Required for Proprietorships and Partnerships. Recommended for Corp. & LLC in Business less than 3 years. Application information may be used to obtain a personal credit report from a Consumer Reporting Agency
The information as set forth above is furnished for the purpose of requesting JC Licht, LLC (hereinafter called the Company) to grant and extend me/us credit for the purchase of merchandise on your open account terms. The undersigned acknowledges that this account is for commercial purposes and not for personal, household, or family purposes.
The undersigned agree(s), jointly and severally, to pay any and all sums that may become payable under this account for merchandise sold to the applicant or to any person with apparent authority to utilize this account, unless notified to the contrary in writing by the applicant according to the following terms of this Company: Payment terms are net end of following month from date of purchase. All past due balances are subject to interest of 1 1/2% per month (18% annual percentage rate). This credit application shall remain in full force and effect unless the undersigned notify, in writing, of any change, including but not limited to changes in credit information of any type, business ownership, bank references and the like.
The undersigned agrees to pay collection fees and/or reasonable attorney’s fees of 33 1/3% of the outstanding balance of this account, plus all costs of collection, to include court cost and all expenses (except where prohibited by law) in the event collection becomes necessary. The undersigned further agree that any controversy or claim arising out of or relating to these credit terms or breach thereof shall be brought in the appropriate court. A facsimile copy of this document will have the same force and effect as the original document.
The applicant, guarantors and others from time to time obligated under this account hereby jointly and severally waive and renounce the benefit of homestead and all other exemption rights as against this indebtedness or any renewal or extension hereof; and further waive demand, protest, notice of protest, presentment for payment, notice of dishonor and all defenses on the ground of extension of time for payment hereof (except where prohibited by law). This credit application shall remain in full force and effect until the Company shall have received written notice to create no further transactions under the terms and conditions of this credit application. A certified mail receipt for such notification shall be conclusive evidence of the said receipt of such notice.