Credit Application And Agreement

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  • Company Information

  • Owners and Principals

  • Bank Reference

  • Trade Credit References

  • I / We hereby apply for credit and affirm financial responsibility, ability and willingness to pay invoices in accordance with published terms. The above information is warranted to be true and complete. We hereby authorize you to verify and collect information on us, including but not limited to bank references, trade credit references, and commercial credit reports. We agree to pay a monthly finance charge of the maximum applicable state rate on all past due balances. If any default is made in payment of amounts due on this account, we agree to pay all costs of collection, including attorney fees, in accordance with the laws of Minnesota. In case of such default, the President of our corporation shall be deemed to have personally guaranteed all invoices which are owed by us to Oxygen Service Company. We agree that all decisions with respect to the extension or continuation of credit shall be in the sole discretion of Oxygen Service Company. We hereby understand and agree to the following terms and conditions: (a) Claims for deductions will not be allowed unless made within ten days of invoice date; (b) Credit will not be given for goods returned without Oxygen Service Company's consent; and (c) Any returned items may be subject to a re-stocking fee charge, at Oxygen Service Company's sole discretion.
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