We/I certify that all the information given in this application are complete and accurate. We/I authorize Robinsons Handyman, Inc. (RHMI) to obtain information concerning any statement made herein.
We/I acknowledged that we/I have read the terms and conditions governing the RHMI Corporate Account written in this application form and agree to abide by the same.
1. The ACCOUNT – refers to the credit privileges provided by Robinsons Handyman Inc./Waltermart Handyman Inc./Handyman Expressmart Inc., on all its stores and Handyman Do It Best stores operated by RHI Builders and Contractors Depot Inc. only, referred as “Handyman Group”, in favor of the company-applicant allowing the latter to purchase on credit from any Handyman Group branch and charging and entering the same therein. Grant and use of the privilege in the account is subject to the sole discretion of Handyman Group which may be withdrawn at any time and for whatever reason;
2. CREDIT LIMIT - r e f e r s to the maximum amount that the company-applicant may use to purchase on credit and to be charged to the Account subject to the payment schedule and guidelines as indicated herein and to be provided by Handyman Group from time to time at its sole discretion;
3. PAYMENT OF PURCHASES – All purchases made by the company-applicant between the 1 st to 15th of the month shall be paid on the 15th day of the following month while purchases made between the 16th to the 30th/31st of the month shall be paid on the 30th or 31st day of the following month. Payments shall be made at any Handyman Group branches.
4. PENALTY & INTEREST CHARGES – Any amount that remains outstanding after its due date shall be charged with 14% p.a. interest, 4% per month penalty and liquidated damages equal to 25% of the amount due but in no case be less than Php50.00. In addition, thereto, any default in payment shall entitle Handyman Group to suspend the Account of the company-applicant immediately even without prior notice and reinstatement of the same shall be subject to the sole discretion of Handyman Group;
5. TERM – The credit accommodation granted to the company-applicant is valid for one (1) year period upon approval of the application subject to renewal for another like period provided that the company-applicant renews the same by filling out a new application and submitting the same to any Handyman Group stores at least thirty (30) days from the date of term expiry. No Account shall be renewed unless a new application form is submitted;
6. MODIFICATION, TERMINATION & SUSPENSION OF ACCOUNT – Handyman Group reserves the right to solely terminate and suspend the Account without prior notice and for whatever reason without incurring liability to the company-applicant. In such a case, all obligations in the Account shall become immediately due and demandable and subject to the provision of condition number 4 hereof at the sole discretion of Handyman Group. Likewise, Handyman Group reserves the right to solely decrease or increase the Credit Limit granted to the company-applicant at any time and for whatever reason and even without prior written notice. By virtue of this provision, the company-applicant hereby holds Handyman Group, its stockholders, officers and employees free and harmless from any and all claims and liabilities arising from such modification of the Credit Limit and/or termination or suspension of the Account;
7. GENERAL PROVISION – Handyman Group reserves the right to issue and/or revoke any existing and future conditions relative to the treatment of the Account at any time and any such new issuances shall form part of the terms and conditions hereof to which the company-applicant hereby acknowledges. Failure of Handyman Group to require or enforce the performance of any provision hereof or any future issuances or to act accordingly in case of breach of any of the provision hereof shall not in any manner be construed as a waiver of the right to require or enforce the same or be held to be a waiver of any succeeding breach of any provision, or a waiver of the provision itself. Should Handyman Group be forced to litigate by reason of this Agreement, company-applicant hereby agrees to pay Twenty-Five percent (25%) of the total amount due as liquidated damages and another Twenty-Five percent (25%) of the total amount due as Attorney’s fees, but in no case be less than Php500.00, plus cost of suit. Any action arising from this Agreement shall be brought before the proper court in Quezon City to the exclusion of all other venues.
