IMPACT LIGHTING LIMITED

PO Box 20365, Hamilton.  59 Vickery Street, Te Rapa

Tele:  (07) 850 6030.  Fax:  (07) 850 6041.  Mobile:  021 712 265

Email:  scott@impactlighting.co.nz

ACCOUNT APPLICATION FORM

ENTITY DETAILS:

Applicant's Full Legal Name (i.e. not trading name): ................................................................................... (“the Customer”)

(Please tick)     Sole Trader o    Individual o    Partnership o    Ltd Company o    Other (please state): .................................................................

Trading as: ............................................................................................  Postal Address: .............................................................................................

Physical Address: .................................................................................. Email:..............................................................................................................

Nature of Business: ................................................................................ Years in Business:..........................................................................................

Telephone: ............................................................................  Fax: ........................................................  Date of Birth: ...............................................

Contact Name & Position: ...............................................................................................................................................................................................

OWNERSHIP please insert Owner(s) / Directors Name(s) in full

1:............................................................................................................ Address: .......................................................................................................

2:............................................................................................................ Address: .......................................................................................................

If LIMITED liability company - Address of Registered Office: ...............................................................................................................................

Date of Incorporation: ............................................  Incorporation No: ..........................................................................................................................

FINANCIAL & PROFESSIONAL ADVISORS

Shareholders Funds: .............................................................................  Paid Up: .......................................................................................................

Name of Accountant: ..............................................................................  Solicitor: ........................................................................................................

Bank:...................................................................................... Branch: ...................................................  Acct No: ......................................................

 

TRADE REFERENCES

Company                                        Contact Name                                          Phone Number                                     Account open since

1/.

2/.

3/.

General Description of Goods/Products/Services to be Provided: .....................................................................................................................

.......................................................................................................................................................................................................................................

I/We have read and agree to be bound by the terms and conditions of trade as printed overleaf or attached.  I/We warrant to Impact Lighting Limited that the above information is to the best of my/our knowledge, information and belief true and correct and that I/we am/are duly authorised to enter into this application and future contracts on behalf of the Customer.  I/we also acknowledge that pursuant to the personal guarantee contained in the terms and conditions of trade that, where relevant, I/we am/are also signing this application form in my/our personal capacity.

 

Signed ...........................................................................  Print Name ......................................................  Designation .................................................

 

Dated this ...........  day of .............................  20............

 


1.  DEFINITIONS

1.1   Impact Lighting” shall mean Impact Lighting Limited, or any agents or employees thereof.

1.2   Customer” shall mean the Customer, any person acting on behalf of and with the authority of the Customer, or any person purchasing products and services from Impact Lighting.

1.3   Products” shall mean:

1.3.1 all Products of the general description specified on the front of this agreement and supplied by Impact Lighting to the Customer; and

1.3.2 all Products supplied by Impact Lighting to the Customer; and

1.3.3 all inventory of the Customer that is supplied by Impact Lighting; and

1.3.4 all Products supplied by Impact Lighting and further identified in any invoice issued by Impact Lighting to the Customer, which invoices are deemed to be incorporated into and form part of this agreement; and

1.3.5 all Products that are marked as having been supplied by Impact Lighting or that are stored by the Customer in a manner that enables them to be identified as having been supplied by Impact Lighting; and

1.3.6 all of the Customer’s present and after-acquired Products that Impact Lighting has performed work on or to or in which goods or materials supplied or financed by Impact Lighting have been attached or incorporated.

1.3.7 The above descriptions may overlap but each is independent of and does not limit the others.

1.4   Products” shall also mean all products, goods, services and advice provided by Impact Lighting to the Customer and shall include without limitation the importing, wholesaleing, design and retail distribution of lighting products and systems and all associated products and services and all charges for labour, hire charges, insurance charges, or any fee or charge associated with the supply of Products by Impact Lighting to the Customer.

1.5   “Price” shall mean the cost of the Products as agreed between Impact Lighting and the Customer and includes all disbursements eg charges Impact Lighting pay to others on the Customer's behalf subject to clause 4 of this contract.

2.  ACCEPTANCE

2.1   Any instructions received by Impact Lighting from the Customer for the supply of Products shall constitute a binding contract and acceptance of the terms and conditions contained herein.

3.  COLLECTION AND USE OF INFORMATION

3.1   The Customer authorises Impact Lighting to collect, retain and use any information about the Customer, for the purpose of assessing the Customer’s credit worthiness, enforcing any rights under this contract, or marketing any Products provided by Impact Lighting to any other party.

3.2   The Customer authorises Impact Lighting to disclose any information obtained to any person for the purposes set out in clause 3.1.

3.3   Where the Customer is a natural person the authorities under clauses 3.1 and 3.2 are authorities or consents for the purposes of the Privacy Act 1993.

4.  PRICE

4.1   Where no price is stated in writing or agreed to orally the Products shall be deemed to be sold at the current amount as such Products are sold by Impact Lighting at the time of the contract.

