Credit Application

RETURN MATERIAL: When orders have been filled as specified, no goods may be returned by purchaser, nor will any credit be allowed, unless written consent has first been obtained from a representative of CITCO Water (hereinafter referred to as the company). When so obtained , the Company’s present policy, subject to change further without notice, is to accept returned material if it, in their sole discretion, shall be the invoice price less twenty (20) percent on accepted material, less all shipping and handling charges. In all other cases, the credit, as determined by the Company shall be the scrap value of the goods, less shipping and handling charges.

MANUFACTURER’S WARRANTY: Goods sold by the Company that are covered by a manufacturer’s warranty are covered only to the extent of the manufacturer’s warranty. This manufacturer’s warranty, which is given expressly and in lieu of all other warranties, expressed or implied, of merchantability and fitness for particular purpose, constitutes the only warranty made by the companies.

TRUST FUND AND JOB BILLING: The Company’s policy is to rely upon the trust fund provisions of Federal and State laws requiring that contractors receiving payments on jobs use such funds to pay their suppliers. The Company will, therefore, require information identifying each job so that separate bills can be rendered for each project.

SERVICE CHARGE: A service charge of 1-1/2% per month (18% per year) will be billed to your account on all invoices thirty (30) days past due.

TERMS OF PAYMENT: Terms are net thirty (30) days from invoice date. The Company reserves the right to demand payment in full with all accrued service charges at any time after the first service charge has accrued. Purchaser agrees to pay Company’s reasonable attorney’s fees together with all costs and disbursements incurred if the account is placed with an attorney for collection.

The undersigned understands that the information provided in this application is being submitted for the purpose of obtaining credit from the Company and hereby authorizes the Company or their representatives to utilize this document as authority and written consent to obtain credit history from third parties. If the Purchaser utilizes the Company for a credit reference, the Purchaser hereby authorizes and consents to the Company providing said information to any third party as requested.

The undersigned thoroughly and completely understands and agrees to the above terms and conditions of credit with the Company in the event of credit acceptance.