Commercial Business
Commercial Electrical Contractor Only
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General Building Contractor
Government
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HVAC EPA Certified
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MRO Industrial
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Residential & Commercial Electrical Contractor
Residential Electrical Contractor Only
Service Work Only Electrical Contractor
Utility Companies & Co-Ops
The undersigned individual who is either a principal of the credit applicant or a sole proprietorship of the credit applicant, recognizing that his or her individual credit history may be a factor in the evaluation of the credit history of the applicant, hereby consents to and authorizes the use of a consumer credit report on the undersigned by the above named business credit grantor, from time to time as may be needed, in the credit evaluation process, and authorize the Trade References below to release information requested for the purpose of obtaining and / or reviewing credit. The undersigned further agrees that all amounts owed under this account shall be paid in accordance with the applicable invoice terms or any executed contract addendum.
I hereby authorize the trade references named below to release information requested for the purpose of obtaining and/or reviewing credit.
(No banks, utilities, credit cards or COD accounts accepted for trade references)
The undersigned agrees that each past due invoice will bear interest of 2% or is subject to bear interest at the maximum limit allowed by law, whichever is greater according to the invoice and/or contractual terms. In consideration of extending credit to the above applicant, the undersigned does hereby guarantee payment of the above account on demand.
The following Terms and Conditions apply to each and every sale conducted by Locke Supply Co. In the event of any conflict, contradiction, or ambiguity between these Terms and Conditions and any attachments or other writings, these Terms and Conditions shall prevail.
ARN 5%10thNT25 - Invoices will be due on the 25th of each month unless paid on or before or on the 10th of each month, which would allocate a 5% discount for all payments made save for credit and debit card payments. Invoices not paid on or before the due date are considered past due. All amounts due for purchases from Locke Supply Co. are payable at: P.O. Box 26128, Oklahoma City, OK 73126
This Agreement is entered into in the State of Oklahoma and shall be governed by the laws of the State of Oklahoma. Past due invoices shall bear interest at a rate of 2% per month or the maximum rate permitted by applicable law, whichever is less.
If this account is placed with an attorney or collection agency for collection, the Applicant agrees to pay all reasonable costs of collection, including court costs, recording fees, and reasonable attorney's fees. The Applicant also agrees to pay all reasonable expenses incurred by Locke Supply Co. in securing and enforcing its mechanics' lien rights in the event of nonpayment. All payments must be remitted in U.S. Dollars.
The Applicant authorizes Locke Supply Co. ("Secured Party") to file Uniform Commercial Code (UCC) financing statements and any amendments in any jurisdiction deemed appropriate. The Applicant waives the right to receive a copy of any such filing or verification statement.
Locke Supply Co. is not the manufacturer of the products it sells but acts solely as a distributor. Accordingly, Locke Supply Co. disclaims all liability for product performance and any direct, indirect, incidental, or consequential damages arising from the use or operation of such products. Any such liability rests solely with the manufacturer.
Delivery terms for materials delivered by Locke Supply Co. trucks are FOB Destination. Ownership of materials transfers to the Applicant upon delivery. Any claims for damage or shortage must be noted on the delivery receipt at the time of delivery.
Any invoice disputes must be reported promptly to the Credit Department:Email: email Email UsPhone: (405) 631-9756Mail: Locke Supply Co., Attn: Credit Department, P.O. Box 26128, Oklahoma City, OK 73126Invoices not disputed within sixty (60) days of the invoice date will be deemed valid and accepted. Payments received without remittance are subject to application of invoices oldest first.
Returns are not permitted without prior authorization from Locke Supply Co., except in cases of seller error. Authorized returns must be in good condition and are subject to a restocking fee to cover handling and service charges and expenses. Special-order or non-stock items are not eligible for return. A valid purchase receipt is required for all returns.
Locke Supply Co. reserves the right to revoke this ARN agreement if terms are not fulfilled by Applicant as outlined in this document. Applicant's Account in question is subject to COD terms.
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