The following Terms and Conditions of Sale (the “Agreement”) cover any sale of equipment or materials (“Products”) by Iluminar Inc. to Purchaser (the “Customer”).
Iluminar Inc. sale of Products is subject to Iluminar Inc.’ credit approval of Customer. Iluminar Inc. may require at any time that Customer submit a deposit or other form of security. Customer hereby authorizes all banks and suppliers listed in the Credit Application to release information necessary to assist Iluminar Inc. in the establishment of a line of credit for Customer.
The submission of an Order by the Customer and its acceptance by Iluminar Inc. is Iluminar Inc.’ agreement to provide, and Customer’s agreement to accept and pay for, Products in accordance with these terms and conditions.
All prices are exclusive of taxes. Except for taxes on Iluminar Inc.’ income, Customer will pay all taxes, including, but not limited to sales, use property, gross receipts, excise, VAT, bypass or other local, state or federal taxes or charges imposed on the provision of Products or Services. Customer will provide Iluminar Inc. with a tax exemption certificate acceptable to the taxing authorities. A valid tax exemption, resale, or tax nexus must be provided for tax exemption based on the tax requirements of the ship-to state. In the absence of a tax exemption certificate, taxes will be charged and payable until a valid tax exemption certificate is on file.
Customer will pay Iluminar Inc.’ invoices in full in U.S. currency within 30 days of the invoice date. Failure to make payment of amounts past due within 10 days following Iluminar Inc.’ written notice of non-payment may, at Iluminar Inc.’ option, result in immediate termination of the Agreement or Order. If Customer fails to pay charges for Products when due, Customer will pay interest on those charges equal to the lesser of 1.5% per month or the maximum rate allowed by law. Delinquent account balances are subject to placement for collection, and Customer will pay any reasonable expenses incurred by Iluminar Inc. for such collection activities.