Credit Application

Terms and Conditions

In consideration of buying asphalt materials on open account from Healy Asphalt Company, LLC (“Healy”), Customer agrees to pay for all monthly purchases before the end of the month following receipt of Healy’s invoice with interest accruing on over due balances at the rate of 1.5% per month. Customer agrees that any dispute between Healy and Customer shall be submitted to binding arbitration under the jurisdiction of the American Arbitration Association, Construction Industry Rules or ADR Systems of America, LLC (only one arbiter), in the exclusive discretion of Healy. The exclusive venue for all arbitration proceedings shall be at the office of Healy, 1445 Oakton Street, Elk Grove Village, Illinois. Customer agrees to pay all costs incurred by Healy to collect overdue balances from Customer, including arbitration, expert witness, and reasonable attorney’s fees. Customer agrees to provide its purchaser with a sworn Contractor’s Statement listing Healy as the supplier of asphalt and listing the value of the asphalt materials. Customer shall provide Healy, upon request, with the address and location of the job where the asphalt is being delivered and the name of the party purchasing said asphalt materials.