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KAR Auction Services, Inc. – ‘10-K’ for 12/31/11 – ‘EX-10.19(E)’

On:  Tuesday, 2/28/12, at 5:24pm ET   ·   For:  12/31/11   ·   Accession #:  1047469-12-1790   ·   File #:  1-34568

Previous ‘10-K’:  ‘10-K’ on 2/24/11 for 12/31/10   ·   Next:  ‘10-K/A’ on 4/20/12 for 12/31/09   ·   Latest:  ‘10-K’ on 2/21/24 for 12/31/23   ·   18 References:   

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  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 2/28/12  KAR Auction Services, Inc.        10-K       12/31/11   54:7.9M                                   Toppan Merrill-FA

Annual Report   —   Form 10-K   —   Sect. 13 / 15(d) – SEA’34
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-K        Annual Report                                       HTML   1.55M 
 2: EX-10.14    Material Contract                                   HTML     77K 
 3: EX-10.15    Material Contract                                   HTML     74K 
 4: EX-10.16(B)  Material Contract                                  HTML     61K 
 5: EX-10.16(C)  Material Contract                                  HTML     70K 
 6: EX-10.16(D)  Material Contract                                  HTML     51K 
 7: EX-10.19(E)  Material Contract                                  HTML     39K 
 8: EX-10.19(F)  Material Contract                                  HTML     39K 
 9: EX-10.20(B)  Material Contract                                  HTML     52K 
10: EX-10.20(C)  Material Contract                                  HTML     59K 
12: EX-21.1     Subsidiaries List                                   HTML     35K 
13: EX-23.1     Consent of Experts or Counsel                       HTML     18K 
11: EX-12.1     Statement re: Computation of Ratios                 HTML     25K 
14: EX-31.1     Certification -- §302 - SOA'02                      HTML     22K 
15: EX-31.2     Certification -- §302 - SOA'02                      HTML     22K 
16: EX-32.1     Certification -- §906 - SOA'02                      HTML     19K 
17: EX-32.2     Certification -- §906 - SOA'02                      HTML     19K 
37: R1          Document and Entity Information                     HTML     45K 
30: R2          Consolidated Statements of Income                   HTML     70K 
35: R3          Consolidated Balance Sheets                         HTML    161K 
39: R4          Consolidated Balance Sheets (Parenthetical)         HTML     50K 
50: R5          Consolidated Statements of Stockholders' Equity     HTML     94K 
31: R6          Consolidated Statements of Cash Flows               HTML    162K 
34: R7          Organization and Other Matters                      HTML     36K 
29: R8          Summary of Significant Accounting Policies          HTML     60K 
26: R9          Acquisitions                                        HTML     32K 
51: R10         Stock-Based Compensation Plans                      HTML     96K 
41: R11         Net Income Per Share                                HTML     32K 
40: R12         Allowance for Credit Losses and Doubtful Accounts   HTML     37K 
45: R13         Finance Receivables and Obligations Collateralized  HTML     49K 
                by Finance Receivables                                           
46: R14         Goodwill and Other Intangible Assets                HTML     60K 
44: R15         Property and Equipment                              HTML     39K 
47: R16         Self Insurance and Retained Loss Reserves           HTML     25K 
36: R17         Long-Term Debt                                      HTML     55K 
38: R18         Financial Instruments                               HTML     43K 
43: R19         Leasing Agreements                                  HTML     32K 
54: R20         Income Taxes                                        HTML     89K 
48: R21         Employee Benefit Plans                              HTML     29K 
32: R22         Commitments and Contingencies                       HTML     27K 
42: R23         Comprehensive Income                                HTML     33K 
33: R24         Fair Value Measurements                             HTML     38K 
25: R25         Related Party Transactions                          HTML     26K 
49: R26         Segment Information                                 HTML    124K 
52: R27         Quarterly Financial Data (Unaudited)                HTML     79K 
28: R28         Supplemental Guarantor Information                  HTML    311K 
53: XML         IDEA XML File -- Filing Summary                      XML     58K 
27: EXCEL       IDEA Workbook of Financial Reports (.xls)            XLS   1.08M 
18: EX-101.INS  XBRL Instance -- kar-20111231                        XML   1.38M 
20: EX-101.CAL  XBRL Calculations -- kar-20111231_cal                XML    163K 
21: EX-101.DEF  XBRL Definitions -- kar-20111231_def                 XML    222K 
22: EX-101.LAB  XBRL Labels -- kar-20111231_lab                      XML    712K 
23: EX-101.PRE  XBRL Presentations -- kar-20111231_pre               XML    346K 
19: EX-101.SCH  XBRL Schema -- kar-20111231                          XSD     63K 
24: ZIP         XBRL Zipped Folder -- 0001047469-12-001790-xbrl      Zip    124K 


