The undersigned applicant for credit, by execution of this application, warrants and represents that the statements of fact
furnished herein are true and correct, that EBT Bearings (EBT) may verify said representations by contacting
references, banks and/or credit reporting agencies, and that all purchases now made and which may be hereafter made
from EBT shall be upon the following terms and conditions:
Terms
Credit account invoices are due in 30 days (unless otherwise approved by EBT in writing) and payable to EBT Bearings, 6694 E. State Hwy 114, Haslet, TX 76052 or other address as designated by EBT.
Interest
A monthly late charge shall accrue on any amount not paid in accordance with the terms on the invoice at the lesser of one
and one-half percent (1 ½%) per month or the maximum rate permitted by applicable law.
Texas Law Applicable
Texas law shall apply to any dispute relative to matters covered by this agreement.
Credit Check Authorization
Execution indicates authorization to review the credit of all parties set out in this agreement at initation or any time
thereafter
Guarantee Agreement
I (we) understand that the information furnished you herein, is for the purpose of obtaining credit from EBT Bearings, that I am (we are)
authorized, in my (our) capacity, to bind my (our) firm accordingly. I (we) the undersigned, hereinafter called guarantors, do jointly
and severally, unconditionally guarantee and promise to be held personally liable to EBT Bearings for all indebtedness accrued under this
continuing agreement. That all accounts or monies due you or your assigns shall be due and payable at your place of business. That
all accounts, notes or judgements shall automatically draw default and referral to an attorney or collection agency. I (we) agree to pay
reasonable cost and attorney’s fees of at least 25%.
