Credit Applications Clause Examples

The Credit Applications clause establishes the requirements and procedures for a party to apply for credit with another party, typically in a commercial context. It outlines the information and documentation that must be provided by the applicant, such as financial statements or references, and may specify the review process or criteria used to assess creditworthiness. This clause ensures that the granting party has sufficient information to evaluate risk and make informed decisions about extending credit, thereby reducing the likelihood of non-payment or financial disputes.
POPULAR SAMPLE Copied 3 times
Credit Applications. Each Buyer has completed and signed a Credit Application and has expressed a definitive interest in purchasing a Vehicle on credit from Dealer or has otherwise provided Dealer with written authorization to obtain a consumer report. Buyer has full legal capacity to enter into the Contract, and Buyer is a bona fide good faith purchaser in the ordinary course of Dealer’s business. The Credit Application and any credit information furnished to Company by Dealer on behalf of applicant Buyer are true, complete and accurate. After making its credit decision, Company will notify Dealer via facsimile or e-mail of its credit decision and, as applicable, a list of Stipulations. Dealer will advise each credit applicant of Company’s name and address as provided to Dealer from time to time.
Credit Applications. 7.1 The Customer consents to LEAD making enquires about its credit record with any credit reference agency and any other party. LEAD may also provide credit reference agencies with information regarding the Customer’s payment history with LEAD. 7.2 In the event, the Customer is afforded a credit facility with LEAD, the Customer acknowledges and accepts that full payment shall be made within 30 days net from date of statement unless otherwise expressly agreed to by LEAD; 7.3 Credit facilities may be withdrawn by LEAD at its sole discretion at any time without prior notice to the Customer. LEAD strictly reserves its rights to review the extent, nature and duration of such facilities at all times.
Credit Applications. The information contained within any credit application, and any other information, submitted to Company accurately represents the information given by the prospective buyer. Dealer has no knowledge that any credit application information is other than represented. Xxxxxx has not counseled or advised a prospective buyer in completing a credit application so as to appear more creditworthy. Dealer has followed instructions given by the Company to ensure all signatures are valid.
Credit Applications. Retailer will follow in all material respects all procedures provided to it by Bank in taking and immediately submitting to Bank credit applications for Accounts, will ensure that all credit applications processed at the point of sale are signed in person by the applicant, and will provide to each applicant at the time the credit application is submitted a complete and current copy of the applicable terms and conditions and privacy policy that applies to the Account. Bank may, in its sole discretion, approve or decline any application submitted.
Credit Applications. There must be a credit application for each MMCAP Facility executed by an entity or person authorized to bind the MMCAP Facility.
Credit Applications. 7.1 The Customer consents to TLSA making enquiries about its credit record with any credit reference agency and any other party. TLSA may also provide credit reference agencies with information regarding the Customer’s payment history with TLSA. 7.2 In the event, the Customer is afforded a credit facility with TLSA, the Customer acknowledges and accepts that full payment shall be made within 30 days net from date of statement unless otherwise expressly agreed to by TLSA; 7.3 Credit facilities may be withdrawn by TLSA at its sole discretion at any time without prior notice to the Customer. TLSA strictly reserves its rights to review the extent, nature and duration of such facilities at all times.
Credit Applications. Customers will be able to apply for Client credit programs online.
Credit Applications. A. Xxxxxxx xxxees to provide each Applicant at or before the time that Applicant's credit application is made a copy of the Plan Agreement. B. Any credit application which is: (i) Knowingly falsified by Robexxx; (ii) Accepted by Robexxx xxowing that the application contains false information; or (iii) Accepted by Robexxx xxxwing that the Applicant(s) signature is missing, the date of application is missing, the identification required to be verified by Robexxx xxx not been completed (two types of identification are required for all Applicants, one of which must be a photo identification), Applicant(s) social security number is missing, Applicant(s) date of birth is missing, or Applicant(s) printed name is missing or other requirements as set forth in the Procedures has not been met, may not be honored, at the discretion of Bank One, for the purpose of crediting settlement proceeds to Robexxx' xxcount. If proceeds have been credited to Robexxx, then Bank One may charge back to Robexxx' xxcount said Transaction (hereinafter a credit application meeting the criteria of either (i), (ii) or (iii) above, will be known as a "Problem Application"). C. Any subsequent charge(s) to an Account which was/were honored by Bank One but later determined to be improper because the Account was established with a Problem Application, may be charged back to Robexxx within a reasonable time after such Problem Application is made aware to and recognized by Bank One.
Credit Applications. If it has been agreed in the Special Terms and Conditions that COMFIN can assume the Insolvency Risk, the CLIENT shall submit one Credit Application per Debtor via CFO for each Debtor falling under the scope of the Agreement.
Credit Applications. Each applicant Buyer has expressed a definite interest in purchasing a vehicle from Dealer on credit, and in connection therewith, submitted a Credit Application. To the best of-Dealer's knowledge and after conductingreasonable due diligence, the Credit Application and any credit information furnished to Lender by Dealer on behalf of the applicant and/or Buyer is true, complete and accurate. The due diligence procedures to verify such information follow applicable law, in addition to being sound and consistent with industry standards and followed by all employees. Each applicant and/or Xxxxx provided his/her written authorization to investigate his/her credit history and employment, and to obtain a consumer report on him/her. Alternatively, Dealer represents that Dealer and Lender have another permissible purpose under the Fair Credit Reporting Act, as amended ("FCRA") to obtain a consumer report on the applicant Buyer. Further, in connection with each Credit Application submitted to Lender, Dealer agrees to disclose to each applicant and/or Buyer that, in accordance with the FCRA, Dealer intends to submit the Credit Application to Lender for evaluation. The provisions of this subsection shall apply to all Credit Applications submitted to Lender by Dealer, and not only to those that Lender purchased by Dealer.
OSZAR »