Credit Form Application

Name of Principals/Owners/Officers/Partners/Members
Business/Supplier Credit References (No Personal References)
Refference 1
Refference 2
Refference 3
Agreement
  • I/We warrant that I/We have been authorized by our business to enter into a binding contract with One Source Building Products (hereafter referred to as "THE COMPANY") or any of its subsidiaries or affiliates.
  • I/We agree that all purchases shall be made in accordance with, and subject to, your terms and conditions of sale, and I/We will pay each invoice in full in accordance with the terms of the particular purchase agreement, invoice, or shipping document, with or without the buyer's signature.
  • I/We agree to pay a monthly service charge of 2% (or the highest legal rate) computed on the unpaid balance until the account is paid in full. In the event that any collection action is brought against this account, I/We agree to pay all costs and reasonable attorney's fees, regardless of whether or not litigation is initiated, including fees to perfect and enforce our lien rights or file a claim on a payment bond.
  • I/We agree that payments made by credit card are subject to a 2.5% processing fee.
  • I/We authorize THE COMPANY to contact any consumer reporting agency, all banks, credit, and business trade references listed herein at any time to verify our credit standing with them and hereby authorize them to release said information to THE COMPANY.
  • THE COMPANY reserves the right to issue notices and record any claim to perfect any mechanics lien rights regarding any material and/or labor supplied to or ordered for any project or job.
  • If our business objects to any invoice charge or the quality of any product delivered by THE COMPANY, I/We agree to notify THE COMPANY in writing within 01 days of the date of the invoice, statement of account, or delivery.
  • The credit limit may be increased or decreased at the discretion of THE COMPANY, without written notice and without affecting any personal guarantees.
  • I/We agree that THE COMPANY has the right to determine, at its sole discretion, how to apply payments despite any request to the contrary.
  • I/We further agree to pay all amounts due under this Agreement until THE COMPANY has received written notice to close this account, mailed U.S. Mail Certified Return Receipt Requested, no matter what person or entity ordered or used the material supplied on this account and regardless of any change in the legal structure of Customer or the existence of entities or individuals legally distinct from Customer using or benefiting from the materials supplied.
  • In the event any other person or entity orders or utilizes any materials supplied pursuant to this Agreement, it is agreed that both the undersigned Customer and such other person or entity shall be obligated to pay for such material ordered or utilized plus all costs, attorney's fees, and service charges.
  • I/We agree that all funds owed from anyone or received as a result of the materials supplied by THE COMPANY shall be held in trust for the benefit of THE COMPANY ("Trust Funds"). I/We agree that I/We have no interest in Trust Funds and to promptly account for and pay to THE COMPANY all such Trust Funds.
  • THE COMPANY may stop the manufacture or supply of any materials when it, in its sole discretion, determines that the Customer is in breach of this agreement or any other contract with THE COMPANY or when THE COMPANY has any insecurity with respect to the Customer's creditworthiness. I/We further agree that THE COMPANY shall not, in any event, be responsible for any damage due to the delay in the supply of any labor or materials.
  • TO THE EXTENT PERMITTED BY LAW, EXCEPT AS EXPRESSLY SET OUT IN THIS AGREEMENT, THE COMPANY DISCLAIMS ALL REPRESENTATIONS AND WARRANTIES OF ANY KIND, EXPRESS OR IMPLIED, INCLUDING WITHOUT LIMITATION, GUARANTEES, REPRESENTATIONS, OR WARRANTIES OF DURABILITY, FITNESS FOR A PARTICULAR PURPOSE, MERCHANTABILITY, NON-INFRINGEMENT, OR ARISING FROM A STATUTE OF CUSTOM OR A COURSE OF DEALING OR USAGE OF TRADE ARE HEREBY EXCLUDED.

In order to induce One Source Building Products or any of its subsidiaries or affiliates to extend credit to the applicant, the undersigned hereby personally and unconditionally guarantees the payment when due of any and all indebtedness, including costs and reasonable attorney's fees, now existing or hereafter incurred by said applicant to One Source Building Products or any of its subsidiaries or affiliates. Further, it is expressly understood and agreed that this is an unconditional, continuing, and irrevocable personal guaranty. I/We hereby waive any requirement by One Source Building Products to attempt to collect from the debtor before seeking payment from guarantor(s).

I/We, the undersigned personal guarantor(s), recognizing that his or her individual credit history may be a material factor in the evaluation of the personal guaranty, hereby consent and authorize THE COMPANY to obtain consumer credit reports on the undersigned at any time it deems necessary as part of the extension of credit to the Applicant, now or in the future.

I/We certify that the statements on this Credit Application & Agreement and on any additional page or pages accompanying this form are true and correct, and that no material information (favorable or unfavorable) known to me or specifically requested has been omitted.

It is agreed by the undersigned and all other parties interested in the performance of this guaranty that the place of trial of any action brought upon this guaranty shall be in Will County, Illinois.

FOR CONNECTICUT CUSTOMERS - I WAIVE THE RIGHTS OF NOTICE AND A HEARING UNDER SECTIONS 52-278a to 52-278n OF THE CONNECTICUT GENERAL STATUTES, INCLUSIVE, FOR THE PREJUDGMENT REMEDY LAW.