1) Terms of payment is due in bank 7 days from the date of invoice.
2) Acceleration Clause: In the event the account becomes delinquent, creditor reserves the right to accelerate and demand payment of the balance in full, together all accrued interest (1.5 %/ monthly) and the costs of collections.
3) Personal guarantee: In the event of default, the undersigned officer(s) agree to be jointly and severally liable for all amounts due therein. We agree to bind ourselves to pay on demand the sum, which may become necessary to place this account with attorney for collection.
4) Authorization to Check Credit History: In order to determine myself /company’s credit.
5) Worthiness I (we) hereby authorize Martinez Distributors Corporation to obtain my/company’s credit from credit bureaus, and any information from other sources above with respect to this application.
6) Check writer is personally responsible for corporate checks that are not approved.
7) I will pay the penalty imposed by the Martinez for any bounced check up to $75.00.
8) The venue for this transaction is Miami Dade County.
Hereby personally guarantee Martinez Distributors Corporation payment of any obligation of the company and I agree to bind myself to pay you on demand ant sum, which may become necessary to place this account with an attorney for collection. The undersigned also agrees to pay interest and all cost of such collections, including court cost, reasonable attorney fees and 1-1 ½% per month late charge.
