Authorization
TERMS: 30 DAYS FROM THE DATE OF INVOICE. SERVICE CHARGES OF 1.5% A MONTH WILL BE CHARGED ON OVERDUE ACCOUNTS
The Corporation and/or I agree that title to cylinders will remain solely with MaineOxy. If it becomes necessary to refer the account to a lawyer or a collection agency due to non-payment of the buyer, any collection or legal fees will be the responsibility of the undersigned buyer and/or the corporation. The signature below authorizes MaineOxy to run a credit report (for charge accounts) to obtain information necessary to complete this application for account privilege.
This agreement constitutes a security interest in the equipment which are the subject of thereof. Lessee grants a security in, and a general lien upon the equipment and proceeds thereof. The lessee agrees to cooperate with the Lessor and expressly permits Lessor to execute and file financing statements and take such other actions as shall be required to perfect the Lessor’s security interest in the Equipment in accordance with this agreement.