TERMS AND CONDITIONS
I/we certify that the above information is correct and complete and further understand that Seller will rely on this information for the extension of
credit. Customer authorizes Seller at any time and from time to time to obtain Credit Reports on Customer or any individuals listed above or to
obtain Credit and Funding information from other persons or entities listed above. Customer further agrees to supply such additional information as may be required by Seller to warrant the future extensions of credit or to enable Seller to perfect liens or to recover upon any bond for its protection. Applicant authorizes the release of information from sources queried regarding credit worthiness.
Credit policy: 30 day terms. Statement balance due in full by the 25th of each month.
Customer Agrees to pay 1 1/2% interest on the average daily balance per month on any balance not paid within terms until paid, both before and after judgment, and further agrees to pay all costs incurred in collection, including attorney’s fees in the amount of 1/3 of the total balance due from Customer in the event this account is placed with an attorney for collection, whether suit is filed thereon or not. Customer expressly agrees that the forum for any litigation pursuant to this Agreement or any other contract between Seller and Customer, whether suit is brought by Seller or Customer, shall be the County of Cecil, Maryland.
Customer further agrees to pay all amounts due under this Agreement, including interest and cost of collection, for all labor and materials supplied
on this account before Seller has received written notice closing this account mailed U.S. Mail Certified Return Receipt Requested, no matter what
person or entity ordered or used the labor and 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 the labor and materials supplied, including but not limited to a related partnership, limited liability company, corporation, individual, sole proprietorship or other entity. In the event of such a change in legal structure or the existence of related entities or individuals benefiting from the labor and materials supplied, it is agreed that both the Customer and the related legal entities or individuals shall be obligated for all amounts due under this Agreement.
Seller agrees to continue shipment to complete any single project to which shipments have been made, subject only to availability and the terms of all contracts with Seller, including this agreement. Customer agrees that all shipments to any one project shall be considered a part of a specific
continuing contract related to a single property. All waivers executed by Seller shall be effective only to the extent of payments actually received.
Customer agrees that Seller retains its mechanic’s lien, payment bond or similar security rights for unpaid deliveries under any circumstances,
regardless what other documents have been presented to Seller for signature which may imply otherwise. Customer further agrees that Seller has the right to determine, in its sole discretion, how to apply and which invoices to pay with all payments received on this account, despite any advice to the contrary from customer.
Seller may stop the supply of any labor or materials when it, in its sole discretion, determines that Customer is in breach of this Agreement or any
other contract with Seller, or Seller has insecurity with respect to Customer’s creditworthiness, until payment is made and any dispute or insecurity
has been resolved. Customer further agrees that Seller shall not, in any event, be responsible for any damages due to delay in supply of any labor or materials. Customer agrees to pay a reasonable storage fee if materials are stored on Seller’s yard more than 60 days.