THIS CREDIT APPLICATION AGREEMENT IS SUBMITTED BY THE ABOVE-NAMED APPLICANT TO TOYOTA MATERIAL HANDLING OHIO TO OBTAIN TRADE CREDIT. THE APPLICANT ACKNOWLEDGES THAT CREDIT EXTENDED HEREUNDER SHALL BE USED SOLELY FOR BUSINESS PURPOSES. IN MAKING THIS APPLICATION, APPLICANT AGREES AND UNDERSTANDS THAT ALL ACCOUNTS ARE PAYABLE ON OR BEFORE 30 DAYS FROM DATE OF INVOICE FOR PARTS AND/OR SERVICES RENDERED AND 10 DAYS FOR NEW/USED EQUIPMENT. APPLICANT ALSO AGREES TO PAY LATE CHARGES ON ALL AMOUNTS THAT ARE PAST DUE UP TO THE HIGHEST RATE ALLOWED BY LAW. IF APPLICANT SHOULD DEFAULT ON ANY PAYMENT, TOYOTA MATERIAL HANDLING OHIO RESERVES THE RIGHT TO DECLARE ALL INVOICE AMOUNTS DUE AND PAYABLE WITHOUT NOTICE TO APPLICANT. APPLICANT AGREES TO ADHERE TO TOYOTA MATERIAL HANDLING OHIO STANDARD TERMS AND CONDITIONS OF SALE AND SERVICE.