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We certify that the above information is true and correct to the best of our information, knowledge and belief. We agree to pay all charges according to the terms and conditions as stated by Optec Displays, Inc. (“Creditor”). If we fail to do so, then we agree to pay any late charges, reasonable collection costs and attorney fees if collection procedures are instituted. Should credit availability be granted by Creditor, all decisions with respect to the extension or continuation of credit shall be at sole discretion of Creditor. Creditor may terminate any credit availability within its sole discretion.
We authorize you to conduct an investigation of our credit worthiness, including but not limited to securing commercial credit reports, consumer credit reports, trade references, lender references, lease references.
We hereby authorize release of credit information to Optec Displays, Inc
In consideration for Optec Displays, Inc. extending credit to the business identified below for any materials and/or services after this date at the request of applicants or its agents, the undersigned individual hereby personally guarantees unconditionally and irrevocably the prompt payment of any sums now or hereafter owed to Optec Displays, 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 Optec Displays, Inc. and the business. Optec Displays, 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 Optec Displays, Inc.
This guaranty shall continue in force until notice in writing, sent by registered or certified mail, return receipt requested is received by Optec Displays Inc. Said notice shall specify the date on which this guaranty is to be terminated, said date not to be less than seven 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.