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.
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 PARAGRAPH (x) of Exhibit 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 (xX) of Exhibit EXHIBIT V to the Agreement) shall be automatically deleted.. 35
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