Application for Credit Clause Samples
The 'Application for Credit' clause outlines the process and requirements for a party seeking to obtain credit from another party, typically in a commercial or financial agreement. It usually specifies the information and documentation that must be provided by the applicant, such as financial statements, business history, or references, and may detail the criteria or procedures the creditor will use to evaluate the application. This clause serves to establish clear expectations and procedures for extending credit, thereby reducing misunderstandings and helping the creditor assess and manage financial risk.
Application for Credit. Dealer warrants and represents that it is familiar with the requirements of the Equal Credit Opportunity Act (15 ▇.▇.▇. §▇▇▇▇, et seq.), and with Regulation B (12 C.F.R. 202) promulgated thereunder, and that it will act in regard to every aspect of any credit transaction in which it participates under this Agreement, in strict conformity with the requirements of such act and regulation. Dealer agrees that it will not discourage applications on account of any prohibited basis stated in Regulation B at Section 202.2(z).
Application for Credit. An employee wishing to enroll in this program must file a Request for Approval of a course to be taken with the Certificated Human Relations Department. If permission is granted under the provisions of this Article, payment for the course shall occur only upon satisfactory completion of the course and the filing with the Certificated Human Relations Department of the appropriate verification. This shall consist of an official grade card issued by the institution giving the course, or an official transcript. For approved courses not given by an institution, the Certificated Human Relations Department shall establish the appropriate validation requirements.
Application for Credit. 3.1.1 All requests for credit must be made online via the online application portal which is linked on the Holcim webpage (hereinafter referred to as “Application”) ▇▇▇▇▇://▇▇▇▇.▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇/veda5/cm/casemanager/landing/Holcim-au-trade/index.htm
3.1.2 The current Holcim Standard Terms and Conditions are available on the Holcim Australia Company webpage. ▇▇▇▇▇://▇▇▇.▇▇▇▇▇▇.▇▇▇.▇▇/▇▇▇▇▇-▇▇▇-▇▇▇▇▇▇▇▇▇▇-▇▇▇▇
3.1.3 The Application should be completed by the potential customer in full. Any Application not completed in full will be returned to the customer for completion. New Account Limit requests that fall between the range of $2,000 - $50,000 should be redirected to the ▇▇▇▇▇▇ Solution to carry risk and reduce maintenance at lower levels of exposure whilst offering benefits of a third party solution. Alternatively, COD arrangements may be sought.
3.1.4 Trading without a credit account is on a strictly cash sale basis only.
3.1.5 Government departments may have an account activated on receipt of a hard copy purchase order. This purchase order should be filed in place of an Application.
3.1.6 Public listed companies may supply their general request for credit information. We may activate an account on this if our terms of trade have been acknowledged and agreed. If ▇▇▇▇▇▇’s terms of trade are not acknowledged, then appropriate review of the entity’s terms and conditions should be undertaken in consultation with Holcim’s contract review department and in-house counsel.
3.1.7 If a customer trades across Business Units or interstate, it is not necessary to obtain a separate Application for each Business Unit or in each State.
3.1.8 The accuracy and completeness of the information supplied is of paramount importance as it assists in processing the Application quickly and in the event that legal action becomes necessary to recover the debt. The NCM is responsible to ensure this data is complete.
3.1.9 Master Data is to notify all new account creations to relevant teams i.e, respective Account Managers and Credit Teams.
Application for Credit. The Customer warrants the correctness of the particulars provided to DNA in the Application for Credit completed by the Customer and provided to DNA.
Application for Credit. An employee wishing to 18 enroll in this program must file a Request for 19 Approval of a course to be taken with the
Application for Credit. All new customers must complete, sign and submit a credit application. The application shall be submitted in advance of placing an order to allow time for the performance of the credit evaluation. All existing customers that request an increase to their credit facility must complete, sign and submit a new credit application.
Application for Credit. Participant represents and warrants that any Confidential Information it provides to Dell in connection with an extension of credit ("Credit Information") is true, correct, and complete in all material respects. Dell may provide Credit Information and related information in Dell’s possession to potential funding sources and their agents, advisors and consultants who are bound by obligations of confidentiality at least as restrictive as those imposed by this Agreement. Notwithstanding anything in this Agreement to the contrary, Dell may keep Credit Information in accordance with applicable document retention requirements and the confidentiality obligations imposed by this Agreement.
Application for Credit. I/we (herein described as the “applicant”) apply to Allied Fastenings Limited (herein described as “the Company”) for a credit account and agree to adhere to the terms of trade of the Company which are: Goods are to be paid for by the twentieth day of the month following the date of the invoice, unless within the terms of a separate credit arrangement. If payment is not made by the agreed date, as outlined above, then:
Application for Credit. Please provide all the information requested. If you do business in Texas, and use your Resale Number, be sure to complete a Resale Certificate and submit it along with your application. Also, to purchase refrigerant and equipment, we also need for you to include copies of your Contractor’s License and EPA Certification. On the following pages you will find our Credit Terms of Sale. Please read them and sign at the bottom of the page. We must have a signature in order to complete a credit investigation and make a decision on your request for an open account. Should you have any questions, please free to call us at the branch closest to you. We look forward to serving you in the future. Best wishes for a successful and profitable future. Sincerely, 1431 Regal Row Dallas, Texas 75247 *PLEASE ADVANCE TO THE NEXT PAGE TO CONTINUE YOUR APPLICATION* 1431 Regal Row Dallas, TX 75247 Phone: ▇▇▇.▇▇▇.▇▇▇▇ Email: ▇▇▇▇▇▇@▇▇▇▇▇▇▇.▇▇▇
Application for Credit