I the undersigned, hereby state the information listed on this application to be accurate to the best of my knowledge. I give my consent and authority to NICHOLS PAPER & SUPPLY CO. to investigate and verify the information provided. All new accounts will be C.O.D. until credit is approved. If open account is granted PAYMENT TERMS ARE NET 25 DAYS. If open account terms are granted, in the event of non-payment according to the terms stated above, I agree to pay a 11⁄2% per month (18% per annum) interest charge up to the maximum amount allowable by law. If outside services are required to collect payment on account, I agree to pay all collection costs including but not limited to collection fees, court costs and attorney fees, up to the maximum allowable by law. I have read, understand, and agree to the above stated terms.