263 Old Country Road | Melville, NY 11747 | 800.545.6776 OPT #2 | FAX 866.995.1196 Agreement to Sale Terms


Section E: Agreement to Sale Terms All invoices are due on the date set forth thereon. ADI has the consent of the undersigned, acting on behalf of the Buyer and himself or herself to collect, use and disclose the information collected in Section C1 for the purpose of periodically assessing the creditworthiness of the Buyer and conducting a related consumer credit investigation, which includes contacting the relevant bank and trade references, as well as obtaining periodic credit reports from the credit bureaus. ADI reserves the right to evaluate Buyer’s credit at any time and if ADI deems, in its sole discretion, that Buyer’s credit no longer supports the credit line, ADI may reduce, freeze or terminate the credit line.


Buyer agrees to make all payments in a timely manner and acknowledges that all transactions between the parties shall be governed by the terms and conditions accompanying each invoice. If this account goes out of terms, notwithstanding any other rights ADI may have under law or in equity, Buyer agrees that ADI may assess, and Buyer agrees to pay late charges (not to exceed the lesser of 1.5 % per month or the maximum amount permitted by law), reasonable attorney fees, collection agency fees and other costs associated with its collection efforts. As continuing security for the prompt payment of all amounts now or subsequently owing by the Buyer to ADI, including, without limitation, the balance outstanding from time to time of the purchase price of products sold to Buyer by ADI, and the strict performance and observance by the Buyer of all agreements, warranties, representations, covenants and conditions of the Buyer made pursuant to this agreement or any other agreement between the Buyer and ADI from time to time (collectively, the “Obligations”), Buyer grants to ADI a continuing, specific and fixed security interest (and, to the extent applicable, a purchase money security interest), and in Quebec a movable hypothec, in all of the Buyer’s property, rights and assets of every nature and kind, now owned or subsequently acquired by the Buyer and at any time and from time to time existing or in which the Buyer has or acquires an interest, including all personal property (in Quebec movable), insurance policies, annuities, financial assets, accounts, chattel paper, contracts, documents of title, equipment, intangibles, inventory, investment property, money and proceeds, together with all increases, additions and accessions to any of them and all substitutions or any replacements of any of them (collectively, the “Secured Property”). For the Province of Quebec only, the hypothec created herein is for an amount equal to $200,000. Buyer shall execute, at ADI's request, such other and further documents (including a general security agreement or in Quebec a Hypothec) as may be necessary or desirable to further evidence, perfect or amend such security interest. Upon any default by the Buyer in performing any of the Obligations, ADI may exercise all remedies available to it under applicable personal property security legislation and other applicable law and may also appoint a receiver, enter the Buyer’s premises and repossess the Secured Property, dispose of the Secured Property as it sees fit, foreclose upon the Secured Property or otherwise deal with the Secured Property in such manner, upon such terms and conditions, at such time or times and place or places and for such consideration as may seem to ADI advisable and without notice to the Buyer. The Buyer acknowledges and consents to the filing by ADI of any financing statement deemed necessary or desirable by ADI under applicable personal property security legislation. The laws of the province of Ontario shall govern our relationship and Buyer consents to personal and subject matter jurisdiction in the Courts of Toronto in the province of Ontario.


Buyer understands that it has the right to access and correct Buyer information held by ADI by making a written request to ADI and to withdraw its consent in writing to ADI’s future access of Buyer credit information. If any account becomes in arrears and collection process becomes necessary, all amounts on the account become immediately due and payable in full and ADI may suspend all further credit to the applicant indefinitely. ADI reserves the right to revoke credit privileges and close an existing account without notice.


Buyer recognizes that guarantor may withdraw his or her consent to the collection, use and distribution of his or her personal information by ADI for the purposes described above and such withdrawal may, at the election of ADI, result in the cancellation of all credit terms, prior terms or arrangements with you and ADI may call all amounts currently owing due and payable in full. Buyer and each principal have read and understand the terms of credit as indicated above and the transaction terms set forth in ADI’s standard terms and conditions and agree to abide by them. Each principal is signing on behalf of the applicant as an authorized signatory and also in his/her personal capacity.


Name: (Print) __________________________________________________ Title: ______________________________________________________ Signature: _____________________________________________________ Date: _____________________________________________________


5 For orders, call 877-234-7378 | For system sales and support, call 877-797-4226 | adiglobal.com/ca


Canadian LF - 5/6-REV:09-2011 Get It Now!


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For orders, call 877-234-7378 | For system sales and support, call 877-797-4226 | adiglobal.com/ca


Get It Now!


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