Common use of Credit Statement Clause in Contracts

Credit Statement. Buyer certifies that any information submitted pertaining to its credit worthiness is accurate. Buyer, its owners and/or principals, expressly authorize credit reporting agencies and other persons to furnish credit information to ZEISS, separately or jointly with other creditors, for use in connection with this Agreement. ZEISS and joint users of such information are authorized to receive and exchange credit information and to update such information as appropriate for the express purpose of assessing Buyer’s credit worthiness. Buyer, its owners and/or principals hereby consent to and authorize ZEISS to obtain and use one or more personal credit reports from time to time as may be needed in the credit evaluation and/or in connection with the extension or continuation of the credit by ZEISS to Buyer. Buyer, its owners and/or principals hereby consent to the collection, use and disclosure of their respective personal information in order for ZEISS to: determine the creditworthiness of Buyer, its owners and/or its principals; to meet ▇▇▇▇▇’s requests for Product; to administer accounts; and to comply with legal requirements. Without limiting the foregoing, Buyer, its owners and/or principals hereby consent to the disclosure of their respective personal information to third parties where required in order to obtain credit reports and credit references and to otherwise determine the creditworthiness of Buyer, its owners and/or principals. In addition, Buyer, its owners and/or principals hereby authorize ZEISS to disclose to third parties, including one or more credit reporting agencies, any delinquencies by Buyer in paying invoice(s) and balance(s) thereunder.

Credit Statement. Buyer certifies that any information submitted pertaining to its credit worthiness is accurate. Buyer, its owners and/or principals, expressly authorize credit reporting agencies and other persons to furnish credit information to ZEISS, separately or jointly with other creditors, for use in connection with this Agreement. ZEISS and joint users of such information are authorized to receive and exchange credit information and to update such information as appropriate for the express purpose of assessing Buyer’s credit worthiness. Buyer, its owners and/or principals hereby consent to and authorize ZEISS to obtain and use one or more personal credit reports from time to time as may be needed in the credit evaluation and/or in connection with the extension or continuation of the credit by ZEISS to Buyer. Buyer, its owners and/or principals hereby consent to the collection, use and disclosure of their respective personal information in order for ZEISS to: determine the creditworthiness of Buyer, its owners and/or its principals; to meet ▇▇▇▇▇Buyer’s requests for Product; to administer accounts; and to comply with legal requirements. Without limiting the foregoing, Buyer, its owners and/or principals hereby consent to the disclosure of their respective personal information to third parties where required in order to obtain credit reports and credit references and to otherwise determine the creditworthiness of Buyer, its owners and/or principals. In addition, Buyer, its owners and/or principals hereby authorize ZEISS to disclose to third parties, including one or more credit reporting agencies, any delinquencies by Buyer in paying invoice(s) and balance(s) thereunder.