Terms & Conditions
I hereby certify and agree as follows:
1. Customer represents that the information supplied in the Credit Application is in all respects complete, accurate and truthful. Customer agrees to notify Abolox LLC (“Abolox”) promptly, in writing, of any substantive changes in the information provided.
2. Customer shall immediately notify Abolox of any change of postal or email address, and, failing such notification, any notice to Customer is effectively sent if sent by post or email to Customer's last known address.
3. Customer understands that the information included in the credit application is for use by Abolox in determining the amount, if any, and conditions of credit to be extended.
4. Credit limit and payment terms requested are contingent upon credit approval from Abolox. Customer understands that Abolox may cancel credit at any time without notice.
5. In the event credit is extended, Customer shall pay all invoices when due and pay interest on overdue accounts as recorded on Abolox Invoices, and acknowledges that Abolox may change such conditions from time to time. Standard payment terms are 30 days, unless agreed to in writing and signed by Abolox. All accounts which are 31 days old will be considered delinquent and subject to review of credit privilege. A service charge of one and one-half percent monthly (1 ½ % monthly) may be assessed on all delinquent bills.
6. If Customer fails to abide by the conditions of the invoice or this credit agreement, or if Abolox, in its absolute discretion, determines that Customer will be unable to pay amounts due and owing, Abolox has the right to revise or revoke these credit arrangements. Abolox shall provide Customer 48-hours prior notice of the exercise of this right. During this 48-hour period and thereafter, all new services will be provided on a C.O.D. basis.
7. Customer agrees that Abolox may suspend any and all services as the result of Customers untimely payment or performance, and/or Customer’s failure to abide by the conditions of the invoice or this credit agreement.
8. Customer agrees to be held accountable for the payment of any and all penalties or late fees that may result from Customer’s untimely payment or performance, and/or Customer’s failure to abide by the conditions of the invoice or this credit agreement.
9. Customer understands that a $35 fee will be assessed on any received checks that are returned by the bank because of insufficient funds.
10. Customer agrees to submit payment to Abolox in full for all services rendered (without deduction or setoff), on the due date of each billing. Payments made shall be applied by Abolox in the following order: on all interest charges, if any, and then, invoices beginning with the earliest in date up to
the most recent.
11. Customer agrees that by signing this document, it is authorizing Abolox to obtain financial information from the Trade and Bank references listed in the Credit application. Customer explicitly authorizes Abolox to obtain credit reports in connection with this application for credit. Customer also authorizes the Trade and Bank references, listed in the Credit Application, to release to Abolox, on a continuing basis, any other financial information required by Abolox to make its credit decisions. Customer hereby waives its rights to privacy with respect to all applicable Privacy Laws.
12. Abolox agrees that any subsidiary, associated or affiliated companies named by Customer shall be entitled to participate in the credit privileges of Customer, provided that Customer agrees to be fully responsible for payment of any charges incurred by such companies and hereby guarantees payment
thereof.
13. All disputes must be submitted to Abolox, in writing, no later than 30 days following the date of billing. Any billing not challenged by Customer within 30 days will be deemed accepted and it is agreed the billing shall not be subject to dispute by Customer.