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Unless otherwise stated on a Micron CPG order confirmation or invoice, all payments shall be due upon receipt of invoice. On any overdue amounts, without prejudice to Micron CPG's other rights and remedies (including suspension of pending shipments), customer agrees to pay interest at the rate of 1-1/2% per month (18% per year) or, if such rate is in excess of the rate allowed by law, then the highest rate allowed by law, calculated from the invoice date until paid in full. In addition, customer agrees to pay all costs of collection, including costs of litigation and reasonable legal fees. Micron CPG reserves the right to obtain a security interest in the products sold to customer, and in proceeds thereof, until payment is made in full by customer. Customer agrees to execute financing statements and other instruments at Micron CPG's request. A $15.00 collection fee will be charged for all dishonored checks.
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