractual agreements. You hereby agree to the terms of sale listed on each Global PC Direct invoice. Invoices and account statements will be provided by e-mail to the designated contact. In case of a credit sale, you acknowledge that Global PC Direct will charge a finance fee of one and one-half percent per each thirty day period, or part thereof, for any invoice that is past due. In order to induce Global PC Direct to extend credit for the purchase of Global PC Direct's products ("Products") and for other good and valuable consideration, you hereby convey, grant and transfer to Global PC Direct a purchase money security interest in the Products and all proceeds until you perform all your obligations due to Global PC Direct. You agree to execute any financing statements that Global PC Direct may request in order to protect Global PC Direct's security interest and hereby authorize Global PC Direct to execute and irrevocably appoint Global PC Direct as your attorney in fact for the execution of such financing statements and for the exercise of its remedies as a secured party. On behalf of your business, you certify that all information provided in this Application is complete and accurate, and you authorize Global PC Direct to obtain information about you personally and your business from credit reporting agencies and other sources Global PC Direct deems appropriate in considering this Application and subsequently for purposes of updates, renewals, or extensions of credit granted as a result of this Application or in receiving or collecting the Account. You agree that your transactions with Global PC Direct shall be governed by and construed in accordance with the laws of the State of California, without giving effect to its conflicts of laws principals. You further agree that any lawsuit between Global PC Direct and yourselves shall be brought only in the state or federal courts of Santa Clara countY of California. You hereby submit to the jurisdiction of such courts in any dispute with Global PC Direct and you waive any objections to venue being in such courts.