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(Please read
before signing and faxing)
In consideration
of acceptance of this application, applicant may obtain our products
subject to the following terms and conditions:
- The Applicant
agrees to pay for all purchases charged to the account upon
receipt of statement.
- The Applicant
agrees that a Service Charge of 1 1/2% per month (19.56% per
year, compounded monthly will be applied to all past due amounts.
The applicant also agrees that this charge does not relieve
the applicants obligation of paying for purchased when due.
- The Applicant
agrees that charge account privileges may be cancelled at any
without notice.
- The Applicant
understands that this is a Credit Application and as such agrees
to authorize inquires into the Applicants credit standing either
by direct communication or through Credit Reporting Bureau.
The Applicant states that the information contained in this
application is true and valid and that the applicant has signing
authority. It is also understood that if this application for
credit is accepted, the applicant agrees to the credit terms
as stated in this Agreement.
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IN CONSIDERATION
OF Member ("Harold Marcus") granting credit and/or supplying
goods to ______________________ (the "Customer"
the undersigned and each of them, if more than one, hereby jointly
and severally guarantees payment to Harold Marcus of all debts
and liabilities, present or future, direct or indirect, absolute
or contingent, matured or not, at any time owing by the Customer
to Harold Marcus or remaining unpaid by the Customer to Harold
Marcus AND THE UNDERSIGNED and each of them, if more than one,
hereby jointly and severally agrees with Harold Marcus as follows:
- In this
guarantee the word "Guarantor" shall mean the undersigned
and, if more than one guarantor, it shall mean each of them.
- This guarantee
shall be a continuing guarantee of all the guaranteed liabilities
and shall apply to and secure all ultimate balance due or remaining
unpaid to Harold Marcus and this guarantee shall not be considered
as wholly or partially satisfied by the payment of liquidation
at any time of any sum money for the time being due or remaining
unpaid to Harold Marcus.
- Harold
Marcus shall not be bound to exhaust its recourse against the
Customer or others or any securities or other guarantees it
may at any time hold before being entitled to payment from the
Guarantor.
- Upon default
in payment of any sum owing by the Customer to Harold Marcus
at any time, Harold Marcus may treat all guaranteed liabilities
as due and payable and may forthwith collect from the Guarantor
and the Guarantor shall forthwith pay to Harold Marcus the total
amount guaranteed and may apply the sum so collected upon the
Guaranteed liabilities.
- This guarantee
shall be in addition to and not in substitution for any other
guarantees or other securities which Harold Marcus may now or
hereafter hold in respect of the guaranteed liabilities.
- Without
prejudice to or in any way limiting or lessening the Guarantor's
liability and without obtaining the consent of or giving notice
to the Guarantor, Harold Marcus may discontinue, reduce, increase
or otherwise vary the credit of the Customer, and may grant
time, renewals, extensions, indulgences, releases and discharges
to and accept compositions from or otherwise deal with the Customer.
- This guarantee
embodies all the agreements between the parties hereto relative
to the guarantee, assignment and postponement and none of the
parties shall be bound by any representation of promise made
by any person relative thereto which is not embodied herein;
and it is specifically agreed that Harold Marcus shall not be
bound by any representation or promise made by the Customer
to the Guarantor.
- The undersigned
hereby authorizes Harold Marcus to make inquiries and to credit
reporting agencies in its consideration of this personal guarantee.
IN
WITNESS WHEREOF the Guarantor has signed, sealed and delivered
this
guarantee this
day of
20
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