The credit of the Applicant(s) and/or Company, (referred to herein as "Applicant(s)") will be considered in the evaluation of this application and any updates and additional extension of credit. Applicant(s) authorize(s) TAP Worldwide, LLC dba Transamerican Wholesale, (referred to herein as "Creditor"), to inquire into and obtain from any bank, lending institution, credit reference, or consumer or commercial credit reporting agency, information relating to the creditworthiness or financial condition of the Applicant(s). In addition, Applicant(s) consent(s) to Creditor, obtaining a consumer credit report on any person signing this application regardless of the capacity in which they are signing. Applicant(s) seeking a credit account must furnish applicable information as requested by the Creditor. Creditor reserves the right in its absolute discretion to grant, refuse or discontinue any extensions of credit, reduce or suspend any credit limit at any time, or terminate an existing account at any time based upon breach of this agreement; credit unworthiness of the Applicant(s); or for any other reason not prohibited by State or Federal law. Creditor also reserves the right to cancel any order, require payment in advance, or require the Applicant(s) to provide adequate assurance of performance, without any liability by the Creditor, in the event of the Applicant(s) insolvency, filing of a petition in bankruptcy, the appointment of a receiver or trustee for Applicant(s), or the execution by Applicant(s) of an assignment for the benefit of creditors. If credit is extended, the Applicant(s) promise(s) to pay according to Creditor's payment terms as follows: Monthly accounts are due in full by the 10th day of the month following the statement date. Cash / COD accounts are due in full the day the product is delivered. Applicant(s) shall assume complete responsibility for the use of any account(s) established, and agrees to promptly review billing statements and notify Creditor of any errors or unauthorized purchase(s). Subject to applicable laws, such notification must be received no later than 60 days from the statement date on which the transaction(s) first appeared; otherwise the statement(s) will be presumed to be correct and all purchases contained therein will be presumed to be authorized and payable under the terms of this agreement. Accounts not paid within terms may be placed on a cash only basis, and assessed interest at the rate of 18% per annum, or the maximum rate allowed by law, whichever is less. If an account is placed with an attorney for collection, Applicant(s) shall pay all attorney's fees associated with collection of the account plus all additional collection costs whether litigation is initiated or not. The Applicant(s) agree(s) that this Credit Application and any subsequent Agreement shall be governed by the laws of the State of California without regard to principles of conflicts of law and that any and all actions or proceedings arising from this Credit Application and any subsequent Agreement shall, at the Creditor’s option, be proper only in courts having subject matter jurisdiction and located in Los Angeles, California. This agreement shall only become effective upon the execution and delivery by Customer and Lender of this Agreement, and shall continue in full force and effect unless and until terminated pursuant to the terms and conditions hereof. This agreement contains the entire agreement of the parties, supersedes all prior agreements, if any, relating to the extension of credit, and may only be modified by a written agreement signed by each party. If any action is instituted by Lender with respect to the enforcement of or collection with respect to this Agreement, Lender shall be entitled to any and all reasonable cost and expenses (including, without limitation, attorneys' fees and cost) incurred in connection herewith and therewith. This Agreement shall be interpreted and enforced under the laws of the State of California and cannot be modified or revoked unless by a writing signed by all parties. THE APPLICANT(S) WAIVE(S) TRIAL BY JURY. ACCOUNTS ARE FOR BUSINESS PURPOSES ONLY AND NOT FOR PERSONAL USE. Purchases made hereunder shall not be subject to Federal, State or Local laws or statutes governing consumer credit purchases that are for personal, family, or household use. The undersigned certifies that all information provided is true and correct, Applicant(s) is/are a valid business entity, and further warrants that he/she is authorized to execute this application on behalf of Applicant(s).
THIS APPLICATION IS NOT AN EXTENSION OF TRADE CREDIT / OPEN ACCOUNT
***Once completed application is received, additional information will be required for Credit Request.