CREDIT AND INDEMNITY AGREEMENT

    Legal name of firm

    Required Credit Limit

    Doing business as

    Company address

     

     

     

    Mailing address

    [If different than Company address]

     

     

     

    Email

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    Contact Name

     

    Title

    Accts Payable Name:

    Accts Payable Email:

    Purchaser Name:

    Purchaser Phone:

    Purchaser Email:

    Business Type

    Date Business Started:

    No. of Staff:

    PST Exemption#

    GST#

    Annual Sales($)

    Business Premises:

    Name & Ph of landlord:

    Bank & Branch:

    Account#:

    OWNER OR OFFICER:

    1.

    Name:

    Title:

    SIN:

    Home Address:

    City:

    Postal:

    Business Premises:

    Home Ph:

    Cell:

    Email:

    2.

    Name:

    Title:

    SIN:

    Home Address:

    City:

    Postal:

    Business Premises:

    Home Ph:

    Cell:

    Email:

    TRADE REFERENCES:

    1.

    Company & Contact Name:

    Phone:

    Email:

    2.

    Company & Contact Name:

    Phone:

    Email:

    3.

    Company & Contact Name:

    Phone:

    Email:

    I/we hereby authorize E. Roko Distributors and/or their agents to obtain and disclose such credit reports or other information as may be deemed necessary in connection with the establishment and maintenance of a credit account or for any other direct business requirement. This consent is given pursuant to Section 12 of the Personal Credit Reporting Act, RSBC 1979 and in compliance with Bill 38 – 2003, PIPA. Should a charge account be opened, i/we hereby agree to pay the same on or before 30 days from the date of invoice, and to pay a service charge (that is compounded monthly on all amounts 60days or more in arrears) at an annual interest rate of 26.82%. Payments made within 10 days of invoice will receive a 1% credit on account (1% discount). All Credit Card payments will be subject to a 2% surcharge fee. Payments made after 30 days of invoice will be subject to a 2% monthly finance charge. E. Roko Distributors reserves the right to change, alter and/or modify terms and conditions at it’s own discretion without prior notification. USE OF ACCOUNT CONSTITUTES ACCEPTANCE OF ALL TERMS AND CONDITIONS.

    INDEMNITY AGREEMENT
    TO: E. ROKO DISTRIBUTORS (hereinafter called the Creditor)
    In consideration of E. Roko selling goods and/or providing services at any one time or from time to time hereinafter and/or other good and valuable consideration (the receipt and sufficiency of which is hereby acknowledged)

    to:

    of: on such terms of credit as E. Roko shall think fit,
    I/we hereby agree to pay all monies which are now or which shall at any time hereinafter be due to the Creditor by the Company, and to indemnify the Creditor against any loss that may be suffered as a result of dealing with the Company including, but not limited to, all fees incurred in the collecting of amounts owed.
    The Creditor shall not be bound to exhaust its recourse against the Company, or other persons, or the securities the Creditor may now or hereafter hold before being entitled to payment from me of any amount owing. The Creditor may grant extensions of time, increases or decreases of credit lines, releases, discharges, and otherwise deal with the Company as it sees fit, without notice to me, all without lessening or affecting the Creditor’s rights against me under this Indemnity. I/we shall be liable as principal debtor and not merely as surety and the bankruptcy or any assignment in favour of creditors of the Customer shall not affect the enforceability of this indemnity. Where there is more than one Indemnitor who signs this document, each shall be jointly and severally liable in relation to all obligations.
    This Indemnity agreement is to be a continuing agreement, and shall remain in full force and effect until I/we notify the Creditor in writing of its cancellation, whereupon we agree to pay the Creditor whatever amount is then owing to the Creditor by the said Company.

    Dated at , this

    Signed:

    *Required
    Position:

    Signed:


    Position: