Page | ||||
ARTICLE I. PURCHASE ARRANGEMENTS | 1 | |||
Section 1.1 Purchase Facility | 1 | |||
Section 1.2 Incremental Purchases | 2 | |||
Section 1.3 Decreases | 2 | |||
Section 1.4 Deemed Collections; Purchase Limit | 3 | |||
Section 1.5 Payment Requirements and Computations | 4 | |||
Section 1.6 Extension of Termination Date | 4 | |||
Section 1.7 Sharing of Payments, etc | 5 | |||
ARTICLE II. PAYMENTS AND COLLECTIONS | 5 | |||
Section 2.1 Payments of Recourse Obligations | 5 | |||
Section 2.2 Collections Prior to the Final Facility Termination Date; Repayment of Certain Demand Advances | 5 | |||
Section 2.3 Repayment of Demand Advances on the Final Facility Termination Date; Collections | 6 | |||
Section 2.4 Payment Recission | 7 | |||
Section 2.5 Clean Up Call | 7 | |||
ARTICLE III. COMMERCIAL PAPER FUNDING | 7 | |||
Section 3.1 CP Costs | 7 | |||
Section 3.2 Calculation of CP Costs | 8 | |||
Section 3.3 CP Costs Payments | 8 | |||
Section 3.4 Default Rate | 8 | |||
ARTICLE IV. BANK RATE FUNDINGS | 8 | |||
Section 4.1 Bank Rate Fundings | 8 | |||
Section 4.2 Yield Payments | 8 | |||
Section 4.3 Bank Rate Funding Yield Rates | 8 | |||
Section 4.4 Suspension of the LIBO Rate | 9 | |||
Section 4.5 Default Rate | 9 | |||
ARTICLE V. REPRESENTATIONS AND WARRANTIES | 9 | |||
Section 5.1 Representations and Warranties of the Seller | 9 | |||
Section 5.2 Representations and Warranties of the Seller With Respect to Each Sale of Receivables | 12 | |||
Section 5.3 Representations and Warranties of Servicer | 13 | |||
ARTICLE VI. CONDITIONS OF PURCHASES | 16 |
i
Page | ||||
Section 6.1 Conditions Precedent to Initial Incremental Purchase | 16 | |||
Section 6.2 Conditions Precedent to All Purchases and Reinvestments | 17 | |||
ARTICLE VII. COVENANTS | 17 | |||
Section 7.1 Affirmative Covenants of the Seller | 17 | |||
Section 7.2 Negative Covenants of the Seller | 23 | |||
Section 7.3 Affirmative Covenants of the Servicer | 25 | |||
Section 7.4 Negative Covenants of the Servicer | 29 | |||
ARTICLE VIII. ADMINISTRATION AND COLLECTION | 30 | |||
Section 8.1 Designation of Servicer | 30 | |||
Section 8.2 Duties of Servicer | 31 | |||
Section 8.3 Collection Notices | 32 | |||
Section 8.4 Responsibilities of Seller | 33 | |||
Section 8.5 Settlement Reports | 33 | |||
Section 8.6 Servicing Fee | 33 | |||
ARTICLE IX. AMORTIZATION EVENTS | 34 | |||
Section 9.1 Amortization Events | 34 | |||
Section 9.2 Remedies | 37 | |||
ARTICLE X. INDEMNIFICATION | 38 | |||
Section 10.1 Indemnities by the Seller Parties | 38 | |||
Section 10.2 Increased Cost and Reduced Return | 40 | |||
Section 10.3 Other Costs and Expenses | 41 | |||
ARTICLE XI. THE AGENTS | 41 | |||
Section 11.1 Appointment and Authorization | 41 | |||
Section 11.2 Delegation of Duties | 42 | |||
Section 11.3 Exculpatory Provisions | 42 | |||
Section 11.4 Reliance by Agents | 42 | |||
Section 11.5 Notice of Amortization Events | 43 | |||
Section 11.6 Non-Reliance on Administrator, Purchaser Agents and Other Purchasers | 44 | |||
Section 11.7 Administrators and Affiliates | 44 | |||
Section 11.8 Indemnification | 44 | |||
Section 11.9 Successor Administrator | 45 | |||
ARTICLE XII. ASSIGNMENTS AND PARTICIPATIONS | 45 | |||
Section 12.1 Successors and Assigns; Participations; Assignments | 45 |
ii
Page | ||||
ARTICLE XIII. MISCELLANEOUS | 47 | |||
Section 13.1 Waivers and Amendments | 47 | |||
Section 13.2 Notices | 47 | |||
Section 13.3 Protection of Administrator’s Security Interest | 48 | |||
Section 13.4 Confidentiality | 49 | |||
Section 13.5 Bankruptcy Petition | 49 | |||
Section 13.6 Limitation of Liability | 50 | |||
Section 13.7 CHOICE OF LAW | 50 | |||
Section 13.8 CONSENT TO JURISDICTION | 50 | |||
Section 13.9 WAIVER OF JURY TRIAL | 50 | |||
Section 13.10 Integration; Binding Effect; Survival of Terms | 51 | |||
Section 13.11 Counterparts; Severability; Section References | 51 | |||
