General Interpretation
I. In these conditions:
AgriPower, Inc., AgriPower
Manufacturing & Services, Inc., or its subsidiaries are referred to herein
as "Seller." "Buyer" refers to the purchaser of any
products or services, written or verbally placed with and accepted by Seller into
which these Terms and Conditions are incorporated. "Goods" refers to the products
or services specified on a purchase order from Buyer to Seller.
Credit Terms
I. All sale of Goods
will be on a cash-in-advance basis until a credit account is established,
unless otherwise agreed to by Seller, in writing. To qualify for a credit
account, Buyer must complete a credit application. A
credit account will only be considered after this time and is subject to the
necessary trade and bank references proving satisfactory. Credit limit and
payment terms requested are contingent upon credit department approval. Any
Buyer has a three thousand dollar credit limit ($3,000). Amounts causing the
credit limit granted by Seller to be exceeded are payable in advance.
Exceptions are at the discretion of Seller.
II. Buyer certifies that
all information supplied in the credit application is complete, accurate, and
truthful. Buyer agrees to notify Seller, in writing, of any substantive changes
in the information provided. Buyer consents to the disclosure to Seller by any
person, firm, or entity with whom or which Buyer may have financial, trade, or
other relations of any information required for a credit check. Buyer gives Seller
the right to periodically obtain updated information from Buyer's creditors,
consumer or commercial credit agencies, or bank references as may be required
to perform credit checks.
III. Unless otherwise
agreed, the granting of credit facilities is made on the condition that payment
is received by Seller within thirty (30) calendar days from the date of Seller's
invoice. Seller reserves the right to close the Buyer's account and revoke
credit extended if Terms and Conditions are not observed. Seller can refuse to
permit further purchases or may limit the amount of purchases at any time. Seller
reserves the right to change a credit status at any time and without
notification. Seller may change, modify, amend, suspend, discontinue, terminate,
and/or otherwise revoke any credit extended if Buyer fails to pay any monies
due or if, in Seller's judgment, there has been an adverse change in Buyer's
financial condition. Thereupon, Seller may demand payment or other assurance,
in its sole and absolute discretion, required before shipment of any further
Goods.