Credit Application

Type of Business
Bankruptcy

AGREEMENT and PERSONAL GUARANTEE

Applicant agrees that extension of credit by seller shall be subject to, and in consideration of, the following:

  1. The undersigned certifies that the above information is true and accurate to the best of his or her knowledge.
  2. )The undersigned hereby authorizes the aforementioned references to release information requested by Waterworld USA, Inc.
  3. Applicant authorizes Waterworld USA Inc. to run credit checks on the business and obtain credit reports on principal officers/directors from aconsumer credit agency.

As a consideration for the extension of credit by Waterworld USA, Inc. to the applicant, applicant agrees to the following terms and conditions:

  1. Any and all terms and conditions of sale are stated on each invoice of sale.
  2. All amounts are due payable as stated on each invoice of sale.
  3. All past due balances are subject to service charges and fees up to the maximum permitted by law.
  4. Waterworld USA Inc. reserves the right to assign the past due account balances to a licensed collection agency or an attorney for legal action. Anysuch collection costs, attorney fees, and court costs may be added to the past due balance.
  5. Applicant authorizes Waterworld USA, Inc. to charge any credit card provided by Applicant, at any time, for any amount owed toWaterworld USA, Inc.

PERSONAL GUARANTEE: In consideration of extending credit at my request, I the undersigned, hereby personally guarantee Waterworld USA, Inc. payment of any obligation of above mentioned applicant. I and Officers/directors listed on this application agree to be jointly and severally liable for past due balances including late fees, shipping & handling, and collections costs including court cost and attorney fees, as well as any other costs incurred to collect past due balances. Waterworld USA, Inc. is under no obligation to make demand upon or bring legal action first against the Applicant for payment. At its sole discretion, Waterworld USA, Inc. may look directly to the Guarantor(s) for payment.
It Is understood that this guarantee be continuing and irrevocable for Indebtedness of the above applicant and officers/directors, including the undersigned, personally.