Section 13.12 Characterization | 51 |
iii
Exhibit I Definitions | |
Exhibit II Form of Purchase Notice | |
Exhibit III Places of Business of the Seller Parties; Locations of Records; Federal Employer Identification Number(s) | |
Exhibit IV Names of Collection Banks; Collection Accounts | |
Exhibit V Form of Compliance Certificate | |
Exhibit VI Form of Collection Account Agreement | |
Exhibit VII Credit and Collection Policy | |
Exhibit VIII Form of Settlement Report | |
Exhibit IX Form of Assumption Agreement | |
Exhibit X Form of Transfer Supplement | |
Exhibit XI Form of Contract(s) | |
Exhibit XII Form of Performance Undertaking | |
Exhibit XIII List of Responsible Officers | |
Exhibit XIV Form of Interim Settlement Report | |
Exhibit XV Form of Reduction Notice | |
Exhibit XVI Form of Legend | |
Exhibit XVII Form of Collection Account Amendment and Assignment | |
Schedule A Closing Documents |
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AMERISOURCE RECEIVABLES FINANCIAL CORPORATION | ||||
By: | /s/ J.F. Quinn | |||
Title: Vice President and Corporate Treasurer |
Address: | Amerisource Receivables Financial Corporation P. O. Box 1735 Southeastern, PA 19399 | |
Attention: | Jack Quinn | |
Telephone: | (610) 727-7453 | |
Facsimile: | (610) 727-3639 |
AMERISOURCEBERGEN DRUG CORPORATION, as Servicer | ||||
By: | /s/ J.F. Quinn | |||
Title: Vice President and Corporate Treasurer |
Address: | AmerisourceBergen Drug Corporation 1300 Morris Drive Chesterbrook, PA 19087 | |
Attention: | Jack Quinn | |
Telephone: | (610) 727-7116 | |
Facsimile: | (610) 727-3639 |
Receivables Purchase Agreement |
S-1
as a Conduit Purchaser
BY: | WACHOVIA CAPITAL MARKETS, LLC, | |||
ITS ATTORNEY-IN-FACT | ||||
By: | /s/ Douglas R. Wilson, Sr. | |||
Title: Vice President |
Address: | Wachovia Capital Markets, LLC 301 South College Street Charlotte, NC 28288 | |
Attention: | Doug Wilson | |
Telephone: | (704) 374-2520 | |
Facsimile: | (704) 383-9579 |
Blue Ridge Asset Funding Corporation
c/o AMACAR Group, L.L.C.
6525 Morrison Boulevard,
Suite 318
Charlotte, NC 28211
WACHOVIA BANK, NATIONAL ASSOCIATION,
as Administrator and as Purchaser Agent and
Related Committed Purchaser for
Blue Ridge Asset Funding Corporation
By: | /s/ Victoria A. Dudley | |||
Title: Managing Director |
Address: | Wachovia Bank, National Association 191 Peachtree Street, NE 22nd Floor Mail Code GA8047 Atlanta, GA 30303 | |
Attention: | Cecil Noble | |
Telephone: | (404) 332-4209 | |
Facsimile: | (404) 332-5152 |
Receivables Purchase Agreement |
S-2
as a Conduit Purchaser
By: | FLEET SECURITIES, INC., as attorney-in-fact | |||
By: | /s/ Jolin T. Hackett III | |||
Title: Managing Director |
100 Federal Street
Boston, Massachusetts 02110
Attention: John T. Hackett III
Telephone: (617) 434-4702
Telecopy: (617) 434-5719
FLEET NATIONAL BANK, as a Related Committed Purchaser
for EagleFunding Capital Corporation
By: | FLEET SECURITIES, INC. | |||
By: | /s/ Thomas M. Callhoun | |||
Name: Thomas M. Callhoun Title: Managing Director |
100 Federal Street
Boston, Massachusetts 02110
Attention: Peter M. Benham
Telephone: (617) 434-5241
Telecopy: (617) 434-5719
Receivables Purchase Agreement |
S-3
EagleFunding Capital Corporation and its Related Committed Purchasers
By: | /s/ John T. Hackett III | |||
Title: Managing Director |
100 Federal Street
Boston, Massachusetts 02110
Attention: John T. Hackett III
Telephone: (617) 434-4702
Telecopy: (617) 434-5719
Receivables Purchase Agreement |
S-4
By: | /s/ Andrew L. Stidd | |||
Title: President |
Liberty Street Funding Corp.
c/o Global Securitization Services, LLC
114 West 47th Street, Suite 1715
New York, New York 10036
Attention: Andrew L. Stidd
Telephone No.: (212) 302-5151
Facsimile No.: (212) 302-8767
THE BANK OF NOVA SCOTIA, as Administrator
and as Purchaser Agent and Related Committed Purchaser
for Liberty Street Funding Corp.
