The company or individual(s) whose name appears on the front page of this document is thereafter called “Client”, and by signing this agreement is bound to respect the following conditions:
- The Client is committed to pay Air Inuit according to the terms as set forth by the Credit Department.
- The interest owed by the Client after reaching these terms will be calculated at a rate of 1% per month (12% per year). This interest will be calculated on the outstanding balance remaining after the 30-day delay.
- The Client will promptly advise Air Inuit of any changes susceptible of affecting these credit terms.
- If the Client fails to comply with the conditions herein stipulated, the entire debt will immediately become due and payable in full notwithstanding any other contradictory dispositions. Therefore Air Inuit reserves the right to cancel at any time the amount of credit previously allowed.
- In the case where the client’s account is placed under collection with a specialized firm or intermediate, the Client agrees to pay all collection fees, charges, and/or court fees as required in order for Air Inuit to collect whatever amount is past due.
- The undersigned consents that credit information be asked to a third party by our company, or one of its representatives, whenever they judge useful or necessary in order to establish credit or in order to maintain the credit file up to date. Furthermore, the undersigned will allow that such information be divulged to any credit agent, society or company with whom they share or intend to share a business relationship.