October 21, 2018
APPLICATION FOR CREDIT WITH SHAWNDRA PRODUCTS, INC.
Firm Name: ______Date: ______
Shipping Address: ______
City/State: ______Zip: ______
Telephone: ______Fax: ______
Billing Address: ______
Indicate Nature Of Business: ______
Date Established: ______D&B#: ______Federal Tax ID#: ______
Ownership: ( ) Sole Proprietorship ( ) Partnership ( ) Corporation
( ) Division of ______( ) Subsidiary of ______
Type of Account : ( ) Distributor ( ) Original Equipment Mfg.
( ) Other-Explain______
If Incorporated, year incorporated and what state? ______
Name(s) of owners or officers: ______
President: ______Vice President: ______
Accounts Payable Contact: ______Telephone#: ______
Persons Eligible to Purchase, please also list their positions: (use separate sheet if req’d.)
______
Credit Requested: ______, per ( ) Month ( ) Quarter ( ) Year
Bank Name: ______Checking Account # ______
Address: ______City/State: ______
Zip: ______Telephone: ______Contact: ______
Major Trade References:Give Full Address & Telephone/Fax #'s
1. ______
2. ______
3. ______
4. ______
Application for credit is hereby made and references given. It is understood that the information will be held in strict confidence and used only by your credit department. You may contact any or all references listed to verify this information. I (we) agree by all terms and conditions of sale. I (we) agree to pay Interest at the rate of 1.5% per month on any past due balances and to pay any attorney and collection fees necessary to collect any unpaid balance.
Authorized Signature:______, Title______
Both Pages of This Form Should be Completed.
GUARANTEE AGREEMENT
The undersigned hereby jointly and severally guaranty to Shawndra Products, Inc. ("Seller") the payment when due of all indebtedness now existing or which may hereafter arise by reason of goods and/or services sold and/or delivered by Seller to the applicant listed on Page 1 of this guaranty (hereinafter called "Purchaser"). This guaranty is given in order to induce Seller to extend credit to Purchaser. Seller is unwilling to extend credit or continue to extend credit to Purchaser without a guaranty, and for extend other good and valuable consideration, including without limitation financial accommodations given Seller to Purchaser in the past.
This guaranty shall continue until Seller received written notice of cancellation of this guaranty by registered or certified mail signed by the undersigned. Any cancellation notice shall not, however, affect any liability on any transaction covered by this guaranty before the cancellation is received.
The undersigned hereby jointly and severally also agree to waive; notice of acceptance of this guaranty; notice of presentment, demand for payment or notice of protest of any of Purchaser's obligation; and all defenses, offsets or counterclaims may have against Purchaser or Seller. The undersigned also agrees to pay reasonable attorney's fees, costs and disbursements incurred by Seller in enforcing this guaranty.
If Seller receives any payments on the guaranteed indebtedness that is subsequently invalidated, set aside or avoided and/or required to be paid to a trustee or receiver, then the undersigned's obligations shall be reinstated and this guaranty shall remain in full force and effect with regard to such payments.
The undersigned also waives all subrogation rights that is has or may have against Purchaser or its property.
The undersigned jointly and severally agree that Seller may, without notice, extend in whole or part, the time of payment of any indebtedness owing the Purchaser to it or renew or modify any agreement with Purchaser without affecting the obligation of undersigned.
This guaranty is being signed by the undersigned in his individual capacity. Any descriptive terms placed after the undersigned's name shall not affect his personal liability hereunder. All words in the gender when the context and construction so require. Any action on this guaranty shall be venued in Livingston County, New York.
This is the total agreement of the Parties and can only be modified in a writing signed by Seller and the undersigned.
Signature: ______Date: ______
Print Name: ______
Address: ______
Signature: ______Date: ______
Print Name: ______
Address: ______
Please Note: Before we are able to process any orders for your Company, we have to establish an open account for your Company, we require that you fill out our creditapplication & return it to us. We insure our receivables through American Credit Indemnity and this credit application is a requirement of ACI . If you would prefer to place orders before we are able to process this credit application, we are able to process your orders "Cash in Advance" or major credit cards.