Payment Terms for Credit Accounts
Payment Terms: Monthly, Net 10 Days Purchases invoiced from the 1st through the end of the month are due by the 10th of the next month.
AmerisourceBergen Drug Corporation (“ABDC”) may change available payment terms from time to time. ABDC may adjust Price of Goods for different payment terms to reflect ABDC cost of funds and any resulting credit risk. Subject to credit approval, Applicant may request changes to payment terms upon thirty (30) days written notice prior to the beginning of a calendar month.
If payment is delinquent, ABDC may, in addition to ABDC’s right to exercise other remedies, withhold any credits or payments to Applicant, assess a per-day late payment fee of the lower of 0.05% (18%/360) or the maximum rate permitted by law on the outstanding balances until paid, beginning on the first (1st) business day after such due date, and may invoice a $50 processing fee for any dishonored payment.