CREDIT AGREEMENT
PLEASE MAIL ORIGINAL TO:
INTICIPATED MONTHLY CREDIT:______________
HEATON CO.DATE:_____________________
3211 WESTON ROADPHONE: 416-748-6208 or 416-908-2746
TORONTO ONTARIOFAX: 416-748-2336
M9M-2T4 CANADA
BUSINESS PHONE:__________________________
CUSTOMER NAME:______________________________________

BILLING ADDRESS:_____________________________________

____________________________________________________

____________________________________________________

BUSINESS FAX:_____________________________
TAX EXEMPTION NO.:_________________________
LEGAL ENTITY:[ ] CORPORATION[ ] PARTNERSHIP[ ] SOLE PROPRIETOR[ ] GOVERNMENT
NATURE OF BUSINESS:________________________________________LENGTH OF TIME IN BUSINESS:_____________

IF CORPORATION, NAME OF PRINCIPAL SHAREHOLDER:_________________________________________________________

PHONE NO.:___________________________________

IF PARTNERSHIP, NAME(S) OF GENERAL PARTNER(S):__________________________________________________________

PHONE NO.:_________________________________________________________________________________________

ADDRESS IF DIFFERENT THAN BILLING ADDRESS:_____________________________________________________________

IF YOUR COMPANY A DIVISION, SUBSIDIARY OR AFFILIATE OF ANY OTHER COMPANY:_________________________________

IF YES, GIVE THE PARENT COMPANY NAME, ADDRESS AND OFFICER TO CONTACT:_____________________________________

___________________________________________________________________________________________________
MUST FURNISH COPY OF TAX EXEMPTION
CREDIT REFERENCES:
BANK REFERENCE/PRIMARY BANKING INSTITUTE: NAME:________________________________________________________

ADDRESS:___________________________________________________________________________________________

___________________________________________________________________________________________________

PERSON TO CONTACT:____________________________PHONE NO.:________________________
OIL COMPANY SUPPLIER: NAME:____________________PHONE NO.:________________________

ADDRESS:____________________________________________________________________________________________

____________________________________________________________________________________________________

OTHER SUPPLIERS:
NAME:________________________PHONE:____________________FAX:____________________
ADDRESS:______________________________________________________________________________________________
NAME:________________________PHONE:___________________FAX:______________________
ADDRESS:____________________________________________________________________________________________

BY EXECUTION OF THIS AGREEMENT, CUSTOMER AND ANY GUARANTOR AGREE TO THE FOLLOWINGS: (1) TO PAY ALL INVOICES IN STRICT ACCORDANCE WITH THE TERMS STATED THEREON. UNLESS OTHERWISE PROVIDED, TERMS OF PAYMENT SHALL BE NET 30 DAYS FOR ALL PRODUCTS. (2) TO PAY A FINANCE CHARGE EQUAL TO ONE AND ONE- HALF PERCENT (1.5%) PER MONTH ON ANY PAST DUE BALANCE OR ALTERNATIVELY, THE HIGHEST AMOUNT ALLOWED BY FEDERAL LAW. (3) TO PAY A SERVICE CHARGE OF $35.00 ON ANY RETURNED CHEQUE OR OTHER ITEM. (4) THAT THE EXTENSION OF CREDIT TO CUSTOMER IS AT THE SOLE DISCRETION OF HEATON CO., AND, THAT THE EXTENSION OF CREDIT OR THE TERMS THEREOF MAY BE WITHDRAWN OR CHANGED BY HEATON CO., IN ITS SOLE DISCRETION. (5) THAT IN THE EVENT CUSTOMERS ACCOUNT IS PLACED FOR COLLECTION, CUSTOMER WILL PAY ALL COSTS OF COLLECTION ALLOWED BY LAW INCLUDING A REASONABLE ATTORNEY'S FEE. (6) THAT THIS AGREEMENT WILL BE GOVERNED BY AND CONSTRUED IN ACCORDACE WITH LAWS OF PROVINCE OF ONTARIO. (7) THAT CUSTOMER WAIVES ANY RIGHTS TO EXEMPTION UNDER THE PROVINCE OF ONTARIO LAWS OR ANY OTHER BANK OR CREDIT REFERENCES SHOWN HEREIN FOR PURPOSES OF OBTAINING CREDIT INFORMATION AND TO ASSIST IN THE INVESTIGATION OF CUSTOMER'S CREDIT. (9) THAT HEATON CO. HAS RELIED TO ITS DETRIMENT ON ALL INFORMATION PROVIDED HEREIN BY CUSTOMER. (10) THAT CUSTOMER WILL PROVIDE CURRENT FINANCIAL STATEMENT TO HEATON CO., AS OFTEN AS REQUESTED.

CUSTOMER AUTHORIZES ANY BANK, COMMERCIAL BUSINESS OR OTHER PERSON WITH WHOM CUSTOMER HAS DEALT TO GIVE ANY AND ALL INFORMATION NECCESSARY TO HEATON CO. IN ITS CREDIT INVESTIGATION.

 

COMPANY NAME:________________________

 

BY:_____________________________________________
TITLE:________________________________
PLEASE SUPPLY US WITH A CURRENT FINANCIAL STATEMENT AND EXECUTE THE PERSONAL GUARANTY ATTACHED. OMISSION OF ANY REQUESTED INFORMATION ABOVE COULD RESULT IN DELAY OR DENIAL OF CREDIT APPLICATION.
PLEASE MAIL ORIGINAL SIGNED DOCUMENTS TO US