Non-Payment Default. Failure to pay Total Initial Costs as listed under the PAYMENT INFORMATION Section of this Agreement or failure to pay consecutive Renewal Maintenance Fees as specified in the RENEWAL MAINTENANCE Section will render this agreement and full warranty null and void. The Purchaser will pay all collection costs if payment is not received according to Service Agreement. A finance charge of 1.5% per month or 18% per year will be assessed on all past due amounts older than 30 days.
Appears in 2 contracts
Sources: Termite Baiting Agreement, Termite Baiting Agreement