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SHIP TO: |
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ADDRESS |
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| THE FOLLOWING
MUST BE COMPLETED BY OWNERS, PARTNERS, OR OFFICERS |
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| AUTHORIZATION: To induce EMR to extend a
line of credit for purchases under credit sales terms as stated on invoices, we
authorize you to contact the banks and trade references listed below. We also
understand that this information will be held in strict confidence and will be
used solely for the consideration of extension of credit.
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| BANK REFERENCE:
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| TRADE REFERENCES: (Suppliers Only - 4 references
are required to process your credit application)
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| CREDIT TERMS AND CONDITIONS:
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| All invoices are due 30 days from invoice date with no discount.
This credit application is valid for a period not to exceed 2 years from
approval date. Credit can be withdrawn at any time for violation of the stated
credit terms. Upon failure of applicant to pay any indebtedness to EMR when
due, the entire balance may be declared in default and immediately due and
payable upon demand. Applicant agrees to pay any and all attorney fees, court
costs, collection agency fees, etc. incurred in the collection of said account.
Applicant also agrees to pay interest at the rate of 1.5% per month on all past
due balances.
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| PERSONAL UNCONDITIONAL GUARANTEE
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| In consideration for the extension of credit by The Electric Motor
Repair Company, the undersigned guarantor individually, jointly, severally and
unconditionally guarantees the prompt payment of all sums for which applicant
becomes indebted to The Electric Motor Repair Company.
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| Agreed By:
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