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~ BUYER SPECIFICALLY AG ~ 1
REES AS FOLLAWS:
1. All amounts due hereunder shall be due and payable upon delivery of the merchandise to the BUYER. In the
event the parties hereto agr,ee that the merchandise wilt be deUvered in installments, the amount due on each `
installment~ which amount shall be specified in the agreement~ shall be due and payable when each inatallment
of mAicrhandise is delivcred. Merchandise shall be considered delivered to the BUYER wbon:
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~ a Merchandise is delivered to the~ locations specified by the BUYER; or ~
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~ b. Merchandise is delivered to the-locations specified by the ~}3UYER and installed at the location asa~ceed; ;
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~ c. If, for any reason, the BUYER is unable or unwillinq to receive delivery of the merchandise as spe~ed in
paragraphs (a) or (b) supra, merchandise is delivered to a warehouse or other facility designated by the ;
# ~ B~JYER as required by Section 2 hereof. • • ' ' i
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j 2. If, for any reason, the BUYER is unvoilling or unable to receive delivery of the merchandise at the location
specified when •it was agreed such me~chandise should be delivered, the BUYER hereby agrees to designate
fo: thwith a warehousinq facility for delivery thereof: ~'he BUYER further aqrees, ~ at its own expense, to store
i su~h merchandise and to insure such merchandise for the full amount of the purchase price aqainst loss of any '
:,ature whatscever until title to tke merchandise is tcansferred as herein provided. Proof of insurance shall be
! forwarded to the SELLER forthwith. Failure to obtain insurar~ce as required shall be deemed a material breach
j; of this Agreement. If the BUYER fails to present satisfactory proof of insurance, the SELLER shall have the
~ right, but not the obligation, io obtain insurance on the mercharidise and to iaelude in the pwrcha9e pcice the
~ ' cast thereof. . . _ . - . - .
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i 3, In the event the amounts due and payable.hereunder are not received within ten (10) days after delivecy as that
,tarm-is defined under Section 1, interest at~the rate of 1'f~X per month, which is an ANNUAL PERCENTAGE
~ RATE of 1896~ shall be charqed on the outstanding balance commencinq on the eleventh day.
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The TITLE to the above described merchandise shall remain in the SELLER untl the whole amount of the
purchase price, installation and other costs have been paid.
5. Should it come necessary for the SELLER to turn over any amount due to an attorney for collection or to
~ collect any amount due through leqal action or proceedinq, the BUYER aqrees to pay reasonable attorney fees,
c~urt costs, interest as stated herein, and other costs of collection or enforcement ineunced by the SELI~R
and a
g
rees that Palm Beach Count
y, Florida may be the place of the trial.
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6. On all rr~erchandise for direct factory shipment, price quotations and orders are based upon prevauling known ~
~ prir.es and availab~lity, and, therefore, are subject to the manufacturers' acceptance subaequent to the time the _
~ order is submitted to the manufacturer. .
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7. All of the terms and conditions of the fnitial a~ceement previously entered into by and between the parti~ ara
hsceby made aa iat~eqc'al part of this inrtrument " ' ' ~
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