Back to top

COMERICA BANK CLOSING AGENDA SOFTWARE BROKERS OF AMERICA, INC.

Loan Agreement

COMERICA BANK CLOSING AGENDA SOFTWARE BROKERS OF AMERICA, INC. | Document Parties: INTCOMEX, INC. | AMERICA, INC You are currently viewing:
This Loan Agreement involves

INTCOMEX, INC. | AMERICA, INC

. RealDealDocs™ contains millions of easily searchable legal documents and clauses from top law firms. Search for free - click here.
Title: COMERICA BANK CLOSING AGENDA SOFTWARE BROKERS OF AMERICA, INC.
Governing Law: Michigan     Date: 3/30/2009

COMERICA BANK CLOSING AGENDA SOFTWARE BROKERS OF AMERICA, INC., Parties: intcomex  inc. , america  inc
50 of the Top 250 law firms use our Products every day

Exhibit 10.8

COMERICA BANK

CLOSING AGENDA

SOFTWARE BROKERS OF AMERICA, INC.

March 20 th , 2009

 

1.

Amendment No. 7 to Credit Agreement and Waiver (912572)

 

2.

$30,000,000 Revolving Credit Note (912599)

 

3.

Tax Indemnification (912823)

 

4.

Payment of Bank’s Legal Fees (to be invoiced)


Executed as of March 20, 2009

Comerica Bank

Detroit, Michigan

Ladies and Gentlemen:

Reference is made to that certain Amendment No. 7 to Credit Agreement and Waiver (“Amendment”) and $30,000,000 Revolving Credit Note (“Note”) each dated March 20 th , 2009, executed by Software Brokers of America, Inc., a Florida corporation (“Borrower”) and Comerica Bank (“Bank”),

The Amendment and Note have been executed by Borrower and delivered to Bank in Florida. It is the Borrower’s understanding that no documentary stamp taxes or intangible personal property taxes are due in connection with the execution and delivery of the Amendment and Note because documentary stamp taxes in the amount of $2450 were paid on the execution and delivery of the Credit Agreement and that certain Revolving Credit Note dated as of August 25, 2005, as subsequently amended and restated by Borrower payable to Bank (and as again amended and restated by the Note). Borrower agrees that in the event the Florida Department of Revenue, or any other governmental agency, should determine at any time that documentary stamp taxes or intangible personal property taxes are required in addition to that which has been paid, to indemnify Bank forthwith and to pay for the cost of the documentary stamp taxes or intangible personal property taxes, together with any interest or penalty that Bank may be called upon to pay.

Borrower further agrees to pay any costs, expense and attorneys’ fees incurred by Bank in connection with the documentary stamp taxes or intangible personal property taxes and any interest or penalty thereon, and that same shall constitute additional indebtedness owed by Borrower to Bank.

 

Very truly yours,

SOFTWARE BROKERS OF AMERICA, INC.

By:

 

/s/ Anthony Shalom

 

Anthony Shalom

Its:

 

President

 

STATE OF FLORIDA

  

)

  

  

)

  

COUNTY OF MIAMI-DADE)

The foregoing instrument was acknowledged before me this 20 th day of March, 2009, by Anthony Shalom, as President of Software Brokers of America, Inc., a Florida corporation, who is personally known to me or who has produced                              as identification.

 

 

SITE SEARCH

AGREEMENTS / CONTRACTS

Document Title:

Entire Document: (optional)

Governing Law:(optional)

 

CLAUSES

Get Email Updates
Email:
This is only a partial view of this document. We have millions of legal documents and clauses drafted by top law firms. learn more search for free browse for free learn more