In the event that this credit application is approved, the applicant hereby agrees to and accepts the following terms and conditions: FULL PAYMENT SHALL BE DUE UPON RECEIPT OF STATEMENT. Failure to make payment in full within 10 DAYS of statement closing date will subject applicants account to a finance charge, which will be computed on the average daily balance at a monthly rate of 2% (ANNUAL PERCENTAGE RATE OF 24%).
In the event that the account remains unpaid and legal fees therefore are incurred by LeGrande Affaire Limousine Service, Inc., to obtain payment for services rendered or for information and assistance LeGrande Affaire Limousine Service, Inc. may require from whatever source it deems necessary to obtain payment, the applicant shall be held accountable for all expenses incurred in the collection process.
The undersigned on behalf of the applicant authorizes LeGrande Affaire Limousine Service, Inc. to conduct a complete and thorough check of all the information supplied to LeGrande Affaire Limousine Service, Inc. Furthermore, the applicant certifies that the above statements are true, correct and complete and have been made by the undersigned for the purpose of inducing LeGrande Affaire Limousine Service, Inc., to extend credit to the applicant knowing that LeGrande Affaire Limousine Service, Inc., will rely thereupon, furthermore the undersigned is fully aware of LeGrande Affaire Limousine Service's cancellation, reservation and billing policies, and will have in their possession a written copy of said policies included in the documentation entitled "Company History Structure Services and Policies".