Business Credit Application
Principle Officers and/or Partners
Terms of Credit: Net 30 days. 1½% Finance Charge applied every 30 days past due date.
In consideration of LAMI-Lube Product extending credit to, or otherwise becoming
the creditor of the debtor, the undersigned guarantors, jointly and severally,
guarantee prompt payment when due of all obligations of the debtor to
LAMI-LUBE PRODUCTS.
The undersigned agree that this is an absolute and continuing guarantee and, until
revoked, shall cover future extensions of credit to the debtor, including, but
not limited to, additional extensions of credit and any renewal of obligation,
modification of terms or any obligation, and extension of time to pay any obligation.
This guarantee may be revoked by written notice to LAMI-LUBE PRODUCT and is
effective upon receipt by it. This guarantee shall remain fully effective and
enforceable as to any obligations created or incurred by the debtor prior to
the effective date of such notice.
The undersigned waive all notices including, but not limited to, presentment,
demand, protest, non-payment, renewal, modification of terms, and extension
of credit.
It is hereby certified that all goods purchased from LAMI-LUBE are in accordance
with the properly checked category below. This exemption certificate will become
a part of each order unless specified in writing by the customer.