4.2   The price may be increased by the amount of any reasonable increase in the cost of supply of the Products that is beyond the control of Impact Lighting between the date of the contract and delivery of the Products.

5.  PAYMENT

5.1   Payment for Products shall be made in full on or before the 20th day of the month following the date of the invoice (“the due date”).

5.2   Interest may be charged on any amount owing after the due date at the rate of 2.5% per month or part month.

5.3   Any expenses, disbursements and legal costs incurred by Impact Lighting in the enforcement of any rights contained in this contract shall be paid by the Customer, including any reasonable solicitor’s fees or debt collection agency fees.

5.4   Receipt of a cheque, bill of exchange, or other negotiable instrument shall not constitute payment until such negotiable instrument is paid in full.

5.5   Discounts against list price are only authorised when the account is paid by the due date.  Any discount given against a specific order does not bind or oblige Impact Lighting to give a similar discount or varied discount on any future order.

6.  QUOTATION

6.1   Where a quotation is given by Impact Lighting for Products:

6.1.1 Unless otherwise agreed the quotation shall be valid for thirty (30) days from the date of issue; and

6.1.2 The quotation shall be exclusive of goods and services tax unless specifically stated to the contrary;

6.1.3 Impact Lighting reserve the right to alter the quotation because of circumstances beyond its control.

6.2   Where Products are required in addition to the quotation the Customer agrees to pay for the additional cost of such Products.

7.  RISK

7.1   The Products remain at Impact Lighting’ risk until delivery to the Customer.

7.2   Delivery of Products shall be deemed complete when Impact Lighting gives possession of the Products directly to the Customer or possession of the Products is given to a carrier, courier, or other bailee for purposes of transmission to the Customer.

7.3   The time agreed for delivery shall not be an essential term of this contract unless the Customer gives written notice to Impact Lighting making time of the essence.  Delivery date where specified is subject to Impact Lighting suppliers stock levels and/or productions schedules and accordingly Impact Lighting reserve the right to alter delivery dates.

8.  AGENCY

8.1   The Customer authorises Impact Lighting to contract either as principal or agent for the provision of Products that are the matter of this contract.

8.2   Where Impact Lighting enters into a contract of the type referred to in clause 8.1 it shall be read with and form part of this agreement and the Customer agrees to pay any amounts due under that contract.

9.  TITLE AND SECURITY (PERSONAL PROPERTY SECURITIES ACT 1999)

9.1   Title in any Products supplied by Impact Lighting passes to the Customer only when the Customer has made payment in full for all Products provided by Impact Lighting and of all other sums due to Impact Lighting by the Customer on any account whatsoever.  Until all sums due to Impact Lighting by the Customer have been paid in full, Impact Lighting has a security interest in all Products.

9.2   If the Products are attached, fixed, or incorporated into any property of the Customer, by way of any manufacturing or assembly process by the Customer or any third party, title in the Products shall remain with Impact Lighting until the Customer has made payment for all Products, and where those Products are mixed with other property so as to be part of or a constituent of any new Products, title to these new Products shall deemed to be assigned to Impact Lighting as security for the full satisfaction by the Customer of the full amount owing between Impact Lighting and Customer.

9.3   The Customer gives irrevocable authority to Impact Lighting to enter any premises occupied by the Customer or on which Products are situated at any reasonable time after default by the Customer or before default if Impact Lighting believes a default is likely and to remove and repossess any Products and any other property to which Products are attached or in which Products are incorporated.  Impact Lighting shall not be liable for any costs, damages, expenses or losses incurred by the Customer or any third party as a result of this action, nor liable in contract or in tort or otherwise in any way whatsoever unless by statute such liability cannot be excluded.  Impact Lighting may either resell any repossessed Products and credit the Customer’s account with the net proceeds of sale (after deduction of all repossession, storage, selling and other costs) or may retain any repossessed Products and credit the Customer’s account with the invoice value thereof less such sum as Impact Lighting reasonably determines on account of wear and tear, depreciation, obsolescence, loss or profit and costs.

9.4   Where Products are retained by Impact Lighting pursuant to clause 9.3 the Customer waives the right to receive notice under s.120 of the Personal Property Securities Act 1999 (“PPSA”) and to object under s.121 of the PPSA.

9.5   The following shall constitute defaults by the Customer:

9.5.1 Non payment of any sum by the due date.

9.5.2 The Customer intimates that it will not pay any sum by the due date.

9.5.3 Any Products are seized by any other creditor of the Customer or any other creditor intimates that it intends to seize Products.

9.5.4 Any Products in the possession of the Customer are materially damaged while any sum due from the Customer to Impact Lighting remains unpaid.

9.5.5 The Customer is bankrupted or put into liquidation or a receiver is appointed to any of the Customer’s assets or a landlord distains against any of the Customer’s assets.

9.5.6 A Court judgment is entered against the Customer and remains unsatisfied for seven (7) days.

9.5.7 Any material adverse change in the financial position of the Customer.

9.6   If the Credit Repossession Act applies to any transaction between the Customer and Impact Lighting, the Customer has the rights provided in that Act despite anything contained in these terms and conditions of trade.