By: | /s/ Michael Eden | |||
Title: Director |
One Liberty Plaza
New York, New York 10006
Attention: Michael Eden
Telephone No.: (212) 225-5237
Facsimile No.: (212) 225-5274
Commitment: $250,000,000
Receivables Purchase Agreement |
S-5
as a Conduit Purchaser
By: | CREDIT LYONNAIS, its attorney-in-fact | |||
By: | /s/ Conrad Meyer | |||
Title: Director |
New York, New York 10019-6022
Attn: Conrad A. Meyer
Telephone: (212) 261-7609
Telecopy: (212) 459-3258
CREDIT LYONNAIS, as Administrator
and as Purchaser Agent and Related Committed Purchaser
for Atlantic Asset Securitization Corp.
By: | /s/ Conrad Meyer | |||
Title: Director |
New York, New York 10019-6022
Attn: Conrad A. Meyer
Telephone: (212) 261-7609
Telecopy: (212) 459-3258
Commitment: $200,000,000
Receivables Purchase Agreement |
S-6
MARKET STREET FUNDING CORPORATION, as a Conduit Purchaser | ||||
By: | /s/ Douglas K. Johnson | |||
Title: President |
6525 Morrison Boulevard,
Suite 318
Charlotte, NC 28211
United States of America
PNC BANK, NATIONAL ASSOCIATION, as Administrator
and as Purchaser Agent and Related Committed Purchaser
for Market Street Funding Corporation
By: | /s/ John T. Smathers | |||
Title: Vice President |
249 Fifth Avenue
Pittsburgh, Pennsylvania 15222
Attention: John Smathers
Telephone: (412) 762-6440
Telecopy: (412) 762-9184
Commitment: $100,000,000
Receivables Purchase Agreement |
S-7
I-1
I-2
I-3
I-4
I-5
I-6
I-7
I-8
I-9
I-10
I-11
I-12
I-13
I-14
Allowable % of | ||||
Eligible | ||||
S&P Rating | Moody’s Rating | Receivables | ||
A-1 | P-1 | 11.00% | ||
A-2 | P-2 | 6.00% | ||
A-3 | P-3 | 3.00% | ||
Below A-3 or not rated by either S&P or Moody’s | Below P-3 or not rated by either S&P or Moody’s | 2.50% |
I-15
I-16
I-17
RR | ||||||||||
IA x(1 + | ___ | ) | ||||||||
AIA | ||||||||||
NPB |
IA | = | the Invested Amount of such Receivable Interest. | ||||
AIA | = | the Aggregate Invested Amount. | ||||
NPB | = | the Net Pool Balance. | ||||
RR | = | the Required Reserve. |
I-18
I-19
I-20
I-21
I-22
dated _____, 20___
for Purchase on _____, 20___
191 Peachtree Street, N.E., GA-8047
Atlanta, Georgia 30303
Attention: Cecil Noble, Fax No. (404) 332-5152
[Address to each Purchaser Agent]
Ladies and Gentlemen:
II-1
(i) Blue Ridge Asset Funding Corporation’s Purchaser Group: | $ | |||
(ii) EagleFunding Capital Corporation’s Purchaser Group: | $ | |||
(iii) Liberty Street Funding Corp.’s Purchaser Group: | $ | |||
(iv) Atlantic Asset Securitization Corp.’s Purchaser Group: | $ | |||
(v) Market Street Funding Corporation’s Purchaser Group: | $ |
[AmerisourceBergen Drug Corporation, as Servicer, on behalf of:] Amerisource Receivables Financial Corporation, as Seller | ||||
By: | ||||
Name: | ||||
Title: |
II-2
Name of Location | Address/Location of Records | |
Chesterbrook | 1300 Morris Drive, Suite 100, Chesterbrook, PA 19087 | |
Orange | 4000 Metropolitan Drive, Orange, CA 92868 | |
Atlanta | 1085 Satellite Blvd., Suwanee, GA 30024 | |
Birmingham | 172 Cahaba Valley Pkwy., Pelham, AL 35124 | |
Boston | 101 Norfolk Street, Mansfield, MA 02048 | |
Chicago | 980 Lombard Road, Lombard, IL 60148 | |
Columbus | 1200 E. 5th Avenue, Columbus, OH 43219 | |
Corona | 1851 California Avenue, Corona, CA 92881 | |
Dallas | 1229 Avenue R, Grand Prairie, TX 75050 | |
Dallas | 1841 Monetary Lane, Carrollton, TX 75006 | |
Denver | 501 W. 44th Avenue, Denver, CO 80216 | |
Honolulu | 238 Sand Island Access Rd. #M1, Honolulu, HI 96819 | |
Houston | 12727 W. Airport Blvd., Sugar Land, TX 77478 | |
Johnson City | 410 Princeton Road, Johnson City, TN 37601 | |
Kansas City | 1501 Southern Road, Kansas City, MO 64120 | |
Louisville (Pharmabuy) | 7841 National Turnpike, Louisville, KY 40214 | |
Louisville | 244 E. Woodlawn Ave., Louisville, KY 40214 | |
Meridian | 6300 St. Louis Street, Meridian, MS 39301 | |
Minneapolis | 6810 Shady Oak Rd., Eden Prairie, MN 55344 | |
Mishawaka | 1655 E. 12th Street, Mishawaka, IN 46544 | |
Mobile | 85 Sidney Phillips Drive, Mobile, AL 36607 | |
