(a) Checks are accepted subject to collection and the date of collection shall be deemed the date of payment. Any check received from Buyer may be applied by Seller against any obligation owing by Buyer to Seller, under this or any other contract, regardless of any statement appearing on or referring to such check, without discharging Buyer’s liability for any additional amounts owing by Buyer to Seller, and the acceptance by Seller of such check shall not constitute a waiver of Seller’s right to pursue the collection of any remaining balance.
(b) On any invoice not paid by maturity date (net thirty [30] days), Buyer shall pay interest from maturity date of payment at the annual percentage rate of 18% (or such lower rate as may be maximum allowable by law), together with Seller’s cost of collection (including reasonable attorneys’ fees).
(c) Buyer agrees to pay entire net amount of each invoice rendered by Seller pursuant to the terms of each such invoice without offset or deduction.
(d) Prices for any undelivered Products may be increased by Seller in the event of any increase in seller’s cost of supplies, raw materials, labor or services, or any increase in Seller’s cost resulting from government action or any other cause beyond seller’s control.
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