The undersigned being an Officer/Director/Shareholder of the Applicant Corporation do hereby agree to the following terms and conditions and assume personal responsibility for payment of said corporation's account, and guarantee in full that the said account will promptly be paid. It is understood that credit would not be extended to said corporation without this assumption of liability and guarantee.
Notice: The following is provided for your information. Please read the credit plan and do not submit this application before you do so.
1. To pay each invoice by the tenth of the following month.
2. To pay a 1.5% service charge on any invoices past due.
3. To pay attorney's fees in the event that collection efforts become necessary.