I attest by my electronic signature above, digitally recorded and time-stamped in accordance with federal E-Sign Act, that the information given in this application is truthful and accurate to the best of my knowledge and belief. I recognize that the fee payment and attestation portions herein constitute a binding agreement should I choose to proceed with my credit line.
I attest that I am the legal and rightful owner of the securities noted in this application.I agree that no tax advice, financial planning advice, insurance advice, or securities sale or trading advice has been provided to me by anyone associated with A. B. Nicholas including its agents, unless such individuals have demonstrated to me that they are fully licensed in my state of primary residence and permitted to lawfully provide such advice by virtue of their active licensure.
I agree that no funding through this program shall be used for tax avoidance where such taxes are due either at the state or federal level.
I agree that should I require any information on the tax benefits of utilizing the ABN credit line, I shall consult a licensed tax professional or CPA for guidance as necessary.
I am agreeing to pay A. B. Nicholas a fee for this loan service, and I understand without objection that the following table shall apply. I understand that all figures pertain to the maximum credit A. B. Nicholas has delivered, due following delivery as promised:
- If my maximum credit line authorization is above $1M:
A negotiable percentage between .50% & .99% of the line we’ve delivered to you.
- If my maximum credit line authorization is between $500K-$999K:
1% (one half of 1%) of maximum line we’ve delivered to you.
- If my maximum credit line authorization is between $250K-$499K:
1.5% (three fourths of 1%) of maximum line we’ve delivered to you.
- If my maximum credit line authorization is under $250K:
2% of maximum line we’ve delivered to you.
With my signature above, I am agreeing to pay the appropriate fee after my loan funds have been delivered to me and are available for draw as promised. I understand that I must pay this fee either by ACH wire, directly from my credit line, or from a valid credit card, and that checks are not accepted.
I understand and agree that I will only owe A. B. Nicholas this fee ONLY if I choose to proceed with this financing AND my funds have been delivered to me as agreed.
I understand that I will owe no other mandatory fee of any kind pursuant to this financing other than this one-time fee. I recognize that I am free to choose additional services from my lender on my own, however and that if I do so there may be addition fees for these optional services.
I hereby agree with my signature above to pay this A. B. Nicholas fee within one business day of the delivery and availability of my funds, regardless of how and when I may choose to withdraw or deploy these funds, only if I have chosen to proceed with my financing offer AND my funds have been delivered to me as promised.
With my signature I am also agreeing that I have:
1) Read the ABN Disclaimer (www.abnicholas.com/disclaimer) and
2) Read the ABN Privacy Statement (www.abnicholas.com/privacy)
I attest that I am a knowledgable investor with at least $100,000 in net worth.
I hereby accept without modification by my signature above and by submitting this application that this is a formal electronic agreement valid even if delivered or signed by electronic means in compliance with the federal ESign Act and any applicable contract law.