Credit Applications Clause Samples

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.
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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within 30 days net from date of statement unless otherwise expressly agreed to by LEAD; 7.3 Credit facilities may be withdrawn by LEAD at its sole discretion at any time without prior notice to the Customer.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. ▇▇▇▇▇▇ 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. Customers will be able to apply for Client credit programs online.
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. Any Credit Applications that have not been approved by BOQ Credit as at the time of receipt of the notice of termination of the Retail Finance Program Agreement under this clause 5 automatically lapse and will be of no force or effect.
Credit Applications. Professional will follow all procedures provided to it by Bank in taking and submitting to Bank credit applications for Cards, will ensure that all credit applications 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. Bank may also decline to pay or credit settlement proceeds to Professional as would otherwise be required under Section 3 above if Bank determines that (i) Professional has falsified the application in any respect; (ii) Professional knows or reasonably should have known that the application contains false information; (iii) any information on the physical application does not match the information transmitted to Bank; (iv) the identification or verification requirements have not been satisfied; or (v) any other required procedures have not been met (an application meeting the description set forth in any of (i) through (v) above or that otherwise does not meet all of the requirements of this Section or the Operating Guide will be considered a “Defective Application”). If proceeds of any transactions have been credited to Professional’s account prior to Bank’s discovery of any of the defects set forth above, Bank may charge back the amount of any or all transactions charged on the Account.
Credit Applications. The Credit Application and any credit information furnished to Company by Dealer on behalf of applicant Buyer are true, complete and accurate. In the event Company requests a consumer report (i.e. credit bureau) on an Applicant and such consumer report contains a fraud alert (“initial alert,” “extended alert” or “active duty alert” as defined under the Fair Credit Reporting Act, as amended (“FCRA”)), Company shall promptly notify Dealer of such alert. Dealer agrees to perform the due diligence required under the FCRA to confirm the identity of such Applicant. After making its credit decision, Company will notify Dealer via facsimile 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.