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Confidential Credit Agreement - Credit Information Payment Terms and Collection Fees
Applicant hereby authorizes its bank, suppliers and other persons or entities with whom Applicant is doing business, or who have knowledge of Applicant’s financial affairs, to release information regarding Applicant’s credit history and other financial information regarding applicant.
Payment terms are net 10 (ten) days from date of product delivery. Applicant agrees to pay PN Industries, Inc. interest at the rate of 18 (eighteen) percent per annum on any and all net amounts not paid within such ten day period. Applicant agrees that if PN Industries, Inc institutes action to recover money on account of credit extended, that PN Industries will be entitled to recover from Applicant, any and all costs of collection, including a reasonable attorney’s fee. Applicant further agrees that this application is subject to and governed by the laws of the State of Texas and agrees to the jurisdiction and venue of Texas courts located in Dallas County, Texas should any action on Applicant’s account be instituted.
Credit Application
By inputting your name in the Signature space below you agree to be held accountable to the terms and conditions of this credit agreement. Additionally, by inputting your name in the Signature space below, you authorize your creditors/debtors to release information to PN Industries for the purpose of establishing a credit account for your company.
Signature
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