Please read the guaranty and EFT authorization. You will confirm your agreement and sign on the final step.
Guaranty
To induce California Fuel Supply, Inc. (CAFS) to grant financial accommodations to, permit charging of products by, extend credit to, or otherwise become the creditor of the Customer named in this application, the undersigned personally guarantees to CAFS the payment, when due, of every claim (including service charges, reasonable attorney's fees and costs) of CAFS against the Customer.
This is a continuing guaranty and remains in full force until written revocation is actually received by CAFS; such revocation is effective only as to claims arising from transactions entered into after its receipt.
The Customer and the undersigned agree to pay all charges within seven (7) days of the date of billing. If charges are not paid within that time, the undersigned agrees to pay CAFS a service charge of 2% per month on the unpaid balance. This is not interest or a finance charge, but an agreed service charge for the failure to timely pay for goods and services received.
Notwithstanding full payment of any claim or any revocation, this guaranty remains in full force, or is reinstated, with respect to claims if the Customer files for bankruptcy protection or a court order compels CAFS to return or refund any payment. The undersigned waives any right of subrogation against the Customer for monies paid to CAFS.
If the account is referred for collection to an attorney, the undersigned will pay reasonable attorney's fees and costs of collection. CAFS is not responsible for claims or damages for failure to deliver at certain times; delivery times are best efforts only. CAFS may, at its option, refuse to permit charges on the account.
All sales, billing, and processing of accounts receivable, applications, credit, and performance of this Agreement occur entirely in Contra Costa County, California. Only the laws of the State of California apply to interpretation of this Agreement, and Contra Costa County is the only proper venue for litigation by either party.
Agreement to pay charges (EFT/ACH authorization)
The undersigned authorizes CAFS and each of its successors, assigns, divisions, and subsidiary companies to initiate debit entries to the checking account identified in this application at the depository named, and authorizes that depository to debit such account. This is a binding agreement that may be executed by facsimile or electronically.
This EFT authorization remains in full force until CAFS and the depository have received written notification in such time and manner as to afford a reasonable opportunity to act on it. This authorization allows CAFS to charge debits to the account at frequent intervals for varying amounts.