Montgomery | 2061 W. Fairview Ave., Montgomery, AL 36108 | |
Nashville | 12980 Old Hickory Rd., Antioch, TN 37013 | |
Orlando | 2100 Directors Row, Orlando, FL 32809-6234 | |
Orlando | 2702 Directors Row, Orlando, FL 32809 | |
Paducah | 322 North 3rd Street, Paducah, KY 42001 | |
Phoenix | 1825 S. 43rd Avenue, Phoenix, AZ 85009 | |
Pinebrook | Rte. 80 @ Hook Mountain Rd., Pine Brook, NJ 07058 | |
Raleigh | 8605 Ebenezer Church Rd., Raleigh, NC 27613 | |
Richmond | 9900 J.E.B. Stuart Pkwy., Glen Allen, VA 23060 | |
Rita Ann | 8410 B Kelso Drive, Baltimore, MD 21221 | |
Sacramento Admin Office | 2520 Venture Oaks Way, Suite 140, Sacramento, CA 95833 | |
Salt Lake City | 1765 Fremont Drive, Salt Lake City, UT 84104 | |
San Antonio | 1949 Hormel Drive, San Antonio, TX 78219 | |
San Jose | 450 Charcot Avenue, San Jose, CA 95131 | |
Seattle | 19220 64th Avenue South, Kent, WA 98032 | |
St. Joseph | 3907 S. 48th Terrace, St. Joseph, MO 64503 | |
St. Louis | 8190 Lackland Road, St. Louis, MO 63114-4524 | |
Tulsa | 9401 E. 54th Street, Tulsa, OK 74145 | |
Thorofare | 100 Friars Lane, Thorofare, NJ 08086 | |
Toledo | 3145 Nebraska Avenue, Toledo, OH 43607 | |
Valencia | 24903 Avenue Kearny, Valencia, CA 91355 | |
Williamston | One Industrial Park, Williamston, MI 48895 |
AmeriSource Receivables Financial Corporation
Federal Tax Identification Number: 23-2999097 | ||||
Delaware Corporation Organization Number: 3031303 |
III-1
IV-1
EXHIBIT A
Company | Division | Bank | Account # | Account Name | Type | Lockbox(es) | Status | |||||||||||
Amerisource Receivables Financial Corporation | ||||||||||||||||||
ARFC | Rita Ann- Baltimore, MD | Allfirst Bank | Amerisource Receivables Financial Corporation — Rita Ann | Depository | 1596 | Open | ||||||||||||
ARFC | Corp- Chesterbrook, PA | Bank of America | Amerisource Receivables Financial Corporation | Master | NA | Open | ||||||||||||
ARFC | Birmingham, AL | Bank of America | Amerisource Receivables Financial Corporation | Depository | 403279 | Open | ||||||||||||
ARFC | Columbus, OH | Bank of America | Amerisource Receivables Financial Corporation | Depository | 12581 | Open | ||||||||||||
Toledo/Louisville | ||||||||||||||||||
ARFC | Dallas, TX | Bank of America | Amerisource Receivables Financial Corporation | Depository | 8410046 | Open | ||||||||||||
ARFC | Mishawaka, IN | Bank of America | Amerisource Receivables Financial Corporation | Depository | 12571 | Open | ||||||||||||
ARFC | Orlando, FL | Bank of America | Amerisource Receivables Financial Corporation | Depository | 502978/403163 | Open | ||||||||||||
ARFC | Johnson City, TN | Bank of America | Amerisource Receivables Financial Corporation | Depository | 502964 | Open | ||||||||||||
ARFC | Minneapolis, MN | Bank of America | Amerisource Receivables Financial Corporation | Depository | 502620 | Open | ||||||||||||
ARFC | Paducah, KY | Bank of America | Amerisource Receivables Financial Corporation | Depository | 503270 | Open | ||||||||||||
ARFC | Columbus, OH | Bank One | Amerisource Receivables Financial Corporation | Depository | 0813 | Open | ||||||||||||
Toledo, OH | ||||||||||||||||||
ARFC | St. Joseph, MO | Commerce Bank | Amerisource Receivables Financial Corporation | Depository | 802240 | Open | ||||||||||||
ARFC | Mishawaka, IN | First Source Bank | Amerisource Receivables Financial Corporation | Depository | 4181 | TBC March 2003 | ||||||||||||
ARFC | Thorofare, NJ | First Union Nat’l Bank | Amerisource Receivables Financial Corporation | Depository | 52598 | Open | ||||||||||||
ARFC | Corp- Chesterbrook, PA | First Union Nat’l Bank | Amerisource Receivables Financial Corporation | Depository | NA | Open | ||||||||||||
ARFC | Corp- Chesterbrook, PA | First Union Nat’l Bank | Amerisource Receivables Financial Corporation | Master | NA | Open | ||||||||||||
ARFC | Thorofare, NJ | First Union Nat’l Bank | Amerisource Receivables Financial Corporation | Depository | 8500-41950 | Open | ||||||||||||
