Requested Credit Line
(This does not limit financial liability on this account).
Terms and Conditions of Credit Agreement
It is understood that in consideration for extending a credit account the Seller (Ernest Maier, Inc. & dba as Parker Block, Skyline Brick, Bay Ready Mix of Maryland, and Gomoljak Block) and Customer agree upon the following terms and conditions:
All accounts are due and payable thirty (30) days from the date of the invoice.
Any account remaining unpaid sixty (60) days from date of invoice will be addressed service charges of 1.5% per month (an effective annual rate of 18%). Interest will accrue from the date of invoice.
In the event of legal action, Customer shall be responsible for paying reasonable Attorney’s fees incurred by Ernest Maier.
Customer agrees that Seller has the right to determine how to apply payments and which invoices to pay with all payments received on this account.
Seller may stop the sale or supply of any materials when it determines that Customer is in breach of this Agreement or Seller has concerns about Customer’s creditworthiness, until payment is made and any dispute or insecurity has been resolved.
Customer agrees that refunds/returns/credits not applied six (6) months from invoice date expire. Seller has the right to determine how to apply returns/credits on the account as it sees fit after 90 days.
All waivers executed by Seller shall be effective only to the total dollar amount of payments actually received. Customer agrees that Seller does not release its mechanic’s lien, payment bond or other legal rights for unpaid invoices, regardless of what other documents have been presented to Seller for signature that may imply otherwise.
Any deliveries made are to be within the normal weekday and Seller does not guarantee delivery times or rates.
Terms and Conditions
Should I choose not to sign the above personal guarantee, I understand that the terms of my line of credit may be impacted.
Credit application not accepted without approval from Ernest Maier, Inc.’s Credit Department