United Prairie, LLC - Credit Policy

1. All terms of sale are net upon invoice due date. All product and services will be invoiced by close of financial month end.
2. A monthly statement will be sent by the 5th day after financial month end. A finance charge will be assessed on any balance remaining unpaid after the 15th day of the month following the invoice due date. The finance charge will be assessed at the periodic rate of 2.0%, which is an annual percentage rate of 24%. Fall purchases will be due on on Jan 10th and Spring purchases will be due on June 15th. All other purchases will have terms of 30 days after invoice date.
3. All new Customers must complete a Credit Application. Any customers that have become past due must also complete a credit application.
4. United Prairie will deny the purchase of products and services on credit if an account is delinquent.
5. United Prairie reserves the right to limit the amount of credit on any account and to terminate further extension of credit in the case of delinquency.
6. United Prairie reserves the right to modify its Credit Policy from time to time and shall notify its customers of any change which applies to future customer dealings.
7. Customer is considered the agent of the Landlord for all purposes as to any purchases or request for services made by any Tenant, and both Tenant and Landlord shall be bound by the terms of this Credit Agreement and the Credit Policy of United Prairie.
8. Any oral or written order given by the grower for work to be completed shall be binding on both the grower and any landlord.
9. United Prairie reserves all its legal or equitable remedies with regard to collecting any sums owed by customer or guarantor. Customer, including both grower and landlord, and any Guarantor shall be responsible for all costs of collection of any account created under this Credit Agreement, including reasonable attorney’s fees and court costs.