WE CAN ONLY ACCEPT A INDIVIDUAL OR BUSINESS CHECK DRAWN FROM THE BANK OF THE COMPANY OR INDIVIDUAL ENTERING INTO THE FINANCE AGREEMENT WITH HIL, OR WIRE OR CASHIERS CHECK. IT IS UNDERSTOOD THAT THIS IS A NON-REFUNDABLE COMMITMENT FEE TO BE APPLIED TO ADVANCE LEASE PAYMENTS UPON FUNDING. IF ANY INFORMATION PROVIDED BY THE CUSTOMER WAS MISREPRESENTED OR SHOULD THE CUSTOMER CANCEL THE FINANCE AGREEMENT, HIL MAY, IN ITS SOLE AND ABSOLUTE DISCRETION RETAIN THE ENTIRE COMMITMENT FEE AS COMPENSATION FOR ITS TIME IN UNDERWRITING THE LEASE AND REIMBURSEMENT OF ITS EXPENSES, INCLUDING GENERAL OVERHEAD EXPENSES.
THE CUSTOMER, BY SIGNING BELOW, HEREBY AUTHORIZES HIL TO DEBIT CUSTOMER’S ACCOUNT FOR (I) PAYMENT OF THE COMMITMENT FEE, (II) PAYMENT OF INSURANCE ON THE EQUIPMENT (WHEN PROOF OF SAME IS NOT PROVIDED) AND (III) ALL OTHER SUMS DUE TO THE LENDER FINANCING THE EQUIPMENT TO BE LEASED OR OTHER SUMS DUE HIL IN CONNECTION WITH EXECUTION OF THE LEASE, THROUGH THE ACH PROCESSING SYSTEM USING THE ROUTING AND ACCOUNT INFORMATION ON THE CHECK WRITTEN FOR THIS INVOICE.
ANY AND ALL DISPUTES REGARDING THIS COMMITMENT FEE OR INSURANCE WILL BE RESOLVED EXCLUSIVELY IN THE STATE AND FEDERAL COURTS IN KING COUNTY, WASHINGTON.