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A monthly late charge shall accrue on any undisputed amount not paid in accordance with the terms on the invoice at the lesser of one and one-half percent (1 1 /2 %) per month or the maximum rate permitted by applicable law.
1) If a shipment is refused or fails to be accepted for any reason, there will be a 10% restocking charge plus actual freight charges incurred, save that any shipment may be refused where the shipment is faulty or damaged as a result of negligence by NBC.
2) There will be a 10% restocking charge on all returned merchandise unless such charge is waived in writing in advance of such return or where the shipment is returned as a result of the negligence of NBC.
All terms are net 30 days from the date of an undisputed invoice unless otherwise specified on such an invoice or agreed to in writing by NBC.
CREDIT CHECK AUTHORIZATION
Execution indicates authorization to review the credit of all parties set out in this agreement at initiation or, with reasonable notice, any time thereafter.
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