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EXHIBIT 10.41
EXECUTION COPY
AMENDMENT NO. 1
TO
AMENDED AND RESTATED RECEIVABLES SALE AGREEMENT
Dated as of October 24, 2003
THIS AMENDMENT NO. 1 TO AMENDED AND RESTATED RECEIVABLES SALE
AGREEMENT (this "Amendment") is entered
into as of October 24, 2003 by and
between INGRAM FUNDING, INC., a Delaware
corporation (the "Company") and INGRAM
MICRO INC., a Delaware corporation ("Ingram
Micro"). Capitalized terms used in
this Amendment which are not otherwise
defined herein shall have the meanings
given such terms in the Amended and
Restated Receivables Sale Agreement referred
to below or the "Pooling Agreement" defined
therein.
RECITALS:
WHEREAS, the Company and Ingram Micro, in its capacities as
seller and servicer, are parties to an
Amended and Restated Receivables Sale
Agreement dated as of March 8, 2000 (as
amended, restated, supplemented or
otherwise modified from time to time, the
"Receivables Sale Agreement"); and
WHEREAS, the Company and Ingram Micro have agreed to amend the
Receivables Sale Agreement on the terms and
conditions set forth herein and in
the Receivables Sale Agreement;
NOW, THEREFORE, in consideration of the premises set forth
above, the terms and conditions contained
herein, and other good and valuable
consideration, the receipt and sufficiency
of which are hereby acknowledged, the
Company and Ingram Micro hereby agree as
follows.
1.
Amendment to Receivables Sale Agreement. Effective as
of the date hereof and subject to the
satisfaction of the conditions precedent
set forth in Section 2 below, the
Receivables Sale Agreement is amended to
replace Schedule 3 thereto with Schedule 3
attached hereto.
2.
Conditions of Effectiveness of this Amendment. This
Amendment shall become effective as of the
date hereof (the "Effective Date")
when, and only when, the Agent shall have
received each of the following:
(a)
counterparts of this Amendment duly
executed by the Company, Ingram Micro and the Agent;
(b) evidence
satisfactory to the Agent
that the Rating Agency Condition is satisfied; and
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(c) such other
documents, instruments
and agreements as the Agent may reasonably request.
3.
Representations and Warranties.
3.1 Upon the
effectiveness of this Amendment,
the Company and Ingram Micro each (a) hereby reaffirms in all
material
respects all covenants, representations and warranties made by it
in
the Receivables Sale Agreement and each other Transaction Document
to
the extent the same are not amended hereby and except to the extent
the
same expressly relates solely to an earlier date, (b) agrees that
all
such covenants, representations and warranties shall be deemed to
have
been re-made as of the Effective Date of thi