Company Credit Account Approbation

{{company_name}}

{{company_address}}

Tel: {{phone}}

Email: {{email}}

Website: {{website}}

Date:

{{date}}

CREDIT ACCOUNT APPROBATION

Dear {{client_company_name}},

We are pleased to inform you that your application for a credit account with {{company_name}} has been approved. This document outlines the terms and conditions under which this credit facility is extended.

CLIENT DETAILS

Client Company Name: {{client_company_name}}

Client Company Registration Number: {{client_company_registration_number}}

Client Company Address: {{client_company_address}}

Client Contact Person: {{client_contact_person}}

Client Contact Email: {{client_contact_email}}

Client Contact Phone: {{client_contact_phone}}

CREDIT TERMS

1. **Credit Limit:** Your approved credit limit is {{currency}} {{credit_limit}}.

2. **Payment Terms:** All invoices are due and payable within {{payment_days}} days from the date of invoice.

3. **Interest on Overdue Accounts:** A monthly interest rate of {{interest_rate}}% will be applied to all overdue accounts.

4. **Credit Period:** The credit facility is granted for a period of {{credit_period}} months, renewable upon review.

5. **Payment Method:** Payments should be made via {{payment_method}} to {{bank_account_details}}.

CONDITIONS OF CREDIT

1. **Maintenance of Information:** The client agrees to promptly notify {{company_name}} of any material change in its financial standing, ownership, or operational details.

2. **Right to Revoke:** {{company_name}} reserves the right to review, adjust, or revoke this credit facility at any time, with reasonable notice.

3. **Application of Payments:** {{company_name}} reserves the right to apply payments made by the client against any outstanding invoices or charges, at its sole discretion.

4. **Jurisdiction:** This agreement shall be governed by and construed in accordance with the laws of {{country}}.

ACCEPTANCE OF TERMS

By utilising the credit account, {{client_company_name}} acknowledges and agrees to be bound by the terms and conditions set forth in this document.

Please sign and return a copy of this document to indicate your acceptance of these terms.

FOR {{company_name}}

Signature: _________________________

Name: {{company_representative_name}}

Title: {{company_representative_title}}

Date: {{signature_date}}

FOR {{client_company_name}}

Signature: _________________________

Name: {{client_representative_name}}

Title: {{client_representative_title}}

Date: {{signature_date}}