CREDIT APPLICATION - USA

Please ensure all required fields, indicated by an asterisk, are completed before submitting this form.*

I. Applicant Information – Full Legal Name and Address of Business
II. Type of Business
III. Preferred Billing Method
IV. Credit and Account Information
$
$
$
**Please provide a copy of your valid tax exemption certificate
Application for Credit Terms and Conditions

1. Application for Credit: Applicant hereby applies for credit from Red-D-Arc Inc. (“Creditor”) for the purpose of renting, leasing or purchasing equipment. Applicant acknowledges and agrees that any such rental, lease or purchase and sale agreement shall be subject to such agreement’s specific terms and conditions. Applicant warrants that all information provided in this application is true and correct. Applicant authorizes Creditor to obtain credit reports and other financial information from time to time for credit evaluation purposes. Creditor reserves the right, in its sole and absolute discretion, to refuse to extend credit to Applicant at any time, for any reason or no reason, without notice or liability

2. Payment Terms: Applicant agrees to pay all rental charges, fees, and other amounts due to Creditor in accordance with the terms specified in the applicable agreement or invoice. Unless otherwise specified, payments are due Net 30 days from the invoice date. A late payment charge of 1.5% per month or the maximum allowed by law may be applied to overdue balances. Delinquent accounts may be reported to the applicable credit bureau(s).

3. Default: In the event of default by Applicant, including but not limited to failure to make timely payments, Creditor may, at its option, declare all amounts immediately due and payable, repossess the equipment, and pursue any other remedies available at law or in equity.

4. Collection Costs: Applicant agrees to pay any and all costs and expenses of collection, including reasonable attorneys’ fees, incurred by Creditor in enforcing any terms of this application or any related agreement.

5. Governing Law: This application and any resulting agreements shall be governed by and construed in accordance with the laws of the State of Delaware, without regard to its conflict of laws principles.

6. Entire Agreement: This Application for Credit constitutes the entire agreement between the parties with respect to the granting of credit from the Creditor to the Applicant and supersedes all prior agreements and understandings, whether written or oral.

Continuing Personal Guarantee ("Guarantee")

For valuable consideration, the undersigned (“Guarantor”) hereby absolutely, unconditionally, and irrevocably guarantees to Creditor the full and prompt payment and performance of any and all indebtedness, liabilities, and obligations of Applicant, whether now existing or hereafter arising, under any present or future agreement between Applicant and Creditor, including, but not limited to, the credit application to which this Guarantee is attached. This Guarantee is a continuing guarantee and shall remain in full force and effect until all obligations of the Applicant to Creditor are paid in full and all commitments to extend credit have been terminated. The Guarantor’s obligations hereunder shall not be affected by any change in the terms of indebtedness, extension of credit, modification of agreements, or acceptance of security or collateral. The Guarantor waives (a) notice of acceptance of this Guarantee and of extensions of credit by Creditor to the Applicant; (b) presentment, demand for payment, protest, and notice of dishonor or default with respect to any indebtedness of the Applicant; (c) any demand for payment under this Guarantee; and (d) all other notices to which the Guarantor might otherwise be entitled. The Guarantor further waives any right to require that any action be brought against the Applicant or any other person, or to require that resort be had to any security. The Guarantor agrees to pay all costs and expenses of collection, including reasonable attorneys’ fees, incurred by Creditor in enforcing this Guarantee.

The Guarantor consents to and authorizes the use of a consumer credit report on the Guarantor by Creditor, from time to time as may be needed for credit evaluation purposes.

This Guarantee shall be binding upon the Guarantor and the Guarantor’s heirs, administrators, personal representatives, successors, and assigns, and shall inure to the benefit of Creditor and its successors and assigns.

  • A personal ID must be provided/uploaded to verify the identity of the individual whose name is signed.