STATUS OF ALLETE. At such time as ALLETE shall no longer own, directly or indirectly, at least 50% of the outstanding voting stock of ADESA and/or AFC, each reference to ALLETE in this Agreement and the other Transaction Documents (other than in PARAGRAPH (x) of EXHIBIT V to the Agreement) shall be automatically deleted. 37
Appears in 2 contracts
Samples: Receivables Purchase Agreement (Adesa Inc), Receivables Purchase Agreement (Adesa Inc)
STATUS OF ALLETE. At such time as ALLETE shall no longer own, directly or indirectly, at least 50% of the outstanding voting stock of ADESA and/or AFC, each reference to ALLETE in this Agreement and the other Transaction Documents (other than in PARAGRAPH paragraph (x) of EXHIBIT Exhibit V to the Agreement) shall be automatically deleted. 37.
Appears in 2 contracts
Samples: Receivables Purchase Agreement (KAR Auction Services, Inc.), Receivables Purchase Agreement (Adesa Inc)
STATUS OF ALLETE. At such time as ALLETE shall no longer own, directly or indirectly, at least 50% of the outstanding voting stock of ADESA and/or AFC, each reference to ALLETE in this Agreement and the other Transaction Documents (other than in PARAGRAPH (xX) of EXHIBIT V to the Agreement) shall be automatically deleted. 3735
Appears in 1 contract
