a) Full payment is due within 30 days of invoice. Advertisers who reserve
space in multiple issues will be billed for ad fees on an issue-by-issue basis.
b) A 1.5% service charge per month, 18% per annum, shall be added to
past-due invoices. Vanderbilt Magazine reserves the right to terminate
the contract of an advertiser with a past-due account.
c) In the event that any invoice or portion thereof is referred to an attorney
or agency for collection, an additional charge for reasonable attorney's
or collection fees shall be added to the advertiser's total balance due.
d) Prepayment may be required of first-time advertisers.