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Capital Credit Vdone
Capital Credit Vdone
(Additional stores under common ownership and same legal entity must be identified and listed with business name and address, attach as Exhibit A.
Any store with a different ownership or legal entity must complete and execute a separate credit application and agreement.)
State BOP License Number: 030467 FC2431257 = Chem Rx Pharmacy Services LLC
State Pharmacy License # DEA License #
4. SHIPPING ADDRESS:
Heshy Kahn
5. ACCOUNTS PAYABLE CONTACT____________________________________________________________________
718-942-3888
PHONE#_______________________________ [email protected]
EMAIL:___________________________________________________
[email protected] - [email protected]
Provide email address for statements to be sent. Email: ___________________________________________________
Credit Application & Agreement Capital Wholesale Drug Co | 873 Williams Avenue | Columbus, Ohio 43212
V.0.4, Effective 5/1/2021 Phone: (800) 282-2754 | Fax: (614) 297-8224
CREDIT APPLICATION & AGREEMENT
9. PHARMACEUTICAL WHOLESALERS:
DealMed
Primary Wholesaler Address Credit Limit Terms
11. Type of Business: Retail Pharmacy Hospital Pharmacy Nursing Home LTC Facility
1. As an inducement for Capital Wholesale Drug Co. (“Capital”) to accept orders from or otherwise extend or make
available credit to Applicant, which includes all Applicant owned stores as listed in Exhibit A attached hereto, the
undersigned Applicant hereby agrees to comply with the following terms of sale, should Capital elect to extend such
credit.
2. Pricing and payment terms are determined at the time an offer is presented to Applicant and as reflected on any
accompanying invoice.
3. If, (a) Capital does not receive payment in accordance with the payment terms or based upon credit considerations
deemed relevant to Capital, (b) applicant sells any part of its business; (c) the ownership structure of the applicant
changes or (d) Capital deems itself insecure for any reason; then Capital may refuse to deliver the product covered by
this Agreement (the "Product"), refuse additional orders, modify payment terms, place the Applicant on C.O.D., modify
Applicant’s costs of goods, limit or terminate the extension of credit and will be entitled to any other remedies available
at law or equity.
Credit Application & Agreement Capital Wholesale Drug Co | 873 Williams Avenue | Columbus, Ohio 43212
V.0.4, Effective 5/1/2021 Phone: (800) 282-2754 | Fax: (614) 297-8224
CREDIT APPLICATION & AGREEMENT
4. All payments shall be made in full, in good funds, either by check or electronic funds transfer (either by wire or
automated clearinghouse), and in accordance with the payment terms. Capital may assess a service charge calculated
at the rate of 1.5% per month (or the maximum rate allowed by law, if such rate is less than 1.5% per month) on any
amount not paid by Applicant to Capital when due under the terms of this Agreement from the first day of delinquency.
Failure or delay by Capital to bill Applicant for any such service charge will not waive Capital’s right to receive the same.
In the event of default in payments on any invoices, Capital does not receive payment in accordance with the payment
terms or based upon credit considerations deemed relevant to Capital, applicant sells any part of its business, the
ownership structure of the applicant changes or Capital deems itself insecure for any reason, Capital shall have the
right to declare all invoices immediately due and payable and Applicant gives Capital the authorization to use any credit
card, debit card or electronic funds transfer to satisfy any past due invoices. Applicant shall pay all out-of-pocket
expenses, including attorney’s fees, court costs, expenses and disbursements, incurred by Capital to collect any
amounts due under this Agreement or to otherwise enforce any of the terms of this agreement.
5. The Product is shipped FOB point of shipment. Applicant’s obligation to pay for Product begins on the date of
shipment. Applicant agrees to place orders in the specified minimum dollar amount. If the order size is less than
specified minimum, Applicant agrees to pay a minimum order charge. Capital reserves the right at all times to determine
what Product it will carry based upon product quality, manufacture indemnity, insurance, and other policies, and other
standards determined by it, and may delete Product from its available inventory at any time. No schedule II orders will
be delivered other than in compliance with DEA regulations.
6. Capital will accept returns of Product within three months after the Product expiration. A 25% restocking fee applies
to all Product returns except for returns due to shipping damages or errors. Applicant must notify Capital within 24 hours
of receipt of product of any discrepancies or shortages on the order. Capital may refuse any returns if not notified as
herein stated.