ARFC | Springfield, MA | First Union Nat’l Bank | Amerisource Receivables Financial Corporation | Depository | 54873 | Open | ||||||||||||
ARFC | Corp- Chesterbrook | PNC Bank | Amerisource Receivables Financial Corporation | Depository | NA | Open | ||||||||||||
ARFC | Hawaii | Bank of Hawaii | Amerisource Receivables Financial Corporation | Depository | 31000-5356 | Open | ||||||||||||
ARFC | Chicago, IL | Bank One | Amerisource Receivables Financial Corporation | Depository | 21978, 100708, | Open | ||||||||||||
Corona, CA | 22016, 22103, | |||||||||||||||||
Denver, CO | 100459, 100741, | |||||||||||||||||
Kansas City, MO | 21983, 100801, | |||||||||||||||||
Phoenix, AZ | 100491, 24900, | |||||||||||||||||
Sacramento, CA | 730034, 100806, | |||||||||||||||||
Salt Lake City, UT | 27550 | |||||||||||||||||
San Jose, CA | ||||||||||||||||||
Seattle, WA | ||||||||||||||||||
St. Louis, MO | ||||||||||||||||||
Tulsa, OK | ||||||||||||||||||
Valencia, CA | ||||||||||||||||||
Williamston, MI | ||||||||||||||||||
ARFC | Corp-Orange, CA | Chase Manhattan Bank | Amerisource Receivables Financial Corporation | Master | NA | Open | ||||||||||||
ARFC | Corp-Orange, CA | PNC Bank | Amerisource Receivables Financial Corporation | Master | NA | Open | ||||||||||||
ARFC | Atlanta, GA | PNC Bank | Amerisource Receivables Financial Corporation | Depository | 530431, 642723, | Open | ||||||||||||
Boston, MA | 676337, 676380, | |||||||||||||||||
Dallas, TX | 530439, 530448, | |||||||||||||||||
Houston, TX | 530456, 530463, | |||||||||||||||||
Meridian, MS | 530477, 642755. | |||||||||||||||||
Mobile, AL | 530494, 642800, | |||||||||||||||||
Montgomery, AL | 676405 | |||||||||||||||||
Nashville, TN | ||||||||||||||||||
Orlando, FL | ||||||||||||||||||
Pine Brook, NJ | ||||||||||||||||||
Raleigh, NC | ||||||||||||||||||
Richmond, VA | ||||||||||||||||||
San Antonio, TX | ||||||||||||||||||
ARFC | Kansas City, KS | PNC Bank | Amerisource Receivables Financial Corporation | Depository | 771732 | Open | ||||||||||||
ARFC | Tulsa, OK | PNC Bank | Amerisource Receivables Financial Corporation | Depository | 667604 | Open | ||||||||||||
ARFC | Mansfield, MA | PNC Bank | Amerisource Receivables Financial Corporation | Depository | 643393 | Open | ||||||||||||
ARFC | Raleigh, NC | PNC Bank | Amerisource Receivables Financial Corporation | Depository | 643364 | Open | ||||||||||||
ARFC | Richmond, VA | PNC Bank | Amerisource Receivables Financial Corporation | Depository | 643376 | Open | ||||||||||||
ARFC | Corp-Orange, CA | PNC Bank | Amerisource Receivables Financial Corporation | Depository | NA | Open | ||||||||||||
ARFC | PharmaBuy | PNC Bank | Amerisource Receivables Financial Corporation | Depository | 771530 | Open | ||||||||||||
Louisville, KY | ||||||||||||||||||
ARFC | Corp-Orange, CA | Wells Fargo Bank | Amerisource Receivables Financial Corporation | Depository | 77825 | Open |
By: | ||||
Name: | ||||
Title: | ||||
V-1
Sch. I
[Collection Bank Address]
Attn: _____
Fax No. (_____) ____
VI-1
Bank Name: | Wachovia Bank, National Association | |||
Location: | Charlotte, North Carolina | |||
ABA Routing No.: | ABA # 053000219 | |||
Credit Account No.: | For credit to Blue Ridge Asset Funding Account #2000010384921 | |||
Account Name: | CP Liability Account | |||
Reference: | Blue Ridge/Amerisource Receivables Financial Corporation | |||
Attention: | Sherry McInturf, tel. (704) 715-1125 |
Wachovia Bank, National Association, as Administrator 191 Peachtree Street Mail Stop GA-8047 Atlanta, GA 30303 Attn: Cecil Noble, Asset-Backed Finance FAX: (404) 332- 5152 |
VI-2
VI-3
VI-4
Very truly yours, [NAME OF CURRENT LOCK-BOX OWNER] | ||||
By: | ||||
Name: | ||||
Title: | ||||
AMERISOURCE RECEIVABLES FINANCIAL CORPORATION | ||||
By: | ||||
Name: | ||||
Title: |
VI-5
Acknowledged and agreed to as of the date first above written: | ||||
[COLLECTION BANK] | ||||
By: | ||||
Title: | ||||
WACHOVIA BANK, NATIONAL ASSOCIATION,as Administrator | ||||
By: | ||||
Title: |
VI-6
[Collection Bank Address]
Attn: _____
Fax No. (_____) _____
