Exhibit 10.1
XXXXXXX BANK AND TRUST, N.A.
SOUTH ARLINGTON OFFICE
XXXXXX X. XXX XXX XXX
President
March 6, 1998
Xx. Xxx Xxxxxxx, CFO
InnoServ Technologies, Inc.
0000 Xxxxxxx #000
Xxxxxxxxx, XX. 00000
REFERENCE: LOAN AGREEMENT DATED APRIL 14, 1997 COVENANT VIOLATION.
Dear Xx. Xxxxxxx,
You have indicated that InnoServ is in violation of the cash flow covenant as
defined in section 7.J.(e)#4. of the above referenced loan agreement. We
hereby waive compliance with this covenant until July 30, 1998.
If you require anything else, please do not hesitate to call.
Sincerely,
/s/ Xxxxxx X. Von Der Ahe
Xxxxxx X. Von Der Ahe,
President
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