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EXHIBIT 10.4
NATIONSBANK
January 26, 1998
AMENDMENT TO LOAN AGREEMENT DATED OCTOBER 31, 1996
This document amends the Loan Agreement dated October 31, 1996 (the
"Agreement") made between NationsBank, N.A. ("Bank") and Powercerv Corporation
("Borrower"). The Agreement committed the Bank to offering the Borrower a
$5,000,000 Revolving Line of Credit.
AMENDED TERMS
2.B. REVOLVING LINE OF CREDIT
The Loan may be used for those purposes set forth in the original
documents. The obligation to repay the Loan will be evidenced by a promissory
note dated October 22, 1997 by and between Bank and Borrower. This Loan will be
unsecured and bear interest in accordance with the promissory note between Bank
and Borrower dated October 22, 1997. The entire balance of principal and accrued
interest will be due in full on February 15, 1999. In addition, a $300,000
sublimit will apply under the 45,000,000 line of credit for the purpose of
supporting letters of credit. Any outstanding letters of credit supported under
this sublimit will reduce the amount available to be drawn under the line of
credit.
This amendment shall not imply amendment of any other conditions, now or
in the future, as outlined in any agreements or documents executed by and
between Bank and Borrower. All other terms and conditions of the Agreement
shall remain in full force.
IN WITNESS WHEREOF, the parties hereto have caused the Agreement to be duly
executed under seal by their duly authorized representatives as of the date
first above written.
POWERCERV CORPORATION NATIONSBANK, N.A.
(seal) /s/ Xxxxxx X. Xxxxxxxxx
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Xxxxxx X. Xxxxxxxxx
Vice President
By: /s/
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Its: CHAIRMAN & CEO
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POWERCERV TECHNOLOGIES CORPORATION
(seal)
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By: /s/
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Its: SR. V.P. ADMINISTRATION
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