YBC definition

YBC means Your Building Centers, Inc of Altoona, Bedford, Bloomsburg, ▇▇▇▇▇▇, ▇▇▇▇▇▇▇, Huntingdon, Lock Haven, Milton, Muncy, Philipsburg, State College, Sunbury, Williamsport, ▇▇▇▇▇▇▇ Lumber Company, Inc. or other subsidiaries of YBC Inc. Terms of Payment: In the event that YBC agrees to extend and to continue to extend credit to Purchaser, the terms of the account are net thirty (30) days, which means the Purchaser agrees to make payment in full each month for all material purchased on this account before the next month’s billing date. Purchaser agrees to pay service charges of 2% per month or 24% Annual Percentage Rate on all unpaid balances which become thirty (30) days or more past due. The service charge will continue to accrue on the unpaid balance due and owing YBC by Purchaser, until such time as the entire unpaid balance is paid in full by Purchaser. YBC reserves the right to modify this agreement concerning the date payments are due, the amount of service charge imposed, and the amount of discount allowed, after notifying you by regular mail.

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Examples of YBC in a sentence

• When requested by City, YBC will supply the CITY a report on slip usage by general watercraft length.

• Along with payment each quarter, YBC shall provide to the City a financial statement in Microsoft Excel or convertible to Excel showing gross receipts and expenses.

• YBC will have full use of the CITY equipment and materials currently at Watergate Marina.

• YBC may contract with CITY for city provided services such as trash hauling or trades work at an agreed upon service level and rate, which will not discount the CITY's cost for providing such service.

• In the event YBC fails to continuously maintain proper insurance as required by the Agreement and the lapse continues for a period of five days after receipt of written notice of such failure.

• The terms and conditions of the account can be modified only by written amendment signed by an authorized person at YBC and Purchaser.

• The CITY has a right to inspect all books and records pertaining to the operation of Watergate Marina by YBC.

• YBC is responsible for maintaining the harbor depth for marina activities and is responsible for any dredging expenses, including those related to flood events.

• YBC is permitted to have access to Watergate facility outside of public hours, for security purposes.

• Purchaser acknowledges and agrees that if YBC, in its sole and absolute discretion, agrees to extend and continue to extend credit to purchaser such decisions will be in reliance on the information provided in the credit application.