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The Company hereby applies to Plant Products for
extensions of credit on the usual trade terms of Plant Products from time to time in force to enable the
Company to acquire products from Plant Products. Nothing
herein shall bind Plant Products to extend credit or to
sell products to the Company.
For value received, the Company hereby agrees to pay to Plant Products all indebtedness, liabilities and obligations
of the Company owed to Plant Products from time to time,
together with interest and other sums owing pursuant thereto
(collectively, the "Obligations"). All Obligations shall be paid
by the Company without any right of deduction, set-off,
compensation, counter-claim or other defense. For accounts past
due, interest shall be charged at 18% per annum.
The Company hereby represents and warrants to Plant Products that:
(a) it is validly existing and has full right, power and
authority to enter into this agreement and to perform its rights
and obligations hereunder;
(b) it has the financial ability and willingness to pay for all
invoices issued by Plant Products within established
terms; and
(c) all information supplied by the Company for this credit
application, including without limitation the Company's legal
name, is true and correct, and the Company will immediately notify Plant Products in writing of any change in such information.
The Company hereby authorizes Plant Products to make
investigations of its credit standing for which this application
has been made, as deemed necessary by Plant Products
This Agreement shall be governed by the laws of the Province of
Ontario. |
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