Remington Auto Salvage

Any misrepresentation in this application will be considered as fraud, since the information herein is the basis for the extension of credit. As an inducement to grant credit, the undersigned warrants that the information submitted is accurate and correct. You are authorized to investigate the credit references and principals listed. In consideration for extension of credit, said business promises to pay for all purchases with the terms agreed.

OUR TERMS: Statements will be delivered via mail or email on the 1st of each month. All items on the statement need to be paid on or before the 20th day of the month. The attached terms and conditions of sale are considered to be an integral part of this credit application.

Undersigned agrees to pay a service charge of 1.5% per month (18% per annum) on all past due balances. In the event any third parties are employed to collect any outstanding monies due by said business, the undersigned agrees to pay reasonable collection agency costs, including attorney fees, whether or not litigation has commenced, and all costs of litigation incurred. The undersigned represents that he/she has the authority to execute this credit agreement on behalf of the said business.

PERSONAL GUARANTEE:

In consideration for Remington Auto Salvage, Inc. extending credit to the business identified below for any products and/or services after this at the request of the applicants or its’ agents, the undersigned individual hereby personally guarantees, unconditionally and irrevocably, the prompt payment of all sums now or hereafter owed to Remington Auto Salvage, Inc. by the business identified below whether said sums are due under open account, contract, or otherwise. It is understood and agreed that credit, if extended, is to be on a continuing basis and may exceed estimated maximum credit limit required as stated in the credit agreement between Remington Auto Salvage, Inc. and the business. Remington Auto Salvage, Inc. shall not be obligated to notify the undersigned of the dates or amounts of any such credit and the undersigned waives demand, notice of default and any extension of time or any other forbearance which may be extended by Remington Auto Salvage, Inc. This guarantee shall continue in force until notice in writing, sent by registered or certified mail, return receipt request by:

Said notice shall specify the date on which this guarantee is to be terminated. Said date is not to be less than 10 days after such notice is received. Such termination shall in no way release the undersigned as to any sum or debt incurred prior to such termination.