The undersigned (“Customer”) agrees that all services secured by Customer for any subsidiary or affiliated entities from Dependable Highway Express, Inc. (“DHE”) or any other members of the Dependable Group of Transportation Companies (called “THE DEPENDABLE COMPANIES”), DLS (Dependable Logistics Solutions), DDC (Dependable Distribution Centers), DHX (Dependable Hawaiian Express), DGX (Dependable Global Express) are subject to the following terms and conditions:
a. If any amount/s due DHE are not paid in accordance with the payment terms, a service charge may be added to the sums due. This charge shall equal the amount obtained by multiplying the delinquent balance of each invoice by 1.5%, per month.
b. Discounted rates are not applicable on any invoice that’s age is greater than 45 days from the date of billing. Accordingly, Customer understands that all discounts will be removed on such delinquent invoices and that the full amount, or “street rate”, will then apply.
c. No one, other than a representative of DHE’s Credit Department or member of DHE Senior Leadership (i.e. President, CFO, Controller, etc.), may make payment agreements on terms, invoices, or balances due DHE. Instead, all disputes must be directed to the appropriate DHE Credit associate for resolution prior to the invoice’s due date.
In consideration for credit extended, the undersigned contracts and guarantees to the faithful payment, when due, of all accounts of this Customer for 5 years from the date of this application. The undersigned expressly waives all notice of acceptance of this guarantee, notice of extension of credit, presentment of demand for payment and any notice of default by the company seeking credit and all other notices to which the guarantor might be entitled. Revocation of the guarantee shall be in writing and delivered by certified mail.