Credit Program Terms and Conditions

1. An application is not an approval

Submitting a credit application does not establish a credit account and does not create any obligation to extend credit. Each credit limit and each set of payment terms is individually underwritten and becomes effective only when confirmed by GDI in a written approval.

The credit limit requested in the application is shown for underwriting reference only. GDI makes no promise of any minimum or maximum approved amount, and the approved amount may be higher, lower, or zero.

2. Requested terms and controlling terms

Net 30 is GDI's standard requested baseline only. The payment terms stated in GDI's written approval and on each invoice control and may be Due on receipt, Net 15, Net 30, or Net 45.

Where a written approval and an invoice conflict as to payment terms, the written approval controls unless GDI states otherwise in writing.

3. Invoices, due dates, and disputes

Undisputed invoice amounts are due in full according to the approved terms measured from the invoice date. All payments are due in United States dollars.

Invoice disputes must be submitted in writing within 15 days of the invoice date, identifying the invoice and the disputed amount and the basis for the dispute. Amounts not disputed in writing within that period are treated as undisputed.

4. Late charges and returned payments

A late charge may be assessed on past-due undisputed amounts at the lesser of 1.5% per month (18% annualized, calculated as simple, noncompounding interest) or the maximum rate permitted by applicable law.

A returned payment fee may be assessed at the lesser of $35 per returned item or the maximum amount permitted by applicable law.

5. Taxes, freight, and other charges

Invoiced amounts may include applicable sales, use, and excise taxes, freight and handling, and other charges agreed in writing or stated on the accepted quotation or invoice. The customer is responsible for providing valid resale or exemption certificates where an exemption is claimed.

6. Prospective changes to a credit account

GDI may suspend, reduce, or revoke a credit limit or payment terms prospectively on notice for default, material breach, materially inaccurate information, or deterioration in the customer's credit condition or payment performance.

Any such change applies prospectively only. It does not retroactively alter obligations that have already accrued on invoices issued before the change takes effect.

7. Collection costs

Where permitted by applicable law, the customer is responsible for reasonable costs of collection of past-due undisputed amounts, including reasonable attorneys' fees and court costs actually incurred. GDI makes no representation that any particular amount of fees or costs is recoverable, and recovery is limited to what applicable law permits.

8. No personal guaranty

No personal guaranty is created by the application or by these Credit Program Terms and Conditions, and no individual assumes personal liability for the customer's obligations under them. Any guaranty would require a separate written guaranty agreement signed by the guarantor.

9. Partner-issued credit

Where a participating insurer, underwriter, factor, or bank is the creditor for a transaction, that partner's own written approval and account agreement control the credit relationship, and the customer's obligations run to that partner as stated in those documents.

GDI does not promise or provide insurance coverage to the customer, and any trade-credit or receivables insurance held by GDI exists for GDI's benefit only.

10. Notices, assignment, and waiver

Notices to GDI under these terms must be sent to GDI Credit Department, 3040 Post Oak Blvd, Houston, TX 77056, or to michealslouis@generaldisposables.com. Notices to the customer may be sent to the company email or company address of record.

The customer may not assign its credit account or its obligations without GDI's prior written consent. GDI may assign its rights, including receivables, to a partner, factor, insurer, or successor.

No delay or failure to enforce a provision is a waiver of it, and no waiver is effective unless in writing.

11. Severability, governing law, and venue

If any provision of these terms is held unenforceable, that provision will be limited or severed to the minimum extent necessary and the remaining provisions will remain in full force.

These terms are governed by the laws of the State of Texas, without regard to conflict-of-laws principles, and the exclusive venue for any dispute arising from or relating to them is a state or federal court located in Harris County, Texas. This paragraph is subject to any applicable law that cannot be waived by agreement.