10.               PAYMENT ALLOCATION

10.1    Impact Lighting may in its discretion allocate any payment received from the Customer towards any invoice that Impact Lighting determines and may do so at the time of receipt or at any time afterwards and on default by the Customer may reallocate any payments previously received and allocated.  In the absense of any payment allocation by Impact Lighting, payment shall be deemed to be allocated in such manner as preserves the maximum value of Impact Lighting’s purchase money security interest in products.

11.               DISPUTES

11.1    No claim relating to Products will be considered unless made within fourteen (14) days of delivery.

12.               RETURN OF GOODS

12.1    The Customer shall be deemed to have accepted the Products  provided unless the Customer notifies Impact Lighting otherwise within three (3) days of delivery of the Products to the Customer.

12.2    No Products will be accepted for return by Impact Lighting without prior approval of Impact Lighting.  Products accepted for return will be surcharge to a handling fee of 10% within ten (10) days of delivery or 20% if within thirty (30) days of delivery.  Non-standard Products or customised Products will be subject to a handling fee of 30%.  Specially designed Products for manufacture will not be credited nor will cancellation of an order for such Products be accepted by Impact Lighting unless the Customer agrees to pay all costs incurred by Impact Lighting up to the time Impact Lighting are advised of a cancellation.

13.               LIABILITY

13.1    The Consumer Guarantees Act 1993, the Fair Trading Act 1986 and other statutes may imply warranties or conditions or impose obligations upon Impact Lighting which cannot by law (or which can only to a limited extent by law) be excluded or modified.  In respect of any such implied warranties, conditions or terms imposed on Impact Lighting, Impact Lighting’s liability shall, where it is allowed, be excluded or if not able to be excluded only apply to the minimum extent required by the relevant statute.

13.2    Except as otherwise provided by clause 13.1 Impact Lighting shall not be liable for:

13.2.1           Any loss or damage of any kind whatsoever including consequential loss whether suffered or incurred by the Customer or another person and whether in contract or tort (including negligence) or otherwise and irrespective of whether such loss or damage arises directly or indirectly from Products provided by Impact Lighting to the Customer; and

13.2.2           The Customer shall indemnify Impact Lighting against all claims and loss of any kind whatsoever however caused or arising and without limiting the generality of the foregoing of this clause whether caused or arising as a result of the negligence of Impact Lighting or otherwise, brought by any person in connection with any matter, act, omission, or error by Impact Lighting its agents or employees in connection with the Products.

14.               WARRANTY

14.1    Manufacturer’s warranty applies where applicable.

14.2    Any written warranty that Impact Lighting provide to the Customer will also form part of these terms and conditions of trade.

15.               CONSUMER GUARANTEES ACT

15.1    The guarantees contained in the Consumer Guarantees Act 1993 are excluded where the Customer acquires Products from Impact Lighting for the purposes of a business in terms of section 2 and 43 of that Act.

16.               PERSONAL GUARANTEE OF COMPANY DIRECTORS OR TRUSTEES

16.1    If the Customer is a company or trust, the director(s) or trustee(s) signing this contract, in consideration for Impact Lighting agreeing to supply Products and grant credit to the Customer at their request, also sign this contract in their personal capacity and jointly and severally personally undertake as principal debtors to Impact Lighting the payment of any and all monies now or hereafter owed by the Customer to Impact Lighting and indemnify Impact Lighting against non-payment by the Customer.  Any personal liability of a signatory hereto shall not exclude the Customer in any way whatsoever from the liabilities and obligations contained in this contract.  The signatories and Customer shall be jointly and severally liable under the terms and conditions of this contract and for payment of all sums due hereunder.

17.               CANCELLATION

17.1    Impact Lighting shall, without any liability, and without any prejudice to any other right it has in law or equity, have the right by notice to suspend or cancel in whole or in part any contract for the supply of Products to the Customer if the Customer fails to pay any money owing after the due date or the Customer commits an act of bankruptcy as defined in section 19 of the Insolvency Act 1967.

17.2    Any cancellation or suspension of this agreement shall not affect Impact Lighting’s claim for money due at the time of cancellation or suspension or for damages for any breach of any terms of this contract or the Customer’s obligations to Impact Lighting under this contract.

18.               MISCELLANEOUS

18.1    Impact Lighting shall not be liable for delay or failure to perform its obligations if the cause of the delay or failure is beyond its control. 

18.2    Failure by Impact Lighting to enforce any of the terms and conditions contained in this contract shall not be deemed to be a waiver of any of the rights or obligations Impact Lighting has under this contract.

18.3    If any provision of this contract shall be invalid, void or illegal or unenforceable the validity existence, legality and enforceability of the remaining provisions shall not be affected, prejudiced or impaired.

18.4    The client shall not assign all or any of its rights or obligations under this contract without the written consent of Impact Lighting.