AMENDED AND RESTATED RECEIVABLES PURCHASE AGREEMENT BETWEEN AUTOMOTIVE FINANCE CANADA INC. - and - KAR AUCTION SERVICES, INC. - and - PRECISION TRUST Dated as of May 24, 2011 BENNETT JONES LLPReceivables Purchase Agreement • January 17th, 2012 • KAR Auction Services, Inc. • Retail-auto dealers & gasoline stations • Ontario
WHEREAS the Seller, the Performance Guarantor and the Trust entered into a receivables purchase agreement dated as of February 8, 2010 (the “Original RPA”) pursuant to which from time to time the Seller sold to the Trust and the Trust purchased from the Seller, an undivided co-ownership interest in the Seller’s present and future Receivables and the Related Security related thereto on a fully serviced basis, all in accordance with the terms of the Original RPA;
