Tool and Equipment Application Form

Relative

Contract Signee

Financial Director

3rd Contact

Landline

File Attachment

1. MAKE SURE THAT YOU ARE AWARE OF ALL THE CONDITIONS OF HIRE STATED ON THE REVERSE SIDE OF THE HIRE AGREEMENT.

2. THE CUSTOMER HEREBY ACKNOWLEDGES THAT SHOULD ANY AMOUNT NOT BE PAID ON DUE DATE I.E. (THE INITIAL DAY OF THE HIRE OR THE DAY THE HIRE AGREEMENT IS CLOSED AND ALL EQUIPMENT HAS BEEN RETURNED), THE ENTIRE OUTSTANDING BALANCE SHALL IMMEDIATELY BECOME DUE AND PAYABLE AND THE CUSTOMER SHALL PAY INTEREST NOT EXCEEDING PRIME OVERDRAFT RATE PER MONTH ON OVERDUE BALANCE.

3. IN THE EVENT OF NEED-A-TOOL INSTRUCTING ITS ATTORNEYS/COLLECTING AGENTS TO COLLECT ANY OVERDUE AMOUNTS, ALL LEGAL FEES AND COLLECTION CHARGES BETWEEN ATTORNEY AND CLIENT SHALL BE BORNE BY THE CUSTOMER AND ALL PAYMENTS MADE SHALL BE ALLOCATED FIRSTLY TOWARDS SUCH FEES AND CHARGES, THEREAFTER TO INTEREST AND FINALLY TO CAPITAL.

4. THE CUSTOMER HEREBY CONSENTS TO THE JURISDICTION OF THE MAGISTRATE’S COURT FOR ALL ACTION WHICH MAY BE INSTITUTED AGAINST IT FOR THE RECOVERY OF ANY AMOUNTS OWING TO NEED-A-TOOL.

5. IN THE EVENT THAT THE EQUIPMENT HIRED BY YOU IS RETURNED DAMAGED DUE TO NEGLIGENCE, YOU WILL BE HELD RESPONSIBLE FOR THE COST OF REPAIRING OR REPLACING THE ITEM(S) OF EQUIPMENT.

6. THE ONUS IS ON YOU AS THE CUSTOMER, TO ENSURE THE EQUIPMENTS SAFEKEEPING AND TO HAVE ADEQUATE INSURANCE COVER FOR EQUIPMENT HIRED. IF EQUIPMENT IS STOLEN FROM YOU WHILST IN YOUR POSSESSION YOU WILL BE RESPONSIBLE FOR THE REPLACEMENT OF HIRED ITEMS.

7. WE RESERVE THE RIGHT TO MAKE A 15% HANDLING CHARGE ON GOODS THAT ARE SOLD AND RETURNED FOR CREDIT.

8. ALL GOODS SOLD SHALL REMAIN THE PROPERTY OF NEED-A-TOOL, UNTIL FULLY PAID FOR.

9. IN THE EVENT THAT A REPRESENTATIVE/EMPLOYEE ACCEPTS AND SIGNS FOR EQUIPMENT HIRED ON BEHALF OF AN EMPLOYER/ORGANISATION OR IS REPRESENTING ANOTHER PERSON WHO HAS DIRECTED HIM / HER TO ACCEPT EQUIPMENT ON THEIR BEHALF AND UNDER THEIR NAME, THAN IT IS ACCEPTED THAT HE IS ACTING FOR SAID ORGANISATION/EMPLOYER/PERSON. THEREFORE, AS ITS REPRESENTATIVE THE ORGANISATION/EMPLOYER/PERSON ASSUMES RESPONSIBILITY FOR ALL CONDITIONS OF THIS HIRE AGREEMENT.

10. THE APPLICANT HEREBY ACKNOWLEDGES AND AGREES THAT: NEED-A-TOOL MAY

a) PERFORM A CREDIT SEARCH ON THE APPLICANTS RECORD WITH ONE OR MORE OF THE REGISTERED CREDIT BUREAU WHEN ASSESSING THE APPLICANTS APPLICATION FOR CREDIT.

b) MONITOR THE CREDIT APPLICANTS PAYMENT BEHAVIOUR BY RESEARCHING HIS / HER RECORD AT ONE OR MORE OF THE CREDIT BEREAU.

c) USE NEW INFORMATION AND DATA OBTAINED FROM CREDIT BEREAU IN RESPECT OF THE APPLICANTS FUTURE CREDIT APPLICATION.

d) RECORD THE EXISTENCE OF THE APPLICANTS ACCOUNT WITH ANY CREDIT BEREAU.

e) RECORD AND TRANSMIT DETAILS OF HOW THE APPLICANT HAS PERFORMED AND HOW THE ACCOUNT IS CONDUCTED BY THE APPLICANT IN MEETING HIS / HER OBLIGATIONS ON THE ACCOUNT.

f) USE INFORMATION OBTAINED FROM ONE OR MORE CREDIT BUREAU TO ASSESS FUTURE CREDIT APPLICATIONS BY THE APPLICANT AND MEMBERS OF HIS / HER FAMILY.

g) THE APPLICANT ACKNOWLEDGES AND AGREES THAT ANY INFORMATION REGARDING HIS / HER CREDIT WORTHINESS, DEFAULTS IN PAYMENT TO NEED-A-TOOL, AND DETAILS OF HOW HIS / HER ACCOUNT WITH NEED-A- TOOL IS CONDUCTED MAY BE DISCLOSED TO ANY OTHER CREDITOR OF THE APPLICANT OR TO ONE OR MORE CREDIT BEREAU.

THE SIGNATORY /IS HERETO BINDS HIMSELF / THEMSELVES JOINTLY AND SEVERALLY AS SURETY AND CO-PRINCIPAL DEBTOR/S IN SOLIDUM WITH THE CUSTOMER UNTO AND IN FAVOUR OF NEED-A-TOOL ITS ORDER OR ASSIGNS, FOR THE DUE PERFORMANCE OF THE CUSTOMER OF ALL ITS OBLIGATIONS TO NEED-A-TOOL.

I CERTIFY THAT

(1) THE ABOVE INFORMATION IS TRUE AND CORRECT.

(2) I AM AUTHORISED TO COMPLETE THIS APPLIACTION.

(3) I UNDERSTAND, ACKNOWLEDGE AND ACCEPT THE CONDITIONS ABOVE WITH NEED-A-TOOL AS WELL AS THE CPHA (CONTRACTOR PLANT HIRE ASSOCIATION) CONDITIONS OF HIRE FOUND ON THE REVERSE SIDE OF OUR HIRE AGREEMENTS.