Metal Concepts Credit Application

Billing Address
Physical Address
Contact Info
Business Type
Proprietor Info
Partnership Info

Partner 1

Partner 2

Corporation Info

President

Vice-President

Secretary

Treasurer

LLC Info

General Partner

Limited Partner

Limited Partner

Bank Reference
Contracting License and Bonding Information
TERMS OF SALE:
  1. Payment for all sales are due 30 days from the sale and past due thereafter.
  2. I understand there is a SERVICE CHARGE of 1-1/2% per month (which is an ANNUAL PERCENTAGE RATE of 18%) that will be charged on any balance not paid by the 25th of the month following purchase. SERVICE CHARGE is added to principal which is compounded. Applicant and/or guarantor/s agree to pay such SERVICE CHARGES. Applicant and or guarantor/s agree to pay all actual cost of collection including actual attorney's fees, court cost and or collection agency fees due to Metal Concepts, LLC as applicants' or guarantors' breach of the terms of sale, whether or not a lawsuit is brought to satisfy the debt owed to Metal Concepts, LLC by applicant or guarantor/s. In the event that any suit or collection action is required to enforce the terms of this Credit Application and to collect unpaid account balances owing to Metal Concepts, LLC, the undersigned agrees that jurisdiction and venue for any such action shall not be limited to the state and county in which the materials, goods or services are purchased or received. The undersigned also agrees and submits to the jurisdiction of the Arizona courts, and agrees that at Metal Concepts, LLC’s sole option, the proper for any such collection action may include Maricopa County, Arizona.
  3. All sales are subject to all other "Terms and Conditions of Sale" set forth on the pertinent packing list or invoice relating to the particular sale.
  4. CREDIT ACCOUNTS WILL BE REQUIRED TO MAINTAIN A $2,500 SALES VOLUME ANNUALLY. Metal Concepts, LLC reserves the right to cancel applicants' account should the applicant not maintain sales volume equal to $2,500 annually or should applicant default on payment to Metal Concepts, LLC at any time.
  5. ACCOUNT BALANCES 60 DAYS AND OLDER ARE SUBJECT TO A CREDIT HOLD, WITH OR WITHOUT NOTICE, AND MAY BE REPORTED TO INDUSTRY TRADE GROUP ASSOCIATIONS AND COMMERCIAL CREDIT REPORTING AGENCIES.
  6. Applicant and/or guarantor/s agrees to pay to Metal Concepts, LLC a service charge equal to but not greater than the legally acceptable amount on all dishonored checks returned to Metal Concepts, LLC by the bank. The above information is provided for the purpose of obtaining an open credit account with Metal Concepts, LLC. Applicant does warrant and acknowledge that Metal Concepts, LLC may rely on same, as concerns the execution of this agreement. In the event Applicant is a Sole proprietor or Partner in the Partnership, that individual's signature hereinafter authorizes Metal Concepts, LLC to investigate their individual consumer credit report. If Applicant is a Corporation, signature by an individual is required on the personal and continuing personal guarantee, and when executed permission is granted to Metal Concepts, LLC to investigate the individual's consumer credit report. Applicant furthermore authorizes Metal Concepts, LLC to investigate those references listed hereon and those available, to Metal Concepts, LLC, through industry credit trade group associations. Applicant acknowledges having kept a copy of this credit application for their business records.
CONTINUING PERSONAL GUARANTEE:

The undersigned (hereinafter called the Guarantor/s) for and in consideration of the extension of credit to the Applicant by Metal Concepts, LLC, and as an inducement to Metal Concepts, LLC to continue to extend credit to Applicant, the Guarantor/s jointly and severally, unconditionally guarantee the payment of any and all sums of money as are now, or at any time hereinafter may be owing to Metal Concepts, LLC by Applicant or Guarantor/s, as a result of Metal Concepts, LLC’s extension of credit. Guarantor/s waive notice of extension of time or modification of terms, settlements or resolutions of disputes, modification of credit line, default of Applicant. This is intended to be and is a continuing guarantee and shall not be revoked except by written notice to Metal Concepts, LLC not to make any further sales and deliveries on the security of this guarantee and until the expiration of five (5) days after such notice shall have been received by Metal Concepts, LLC by registered mail, return receipt requested. Any such revocation shall be effective only with respect to merchandise shipped or delivered after the expiration of said five (5) day period, and shall not affect, in any respect, liability incurred by the Applicant and or the Guarantor/s prior to that time. In the event that any suit or collection action is required to enforce the terms of the credit application by the Applicant or Guarantor/s, and to collect unpaid account balanced owing to Metal Concepts, LLC, the Guarantor/s agree that jurisdiction and venue for any such action shall not be limited the state and county in which the materials, goods or services are purchased or received. Guarantor/s also agree and submits to the jurisdiction of the California and Arizona courts, and agree that at Metal Concepts, LLC’s sole option, the venue for any such action may include Maricopa County, Arizona or Orange County, California. The Guarantor/s signature further acknowledges that specific authorization has been granted to Metal Concepts, LLC to investigate the Guarantor/s individual consumer credit report, necessary with this guarantee.

Electronic Signature