1. Purchaser will promptly notify Omaha Track of any change in the undersigned's legal status.
2. Purchaser agrees to pay invoices due within the terms stated on the invoice. If invoices are not paid within terms extended, account will be placed on a cash basis until account is paid in full.
3. Purchaser agrees to pay costs of collection of any unpaid account, including reasonable Attorney’s fees and costs incurred to effect collection, with or without suit, including preparation, filing and foreclosure of any liens.
4. A minimum interest charge of 1.5% per month (18% per annum) will be assessed on all past due invoices.