Common Contracts
2 similar Subordinated Demand Note contracts by Pfsweb Inc
EXHIBIT 10.8 SUBORDINATED DEMAND NOTESubordinated Demand Note • May 15th, 2002 • Pfsweb Inc • Services-business services, nec
FOR VALUE RECEIVED, SUPPLIES DISTRIBUTORS, INC., a Delaware corporation ("Borrower"), promises to pay to the order of PRIORITY FULFILLMENT SERVICES, INC., a Delaware corporation (the "Lender"), on DEMAND (the "Maturity Date") the principal amount set forth above, or so much thereof, or such other amount, as shall, from time to time, be advanced by or on behalf of the Lender to, or for the benefit of, the Borrower, and shall be outstanding, together with interest thereon as herein provided. All sums hereunder are payable on demand to Lender at its principal offices in lawful currency of the United States of America and in immediately available funds. All payments and prepayments made hereunder shall be made without setoff, counterclaim or deduction of any kind.
EXHIBIT 10.10 SUBORDINATED DEMAND NOTESubordinated Demand Note • November 16th, 2001 • Pfsweb Inc • Services-business services, nec
THIS NOTE AND THE INDEBTEDNESS EVIDENCED HEREBY IS SUBORDINATED TO IBM CREDIT CORPORATION IN ACCORDANCE WITH THE TERMS AND PROVISIONS OF THAT CERTAIN NOTES PAYABLE SUBORDINATION AGREEMENT BY AND AMONG IBM CREDIT CORPORATION, LENDER AND BORROWER.
