The undersigned, on behalf of the Customer, agrees to the following credit terms:
1. The information furnished in the credit application is true, complete, and accurate. Hightech Grafix is authorized to obtain a credit report and other credit information on the Customer for the purpose of evaluating the creditworthiness of the Customer in connection with this credit application and agreement. Customer further agrees to provide such additional financial information to SanMar as it requests.
2. Customer agrees to pay all sums as they come due pursuant to invoiced payment terms (Net30). Customer agrees to pay a monthly late charge on past due balances of 2% or the maximum rate otherwise allowed by law. If collection of this account becomes necessary, I/We agree to pay all costs of collection, including, but not limited to reasonable attorney’s fees and cost of suit incurred. Returned materials will be subject to a restocking charge. Returned checks are subject to return check fees. When Credit is extended, it is contingent upon prompt payment, according to the agreed upon terms and will be restricted by a credit limit – to be determined by the Credit Department.
3. Customer has reviewed Hightech Grafix’s Ordering Terms & Conditions of Sale and General Terms & Conditions of Sale at www.hightechgrafix.com and hereby accepts and agrees to comply with those terms and conditions, along with the terms set forth in this Credit Agreement (collectively, the “Terms and Conditions”), and agrees that such Terms and Conditions supersede those contained in any purchase order or other Customer document regarding the subject matter hereof.
4. Any claims of errors or discrepancies in the billings must be submitted to our office in writing within 15 days of receiving a bill otherwise, all such objections are deemed waived and the account will become stated.
5. Open credit may be withdrawn at any time. All credit applications are subject to periodic review and will require updates. Credit privileges can be withdrawn at any time without notification if the account goes past due. Any litigation concerning this contract may be commenced, at the sole discretion of credit grantor, in any local, state or federal court within the state of Texas.
6. Applicant’s signature attests financial responsibility, ability and willingness to pay our invoices in accordance with our terms. The information on this application is for the purpose of attaining credit and is warranted to be true. I/We understand that approval for credit is based on a complete review of all information submitted and I/We authorize and release approval for you to investigate all bank and trade references. The undersigned officer warrants that he or she is authorized to execute this application. The parties agree a facsimile copy of signature is the same as original.
