The credit application and agreement is submitted by the customer to Mid-South Power Distributors, hereafter knows as MSP in this agreement, in order to obtain trade credit. Customer agrees to make payment in full to MSP for all amounts due according to MSP's invoice on or before the date due. The customer also agrees to pay interest on all amounts that are past due. Interest will be charged at 1.5% per month or the highest rate allowable by law. If the customer should default in any payment(s), MSP has reserved the right to make all invoice amounts due and payable without notice to the customer. Additionally, the customer agrees to pay for all collection costs and attorney fees whether a suit is filed or not, in order to collect delinquent amount. Any litigation that becomes necessary will be done in Shelby County, TN. The customer also agrees to provide MSP with updated credit information on request and to provide annual statements to MSP as a condition for the continued extension of credit. Furthermore, the customer agrees to notify MSP immediately upon changes in ownership, purchasing procedures, authorized purchases or bankruptcy. The undersigned certifies that all the information obtained herein and any attachments is true and correct to the best of their information, knowledge and belief. Customer agrees to adhere to credit policies and procedures established by MSP.