7. Applicant attests to Capital that it is properly licensed with applicable state licensing agencies to receive, dispense,
distribute and otherwise legally dispose of the Product. Applicant understands that by attesting to this, Capital is
complying with the “good faith inquiry” standard to ensure that the Product is distributed to properly licensed and/or
registered pharmacy locations. Prior to purchasing the Product from Capital hereunder, Applicant must provide Capital
with copies of all such licenses and any renewals, revocations or other changes to the same.
8. Applicant agrees to all the terms and conditions of the Agreement. This Agreement, together with all invoices,
purchase orders, and the exhibits and addenda thereto constitute the entire agreement and understanding of the parties
with respect to the subject matter hereof and supersede all prior written and oral arguments, proposals, bid responses,
and understandings between the parties relative to the subject matter hereof. No changes to this Agreement or any
purchase orders will be made or be binding upon either party unless made in writing and signed by each party. By
signing this Agreement, Capital and Applicant each represent that it has the authority to bind its respective party to this
agreement.
9. All information provided in this Application or otherwise submitted is true and correct and is being (or will be) furnished
for the purpose of obtaining/retaining credit from Capital. Applicant authorizes its banks and suppliers to release any
and all information as requested by Capital so as to ascertain credit worthiness. Applicant shall provide Capital with
financial statements and such further information as may reasonably be requested from time to time.
10. If there is a lawsuit, Applicant agrees to submit to the jurisdiction of the state courts of Franklin County, Ohio or to
the jurisdiction of the United States District Court for the Southern District of Ohio. Applicant further consents to venue
in either of the preceding courts.
Credit Application & Agreement Capital Wholesale Drug Co | 873 Williams Avenue | Columbus, Ohio 43212
V.0.4, Effective 5/1/2021 Phone: (800) 282-2754 | Fax: (614) 297-8224
CREDIT APPLICATION & AGREEMENT
The term “Capital Wholesale Drug Co.” or “Capital” or “Capital Drug” shall include all subsidiary and affiliated companies
of Capital Wholesale Drug Co., an Ohio corporation.
By:
Print legal name as it appears on the application
By:
Authorized Signature Title Printed Name of Signatory Date
SECTION V: GUARANTEE
The undersigned Principal(s) of Applicant by reason of their interest in the Applicant and as an inducement for Capital
Wholesale Drug Co. to extend credit to Applicant, hereby jointly and severally, irrevocably, and unconditionally
guarantee to Capital Wholesale Drug Co. and its subsidiaries affiliates and successors (each a Guarantee party) and
assigns the prompt and full payment (and not merely the ultimate collectability) and performance of all obligations of
Applicant to each Guaranteed party, whether now existing or hereafter arising including obligations arising from
replacements of this Credit Application & Agreement provided by Applicant. The undersigned authorizes Capital
Wholesale Drug Co. to verify this information and/or additional information by obtaining data from a credit reporting
agency. If applicant or its business is hereafter sold, this guaranty shall continue to all credit hereafter made available
to that Applicant or its business (as the case may be) until such time as Capital Wholesale Drug Co. has received 5
days advanced written notice (via certified mail, return receipt requested) that Applicant and/or Principal(s) will no longer
be responsible for credit thereafter made available with respect to that Applicant or its business. Guarantor shall remain
liable for all sums due to Capital from Applicant arising before Capital’s receipt of Guarantor’s notice of revocation.
THE UNDERSIGNED ACKNOWLEDGES THAT HIS/HER INDIVIDUAL CREDIT HISTORY MAY BE A FACTOR IN
THE EVALUATION OF THE CREDIT HISTORY OF THE APPLICANT AND HEREBY CONSENTS AND
AUTHORIZES THE USE OF A CONSUMER CREDIT REPORT ON THE UNDERSIGNED BY CAPITAL
WHOLESALE DRUG CO. FROM TIME TO TIME AS CAPITAL WHOLE DRUG CO. MAY DEEM NECESSARY IN
ITS CREDIT EVALUATIONS.
By: By:
Print Name of Guarantor Signature of Guarantor Date
By: By:
Print Name of Guarantor Signature of Guarantor Date
Credit Application & Agreement Capital Wholesale Drug Co | 873 Williams Avenue | Columbus, Ohio 43212
V.0.4, Effective 5/1/2021 Phone: (800) 282-2754 | Fax: (614) 297-8224