Very truly yours, WACHOVIA BANK, NATIONAL ASSOCIATION, asAdministrator | ||||
By: | ||||
Title: |
Annex A
Sch. 1
VII-1
VIII-1
for the Month Ended:
($)
1. Beginning of Month Balance: (Total A/R Outstanding | ||||||||
2. Gross Sales (Domestic & Foreign): | ||||||||
3. Deduct | ||||||||
a. Total collections: | ||||||||
b. Dilution | ||||||||
c. Net Write Offs | ||||||||
d. Misc. Non-Dilutive Adj. | ||||||||
4. | ||||||||
a. Calculated Ending A/R Balance[(1) + (2) - (3 a,b,c)+3d)]: | ||||||||
b. Reported Ending A/R Balance | ||||||||
c. Difference (if any) | ||||||||
5. Deduct | ||||||||
a. Delinquent Receivables | ||||||||
b. Defaulted Receivables | ||||||||
c. Bankrupt Customers < 60 DPD | ||||||||
d. Intercompany/affiliate Receivables < 60 DPD | ||||||||
e. Foreign Receivables < 60 DPD | ||||||||
f. Total Government | ||||||||
g. Contra Relationships | ||||||||
h. Cross Age Test 50% > 60 DPD | ||||||||
i. Excess Receivables with terms 31-60 Days | ||||||||
j. Excess Receivables with terms 61-90 Days | ||||||||
k. Notes Receivables | ||||||||
l. Unapplied Cash (if not excluded from aging) | ||||||||
m. Excess Futures (>3.5% of Total AR) | ||||||||
n. Other Ineligibles | ||||||||
o. Total Ineligibles | ||||||||
6. Eligible Receivables [(4 b) - (5.o)]: | ||||||||
7. Deduct Excess Concentration: | ||||||||
8. Deduct Rebate Reserve | ||||||||
9. Net Pool Balance [(6) - (7)]: | ||||||||
Current | One Month | Two Months | Three Months | |||||||||||||||||||||
10. | Aging Schedule: | Month | % | Prior | Prior | Prior | ||||||||||||||||||
a | Futures | |||||||||||||||||||||||
b | Current | |||||||||||||||||||||||
c | 1-30 Days Past Due | |||||||||||||||||||||||
d | 31-60 Days Past Due | |||||||||||||||||||||||
e | Gross Balance 61-90 DPD | |||||||||||||||||||||||
f | Gross Balance 91-120 DPD | |||||||||||||||||||||||
g | Gross Balance 121-150 DPD | |||||||||||||||||||||||
h | Gross Balance 151 + DPD | |||||||||||||||||||||||
i | Bergen Credit Balances 61 + DPD | |||||||||||||||||||||||
Total | ||||||||||||||||||||||||
For the Month Ended:
($)
11. CP Outstanding | ||||||||
12. Required Reserve % | ||||||||
13. Required Reserve [(8) x (11)]: | ||||||||
14. Funding Available | ||||||||
15. Additional Availability or (Required Paydown) | ||||||||
III. Compliance | ||||||||
18. Asset Interest [(10) + (12)/(8)] < 100%: | In Compliance | |||||||
17. 3M Avg. Delinquency Ratio | In Compliance | |||||||
18. 3M Avg. Default Ratio | In Compliance | |||||||
19. 3M Avg. Dilution Ratio | In Compliance | |||||||
20. 1M DSO Ratio | In Compliance | |||||||
21. Facility Limit [(12)<= $1,050,000,000 | In Compliance | |||||||
For the Month Ended:
($)
Allowable Percentage | Max. Allowable Balance | Credit Rating | ||||||||
5.50 | % | $ | 0 | Advance PCS | ||||||
8.00 | % | $ | 0 | Long’s | ||||||
2.50 | % | $ | 0 | NR/NR | ||||||
3.00 | % | $ | 0 | A3/P3 | ||||||
6.00 | % | $ | 0 | A2/P2 | ||||||
11.00 | % | $ | 0 | A1/P1 | ||||||
11.00 | % | $ | 0 | A1+/P1 |
Largest | Short-Term | Allowable | Total | Allowable | Excess | |||||||||||||||||||
Obligors | Debt Rating | Percentage | Receivables | Receivables | Receivables | |||||||||||||||||||
1 | ||||||||||||||||||||||||
2 | ||||||||||||||||||||||||
3 | ||||||||||||||||||||||||
4 | ||||||||||||||||||||||||
5 | ||||||||||||||||||||||||
6 | ||||||||||||||||||||||||
7 | ||||||||||||||||||||||||
8 | ||||||||||||||||||||||||
9 | ||||||||||||||||||||||||
10 | ||||||||||||||||||||||||
11 | ||||||||||||||||||||||||
12 | ||||||||||||||||||||||||
13 | ||||||||||||||||||||||||
14 | ||||||||||||||||||||||||
15 | ||||||||||||||||||||||||
Total | ||||||||||||||||||||||||
Signed: | Date: | |||||||
Title: |
FORM OF ASSUMPTION AGREEMENT
[ ], as a Conduit Purchaser | ||||
By: | ||||
Name Printed: | ||||
Title: | ||||
[Address] [ ], as a Related Committed Purchaser | ||||
By: | ||||
Name Printed: | ||||
Title: | ||||
[Address] [Commitment] [ ], as Funding Agent for [ ] | ||||
By: | ||||
Name Printed: | ||||
Title: | ||||
[Address] |
