Sensata Terms

Net invoices will be paid sixty (60) days from date that Goods or Services are received at Sensata unless otherwise stated on the Purchase Order or agreed to in writing by both parties. If Sensata receives Seller’s invoice prior to such receipt of Goods or Services, the terms of payment shall be measured from the date of such receipt of Goods or Services rather than date of receipt of invoice.

Note: For suppliers providing Supplier Managed Inventory (SMI) services to Sensata, net invoices will be paid forty-five (45) days from receipt of Goods or Services at Sensata.

Note: Invoices discounted at 1.5% or greater will be paid in fifteen (15) days from the invoice date. The acceptance of discount offers will be at the discretion of Sensata.