CREDIT APPLICATION AND AGREEMENT, CONT,
The undersigned certifies that the above information given for credit purposes is true and correct and authorizes the “Company,” “us,” or our assigns and any
credit bureau or other investigative agency to investigate the references, statements or other data listed or accompanying this application from the date of this
application until any unpaid sums owed the lender are paid in full. The undersigned authorizes all parties to release credit and financial information
requested as part of said investigation. The undersigned agrees to our payment terms which are: PAYMENT OF STATEMENT IN FULL IS DUE WITHIN
30 DAYS OF INVOICE DATE UNLESS OTHERWISE NOTED AS DUE UPON DELIVERY. Interest of the lesser of two percent (2%) per month or the
legally allowed limit which will be applied to the unpaid balance from the billing date including post-judgment, together with all costs, expert witness fees,
and reasonable attorneys’ fees and any other costs or expenses of collection, incurred in collecting these amounts. This authorization cannot be revoked if
any moneys are owed to us. We also agree that this credit application and agreement shall be enforced and construed pursuant to the laws of the state of
Company’s choosing. Any claims that arise out of the manufacture, sale, use, operation, maintenance, or repair of any parts or equipment sold under this
agreement, or out of any services provided under this agreement, shall be brought in state, city and court of Company’s choosing.
SIGNATURE: _______________________________________
PRINTED NAME: ____________________________________
TITLE: _____________________________
DATE: ___________________
WITNESS SIGNATURE: ________________________________
WITNESS NAME: ______________________________________
ADDRESS: ____________________________________________
CONTACT PHONE: (____) _____________________
PERSONAL GUARANTY
In consideration for us (“Creditor”) extending credit to ______________________ (“Company”) on or after this date, the undersigned guarantor (s)
(“Guarantors”), jointly and severally, hereby personally guarantee unconditionally the prompt payment of any sums or obligations which are now or shall hereafter
become due and owing by the Company to Creditor. It is understood and agreed that credit, if extended, is to be on a continuing basis, and Creditor shall not be
obligated to notify the Guarantors of the dates or amounts of any such credit, that the Guarantors waive demand and notice of default and agree that any extension
of time or other forbearance which may be granted by Creditor shall not affect or alter Creditor’s right under this guaranty.
The Guarantors for themselves and the above-named Company further agree to pay a service charge equal to the lesser of two percent (2%) per month or the legally
allowed limit on all past-due, including post-judgment, balance as well as all costs and expenses Creditor may incur in connection with the collection of any past due
balance or any other default by the Company on any agreement or transaction the Company may enter into with Creditor including, without limitation, reasonable
attorney’s fees, expert witness f
ees, and all other costs of collection. The Guarantors for themselves and the Company understand and agree that in signing this
guaranty, they are submitting themselves to the jurisdiction of Company’s choice of state or city and its courts and, in the event that litigation arises between the
Creditor and the Company and/or any of the Guarantors and at the sole option of the Creditor, jurisdiction will be appropriate in the state of Company’s choosing and
venue proper in the county of Company’s choosing.
This obligation of the Guarantors shall remain effective and be enforceable regardless of any subsequent incorporation, reorganization, merger, or consolidation
of the Company or any other change in the composition, nature, personnel or location of the Company. This guaranty shall insure to the benefit of Creditor, its
successors and assigns and shall bind the heirs, executors, personal representative, administrators and other successors of the Guarantors.
_____________________________________________
Signature of Guarantor (no titles)
_____________________________________________
Name of Guarantor (please print)
_____________________________________________
Residential Address
_____________________________________________
Home Phone Number
_____________________________________________
Date
_____________________________________________
SSN
_____________________________________________
Signature of Guarantor (no titles)
_____________________________________________
Name of Guarantor (please print)
_____________________________________________
Residential Address
_____________________________________________
Home Phone Number
_____________________________________________
Date
_____________________________________________
SSN
Credit Application rev. 201508
Page 2 of 2
4601 Washington Blvd.
Baltimore, Maryland 21227
SUBMIT COMPLETED APPLICATION TO:
SCAN & EMAIL: AccountsReceivable@mcclung-logan.com
or
FAX:
410
242-7835