AMERISOURCE RECEIVABLES FINANCIAL CORPORATION, as Seller | ||||
By: | ||||
Name Printed: | ||||
Title: |
Consented and Agreed: WACHOVIA BANK, NATIONAL ASSOCIATION, as administrator | ||||
By: | ||||
Name Printed: | ||||
Title: | ||||
By: | ||||
Name Printed: | ||||
Title: | ||||
Consented and Agreed: [THE PURCHASERS] |
with respect to
Amerisource Receivables Financial Corporation
Receivables Purchase Agreement
Commitment assigned: | $ | __________ | ||
Assignor’s remaining Commitment: | $ | __________ | ||
Invested Amount allocable to Commitment assigned: | $ | __________ | ||
Assignor’s remaining Invested Amount: | $ | __________ | ||
Discount (if any) allocable to Invested Amount Assigned: | $ | __________ | ||
Discount (if any) allocable to Assignor’s Remaining Invested Amount: | $ | __________ |
Effective Date of this Transfer Supplement: | [________ __, 20, ____] |
ASSIGNOR | [__________], | |||
as a Related Committed Purchaser | ||||
By: | ||||
Name: | ||||
Title: | ||||
ASSIGNEE: | [__________], | |||
as a Related Committed Purchaser | ||||
By: | ||||
Name: | ||||
Title: | ||||
[Address] |
written:
As Funding Agent for the
[_____] Purchaser Group
By: | ||||
Name: | ||||
Title: | ||||
IX-1
IX-2
Fax: |
1 | Pricing/Payment Terms | ||
2 | Value-Added Services | ||
3 | Provisions |
CUSTOMER: | DISTRIBUTOR: | |||||||||||||
AmerisourceBergen Drug Corporation | ||||||||||||||
By: | By: | |||||||||||||
Name: | Name: | |||||||||||||
Title: | Title: | |||||||||||||
IX-3
PRIME VENDOR AGREEMENT
PRICING / PAYMENT TERMS
Pricing Tiers | Price of Goods* | |||||||||||||
Average Per-Facility Monthly Net Purchase Volume | Weekly | |||||||||||||
No. | Branded Rx Pharmaceutical Products | Semi-Monthly | Weekly | Pre-Pay | ||||||||||
1 | to | [*****] | [*****] | [*****] | ||||||||||
2 | $ | 0.01 | to | [*****] | [*****] | [*****] | ||||||||
3 | $ | 0.01 | to | [*****] | [*****] | [*****] | ||||||||
4 | $ | 0.01 | to | [*****] | [*****] | [*****] | ||||||||
5 | $ | 0.01 | to | [*****] | [*****] | [*****] | ||||||||
6 | $ | 0.01 | & | Above | [*****] | [*****] | [*****] | |||||||
HBC/OTC Products | [*****] | [*****] | [*****] | |||||||||||
PRO Generics, repackaged branded Rx, drop shipments, supplies (bottles & vials), home healthcare (DME), private label, food, nutritionals, gift items, school and office supplies, fragrance, cosmetics, slow-moving items, bulk/case goods, etc. | SuperNet** |
* | “Cost” means (i) the price on a manufacturer/supplier’s current price list on the date Product is shipped to Customer, or (ii) any applicable Customer/GPO contract price authorized by a supplier and maintained in a Distributor bid file. “Cost” is subject to Distributor’s receiving from all suppliers (x) a two percent (2%) or greater cash discount and 30 days or better terms; and (y) Product delivered to Distributor FOB its facilities; Cost will be adjusted accordingly if discounts and terms are less favorable or Distributor pays transportation and related costs to receive Products. No other adjustments to Cost are made for cash discounts or purchase or performance rebates. | |
** | “SuperNet” applies to Products sold at a special net cost quoted to Customer by Distributor. SuperNet Products are not subject to Cost-plus prices or to additional discounts. SuperNet Products include products deemed operationally difficult to manage (e.g., bulky and high-cube products). SuperNet purchases qualify towards total monthly purchase volume. |
IX-4
[*****] | [*****] | |
[*****] |
IX-5
PRIME VENDOR AGREEMENT
ADDITIONAL VALUE-ADDED SERVICES
• | Bar-Coded Shelf Labels | ||
• | DEA Scheduled Rx Products Purchased Report | ||
• | Monthly Usage and 80/20 Report | ||
• | Price stickers — Rx and OTC |
• | InterLinx reporting software for $[*****]per month per installation. (Note: InterLinx is subject to a separate software license agreement). |
• | Internet ordering software (iBergen Catalog and Order Entry (COE),iECHOor similar software, as appropriate) for $[*****]per month per installation. |
