Credit Application T&Cs

It is agreed that the Buyer will pay all invoices in accordance with stated terms (25 Day from Billing Date) and interest will be assessed on delinquent invoices at the rate of 1 1/2% per month (18% A.P.R.) together with any court costs, Attorney fees and costs of collection the Seller may incur in enforcing the terms of this agreement. If Legal action becomes necessary by either Seller or Buyer, it is also agreed that this or any contemporaneous of subsequent agreement will be governed as to validity, interpretation, construction, effect and in all other respects by the laws of the state of Indiana. Further, I hereby authorize the bank and trade references listed in this credit application,to release the information necessary to assist Big “C” Lumber in establishing a line of credit. By the signature of the applicant (officer, principal, owner or partner), you hereby authorize Big C Lumber Co Inc. to run a full investigation of your credit history, including, but not limited to, obtaining a consumer credit report.

The Buyer further grants to the Seller a security interest in Buyer’s Equipment, Contract Rights, Inventories, Receivables and Proceeds of Sales Collateral to secure the Buyer’s Performance of all obligations. The Buyer further authorizes the Seller to file a financing statement without Buyer’s signature.