| Bobco Salesperson: _______________________________________
|
|
| Firm Name: __________________
|
Phone: ( )_____________
|
| Address: _________________________
|
City:____________ Zip:________
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| Type of Business: _______________
|
Resale# ________________
|
| Years in Business:_______
|
Fax No: ( ) ___________
|
| Ownership:
( ) Corp. (
) Partnership (
) Individual
|
|
| Principals: Name
Position
|
Residence
|
| 1. ________________________ __________________ | ______________________________________ |
| 2. ________________________ __________________ | ______________________________________ |
| 3. ________________________ __________________ | ______________________________________ |
| 4. ________________________ __________________ | ______________________________________ |
| Please provide a list of Major Suppliers
you have open credit accommodations with:
|
|
| Phone Supplier Name | Street Address City & State Zip Code |
|
___________________________________________________________________________________________ ___________________________________________________________________________________________ ___________________________________________________________________________________________ ___________________________________________________________________________________________ |
|
| Name of Bank:_____________________
|
Acct #:_________
|
| Contact Person:____________________
|
Address: _____________
|
| Do you have Comm. Loan on this Bank? ____
|
Other Banks? ___________
|
| Do any of your suppliers/banks have security
interest in any of your assets at this time? __________
|
|
| How much is your total estimated monthly
purchases from all sources? _________________
|
|
| How much will be your estimated purchases
from BOBCO? _________________
|
|
|
|
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| Credit Agreement: In consideration
for credit which may be granted by any division or subsidiary of BOBCO,
and or (Collectively "Bobco") it is specifically agreed that all goods
sold by Bobco to Applicant are sold and purchased pursuant to the terms
and conditions set forth on the front and back of Bobco's printed invoices.
In the event of a conflict between the terms and conditions on the Invoices
and those in this Agreement, the provisions of this Agreement shall be
controlling. It is specifically agreed that any past due balance shall
be paid by applicant or by Guarantee(s) at Bobco's office in Los Angeles,
California.
Personal Guaranty: I/We sign this Credit Application and Credit Agreement on behalf of Applicant, and, as an Individual(s), jointly and severally, personally guaranty payment of all present and future indebtedness of Applicant to Bobco and waive all notices from Bobco and waive the right to require Bobco to proceed against Applicant. I/We also agree that our personal liability hereunder shall not be deemed to be released or discharged by any extension of time; by any other modification, substitution, settlement, supplement, or compromise granted to applicant; by any change in the legal form or ownership of Applicant; or any change whatsoever in the business relationship between Bobco and Applicant including but not limited to any change in credit terms, amount of credit, or amount of interest charged on past due accounts, or by the transfer of new or additional security by applicant or the undersigned to Bobco. Liability under this Guaranty shall not be released or terminated by Bobco's failure to exercise diligence in enforcing its rights against Applicant. This is an absolute and continuing Guaranty. Certification and Notices: I/We certify that everything stated on this application, and/or attachment is true to the best of my/our knowledge. All good invoiced to Applicant by Bobco shall be sold in reliance upon the information contained therein, or attached to this document. Notice of any change would limit or terminate Applicant's or Guarantor's liability to Bobco in writing by certified, return receipt requested mail, addressed to: Past Due Accounts: Any action to collect past due balances or to enforce the Personal Guaranty, must be filed in the Los Angeles Court, the Los Angeles Superior Court of the Federal District Court in Los Angeles. In the event of a default in payment of the Applicant's account with Bobco, Bobco shall be entitled to all costs incurred. Costs shall include but not limited to: (1) Attorney's fee in the amount of %25 of the unpaid principal balance as of the date of default; (2) Interest at the maximum rate allowed by law on a commercial loan. If, for any reason, the provision regarding attorney's fee is deemed unenforceable, then, costs shall include reasonable attorney's fee. |
|
| _____________________________________________
Name |
_____________________________________________
Name |
| _____________________________________________
Date Signature |
_____________________________________________
Date Signature |
| _____________________________________________
Name |
_____________________________________________
Name |
| _____________________________________________
Date Signature |
_____________________________________________
Date Signature |