Inventory Advantage Program Financing Terms
Pure Romance, LLC (the “Company”) is pleased to offer this special Inventory Booster Program to selected Partners. Any Partner who has received a notice of eligibility for this program may accept and receive the benefits of the program by clicking on the “Accept” button below. By so accepting, or otherwise requesting or receiving credit provided for under the program, the Partner will be deemed to agree to all the program terms and conditions and become obligated to pay amounts due for Program Inventory (as defined below) provided under the program and other amounts as set forth in the following terms and conditions:
- Acknowledgement.The undersigned Partner declares, represents and warrants the products being purchased under the Inventory Booster Program covered by this agreement are intended for commercial use only and not personal, family or domestic purposes.
- Amount, Purpose and Term of Credit Program.The maximum amount of credit provided under the program is either four hundred and ninety-five dollars ($495.00) or three hundred and twenty dollars ($320.00) depending on the kit purchased, which may be used exclusively to finance the purchase by the Partner of the New Partner Inventory Kit, the $890 Special Inventory Kit or the $575 Special Inventory Kit (the “Program Inventory”) from the Company. Orders for Program Inventory to be financed under the program may be placed only during the enrollment eligibility period. Sales taxes and shipping and handling charges as well as a twenty dollar ($20.00) administrative fee are not financed under the program and Partner agrees to pay the same separately in accordance with applicable terms established by the Company. The Company reserves the right to deny, suspend or discontinue the extension of credit in the event of the resignation, termination, bankruptcy or insolvency of the Partner, the creditworthiness of the Partner being or becoming unsatisfactory to the Company, noncompliance by the Partner with any of the terms and conditions of the program or other agreements with the Company or delinquency of more than 30 days in payment by the Partner of any amount due to the Company.
- Repayment Terms; Fees and Late Charges. Partner agrees to pay an administrative fee of twenty dollars ($20.00) for Partner’s participation in the program. Partner agrees to pay the indebtedness incurred by Partner under the program in five (5) equal consecutive monthly payments of ninety-nine dollars ($99.00) or five (5) equal consecutive monthly payments of sixty-four dollars ($64.00) depending on the kit purchased. If this agreement was signed between the 1st day and the 15th day of the month, the first such payment will be due on the 1st day of the following month. Subsequent payments are due on the 1st day of the four succeeding months. If the agreement was signed between the 16th day and the last day of the month, the first payment will be due on the 15th day of the following month. Subsequent payments are due on the 15th day of the four succeeding months. Partner will provide a valid debit or credit card to the Company, authorize the Company to charge the amount of each such payment and any applicable late charges to the related card account and promptly provide the Company with another debit or credit card to support each payment if any charge on an account provided is declined. No interest will be charged for the credit extended; however, in the event that any such monthly payment is not made by the end of the month in which due, Partner agrees to pay a late payment charge of $35.00. Additionally, the Company shall not allow Partner to place any additional orders for product until the monthly payment and late charge have been paid. If any payment is not paid in full within 90 days after it is due, the Company may, with or without notice, declare the entire amount of indebtedness owed to the Company by the Partner, under this program and otherwise, to be immediately due and payable and the Company shall have the right to exercise any and all legal remedies available to the Company to collect payment thereof.
- Miscellaneous.This program will be governed by the laws of the State of Ohio. In the event any charge provided for hereunder exceeds any applicable amount permitted by law, such charge shall be reduced to the amount so permitted, and any amount paid in excess of any permitted amount shall be applied to indebtedness lawfully owed until paid in full, with any excess paid over or credited to Partner.