• | AccuSource for $[*****]per month per installation (plus $[*****]per month for monthly CD-ROM updates). |
• | UltraPhase/Telxon handheld electronic order entry terminal (two per pharmacy) for no additional charge per month per installation. |
• | No hardware will be included for Customer at a cost of $[*****]per month per installation. Any such hardware may be used solely with Distributor’s ordering and reporting software. |
IX-6
PRIME VENDOR AGREEMENT
PROVISIONS
IX-7
1300 Morris Drive, Suite 100
Chesterbrook, Pennsylvania 19087-5594
Attn: Vice President, Health Systems
Fax: (610) 727-3601
1300 Morris Drive, Suite 100
Chesterbrook, Pennsylvania 19087-5594
Attn: General Counsel
Fax: (610) 727-3612
IX-8
XII-1
XII-2
XII-3
XII-4
XII-5
XII-6
XII-7
AMERISOURCEBERGEN CORPORATION | ||||||||||
By: | ||||||||||
Name: | ||||||||||
Title: | ||||||||||
Address for Notices: | ||||||||||
XII-8
Responsible Officers
AmerisourceBergen Drug Corporation | R. David Yost, Chief Executive Officer Kurt J. Hilzinger, President & Chief Operating Officer Michael D. DiCandilo, Senior Vice President & Chief Financial Officer Terrance P. Haas, Senior Vice President, Operations William D. Sprague, Senior Vice President, General Counsel & Secretary Tim G. Guttman, Vice President & Corporate Controller J.F. Quinn, Vice President & Corporate Treasurer Vicki L. Bausinger, Assistant Secretary Daniel T. Hirst, Assistant Secretary | |
AmeriSource Receivables Financial Corporation | R. David Yost, President Michael D. DiCandilo, Senior Vice President & Chief Financial Officer William D. Sprague, Senior Vice President, General Counsel & Secretary Tim G. Guttman, Vice President & Corporate Controller J.F. Quinn, Vice President & Corporate Treasurer Julie Frantz, Assistant Treasurer James T. Rizol, Assistant Treasurer Vicki L. Bausinger, Assistant Secretary Daniel T. Hirst, Assistant Secretary |
For the Period Ended:
1/00/00
1. Reported Ending Weekly A/R Balance | $ | 0 | ||||||
2. Deduct: Ineligibles Receivables | From most recent monthly report | $ | 0 | |||||
3. Eligible Receivables [(1 - 2)]: | $ | 0 | ||||||
4. Deduct: Excess Concentrations | $ | 0 | ||||||
5. Net Pool Balance [(3) - (4)]: | $ | 0 | ||||||
6. Required Reserve % | From most recent monthly report | 0.0 | % | |||||
7. Required Reserve $ [(5) x (6)]: | $ | 0 | ||||||
8. Borrowing Availability [(5) - (7)] | $ | 0 | ||||||
9. CP Outstanding: | $ | 0 | ||||||
10. Asset Interest [(9 + 7) / (5)] < 100%: | $ | 0 | ||||||
11. Additional Availability or (Required Paydown) | $ | 0 |
Signed: | Date: | |||||||
Title: |
191 Peachtree Street, N.E., GA-8047
Atlanta, Georgia 30303
Attention: Cecil Noble, Fax No. (404) 332-5152
[Address to each Purchaser Agent]
Ladies and Gentlemen:
(i) Blue Ridge Asset Funding Corporation’s Purchaser Group: | $ |
1 | Notice must be given at least two Business Days prior to the requested reduction date (or three Business Days if the reduction to be made to Purchasers in the Market Street Funding Corporation Purchaser Group is $50,000,000 or more). |
XV-1
(ii) EagleFunding Capital Corporation’s Purchaser Group: | $ | |||
(iii) Liberty Street Funding Corp.’s Purchaser Group: | $ | |||
(iv) Atlantic Asset Securitization Corp.’s Purchaser Group: | $ | |||
(v) Market Street Funding Corporation’s Purchaser Group: | $ |
XV-2
AMERISOURCE RECEIVABLES FINANCIAL CORPORATION | ||||||||
By: | ||||||||
Name: | ||||||||
Title: | ||||||||
XV-3
[Address]
2
3
Very truly yours, | ||||||
JP MORGAN CHASE BANK (F/K/A MORGAN GUARANTY TRUST COMPANY OF NEW YORK) | ||||||
BY: | ||||||
NAME: | ||||||
TITLE: | ||||||
WACHOVIA BANK, NATIONAL ASSOCIATION, AS ADMINISTRATOR | ||||||
BY: | ||||||
NAME: | ||||||
TITLE: |
S-1
ACKNOWLEDGED AND AGREED: | ||||
AMERISOURCEBERGEN DRUG CORPORATION (F/K/A AMERISOURCE CORPORATION) | ||||
BY: | ||||
NAME: | ||||
TITLE: | ||||
AMERISOURCE RECEIVABLES FINANCIAL CORPORATION | ||||
BY: | ||||
NAME: | ||||
TITLE: | ||||
[NAME OF LOCKBOX BANK] | ||||
BY: | ||||
NAME: | ||||
TITLE: |
S-2
Sch. A-1
Sch. A-2
Sch. A-3