office use:

AR#

Credit Line Application Form Date

Credit Limit

Name of Business Kindly submit copies of the following:

Address of Business _____________SEC registration, Articles of Incorporation

(corporation), Articles of Partneship (partnership); DTI
Billing Address (If Different from above): Certificate (single proprietorship)
_____________ Secretary's Certificate (corporation)
Telephone Fax _____________ VAT / Non-VAT Certificate
_____________ Latest Audited Financial Statement & ITR

Type of Company
Trade Finance Manufacturing

Airline Travel Agency Pharmaceutical

Expected montly room Purchase Php _______________________ Other Revenue:

Applied Credit Line : Php _______________________ Terms : (days) 15 30 Others ________

Business References
Company Contact Person Tel. / Fax Credit Limit Balance
(1) __________________ ______________________ _______________________ ____________________ ________________________

(2) __________________ ______________________ _______________________ ____________________ ________________________

(3) __________________ ______________________ _______________________ _____________________ ________________________

Bank References
Bank / Branch
Company Contact Person Tel. / Fax Authorized Signatory / Date
(1) __________________ ______________________ _______________________

(2) __________________ ______________________ _______________________

(3) __________________ ______________________ _______________________ Signature of Owner

To be accomplished by Sales Department

Revenue Last 3 months: Rooms ________________ F&B _________________ Others ______________________
Expected monthly revenue: Rooms ________________ F&B _________________ Others ______________________
Comments: _______________________________________________________________ Recommendation
Recommendation:from DOSM
______________________________________________________________________________ Credit Limit ___________________
______________________________________________________________________________ Terms ______________________

Recommended by: Processed by: Approved by: Approved by:

_______________ _______________ _______________ _______________

DIRECTOR OF SALES & MARKETING A/R Officer Finance Manager General Manager
 TERMS AND CONDITIONS interest, then due and outstanding but not less than PhP 5,000.00 as and
by the way of liquidated damages, aside from attorney's fees of not less
than PhP 10,000.00 and cost of suit.
The grant by The Harvest Hotel and the use by the application
of the credit line are deemed a privilege and not a right and are
subject to the following terms and conditions: 11. The failure of the applicant to settle its accounts on time
as herein provided, shall entitle the hotel to suspend the applicant's cre-
dit privilege, without need of notice to the applicant. The reinstatement by
1. The privilege is not transferrable. the hotel of the said credit privilege shall be at the sole discretion of the
hotel, regardless of whether the delinquent account has been paid or not.

2. The privilege of the applicant to use the credit line

may be withdrawn at the sole discretion of the hotel, at any time upon 12. The applicant and authorized signatories, in the event
written notice to the applicant. The exercise of the hotel of the said right of litigation arising from this agreement expressly agree that venue shall
shall in no way give rise to any right of action or legal claim for damages be exclusively be the proper court of the province or city where the hotel
in favor of the applicant against the hotel and the applicant hereby waives is located.
any such right(s) of action and any claim(s) for damages of any nature
against the hotel.
13. Should anyone or more of the foregoing conditions be
judicially declared unenforceable or void or invalid, the same shall not
3. The applicant must immediately notify the hotel in writing affect the enforceability or validity of the other conditions not included
if the authority of the person(s) using the credit line has ceased. Any and or affected by the said declaration, nor shall the same relieve the appli-
all transactions entered into with the hotel, for and in the behalf of the cant or the person jointly or severally of their obligations to pay the amount
applicant, including any and all bills and other charges signed at the hotel due to the hotel.
under this agreement prior to the hotel's receipt of the written notice shall be
deemed valid use by the applicant of its credit line, and all the persons
solidarily liable with it. 14. No amendment of any of the conditions herein contained
shall be deemed to have been affected unless the same is reduced to
writing and is signed by the parties hereto. Further, no such amendment
4. The applicant shall be liable to the hotel for the payment of all charges duly made shall be deemed to affect the joint and several liability of the
incurred through and charged against the credit line, as well as for any and applicant and the authorized signatories and any other persons jointly
all penalties and damages in connection therewith and severally liable with the applicant hereunder.

5. The credit facility can only be utilized at the hotel. 15. The failure of the hotel to enforce any or all of the
foregoing conditions shall not be deemed waive relinquishment of the
same, nor shall such non-enforcement effect the liablity of the persons,
6. A letter of authority (LOA) signed by the authorized signatory jointly and severally liable with the applicant hereunder.
shall be forwarded to the hotel for every availment of the credit facility.
IMPORTANT

7. All charges are payable without need of demand within the term of 1. Please completely sign and return this application form
payment granted under this credit line application (i.e 7 or 15 or 30 to the Finance Department of the hotel.
calendar days from receipt of bill or Statement of Account from the hotel.

8. For corporate accounts, the signed contract and signed amendments 2. The hotel reserves the right to reject any application and
shall be the basis for room accommodation billings and no attachment shall is not obligated to disclose the reason for rejection.
be provided by the hotel.

3. Be advised that the hotel will check with your credit

9. The applicant shall have two(2) working days from the receipt references as regards to your record of payments.
of the hotel bills and/ or statement of account within which to verify or question
the accuracy of the same. After the period, the applicant shall be deemed to
have accepted as true and correct the entries and sums stated in the bill and/ 4. By signing on the spaces hereunder indicated,
or statement of account. the applicants and its authorized signatories are deemed to have
accepted all the foregoing terms and conditions, as well as to be bound
thereby.
10. Delinquent account shall be subject to monthly interest of 2% on
a cumulative basis from the date due and payable. Furthermore, should it be
necessary for the hotel to refer the account to a collection agency or to legal NAME OF APPLICANT
counsel to enforce payment thereof, the applicant shall, in addtion to the fore-
going, pay the hotel twenty five (25%) percent of the entire amount, including
AUTHORIZED SIGNATORY OF APPLICANT