‘EX-10.19(E)’   —   Material Contract


This Exhibit is an HTML Document rendered as filed.  [ Alternative Formats ]




Exhibit 10.19(e)

 

EXECUTION COPY

 

AMENDMENT NO. 4 TO AMENDED AND RESTATED
PURCHASE AND SALE AGREEMENT

 

THIS AMENDMENT NO. 4 TO AMENDED AND RESTATED PURCHASE AND SALE AGREEMENT (this “Amendment”), dated as of January 30, 2009, is entered into between AFC FUNDING CORPORATION, an Indiana corporation (the “Company”) and AUTOMOTIVE FINANCE CORPORATION, an Indiana corporation (the “Originator”).

 

R E C I T A L S

 

A.                                    The Company and the Originator are parties to that certain Amended and Restated Purchase and Sale Agreement, dated as of May 31, 2002 (as amended, amended and restated, supplemented or otherwise modified from time to time, the “Agreement”).

 

B.                                    The Company and the Originator desire to amend the Agreement as hereinafter set forth.

 

NOW THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties agree as follows:

 

1.                                      Certain Defined Terms.  Capitalized terms used but not defined herein have the meanings provided in the Agreement.

 

2.                                      Amendments to Agreement.  The Agreement is amended as follows:

 

2.1                               Section 5.20 of the Agreement is hereby amended in its entirety to read as follows:

 

Section 5.20 Eligibility of Receivables.  So long as the Originator is the Servicer, each Pool Receivable included as an Eligible Receivable in the calculation of Net Receivables Pool Balance is an Eligible Receivable as of the date of such calculation.

 

3.                                      Representations and Warranties.  The Originator hereby represents and warrants to the Company as follows:

 

(a)                                 Representations and Warranties.  The representations and warranties of the Originator contained in Article V of the Agreement are true and correct as of the date hereof (unless stated to relate solely to an earlier date, in which case such representations and warranties are true and correct as of such earlier date).

 

(b)                                 Enforceability.  The execution and delivery by the Originator of this Amendment, and the performance of its obligations under this Amendment and the Agreement, as amended hereby, are within its corporate powers and have been duly authorized by all necessary corporate action on its part.  This Amendment and the Agreement, as amended hereby, are its valid and legally binding obligations, enforceable in accordance with its terms.

 



 

(c)                                  Purchase and Sale Termination Event.  No Purchase and Sale Termination Event has occurred and is continuing.

 

4.                                      Effectiveness.  This Amendment shall become effective upon the later of (a) February 4, 2009 and (b) receipt by the Agent of each of the counterparts of this Amendment (whether by facsimile or otherwise) executed by each of the parties hereto.

 

5.                                      Effect of Amendment.  Except as expressly amended and modified by this Amendment, all provisions of the Agreement shall remain in full force and effect.  After this Amendment becomes effective, all references in the Agreement (or in any other Transaction Document) to “the Purchase and Sale Agreement,” “this Agreement,” “hereof,” “herein” or words of similar effect, in each case referring to the Agreement, shall be deemed to be references to the Agreement as amended by this Amendment.  This Amendment shall not be deemed to expressly or impliedly waive, amend or supplement any provision of the Agreement other than as set forth herein.

 

6.                                      Counterparts.  This Amendment may be executed in any number of counterparts and by different parties on separate counterparts, and each counterpart shall be deemed to be an original, and all such counterparts shall together constitute but one and the same instrument.

 

7.                                      Governing Law.  This Amendment shall be governed by, and construed in accordance with, the internal laws of the State of Indiana without reference to conflict of laws principles.

 

8.                                      Section Headings.  The various headings of this Amendment are inserted for convenience only and shall not affect the meaning or interpretation of this Amendment or the Agreement or any provision hereof or thereof.

 

2



 

IN WITNESS WHEREOF, the parties have executed this Amendment as of the date first above written.

 

 

AFC FUNDING CORPORATION

 

 

 

 

 

 

 

By:

/s/ James E. Money

 

Name:

James E. Money II

 

Title:

Treasurer

 

 

 

 

 

 

 

AUTOMOTIVE FINANCE CORPORATION

 

 

 

 

 

 

 

By

/s/ James E. Money

 

Name:

James E. Money II

 

Title:

V.P. of Finance & Treasurer

 

 

 



 

CONSENTED TO BY:

 

 

 

 

BMO CAPITAL MARKETS CORP., as Agent and Purchaser Agent

 

 

 

 

 

 

 

By:

/s/ John Pappano

 

Name:

John Pappano

 

Title:

Managing Director

 

 

 

 

 

 

DEUTSCHE BANK AG, NEW YORK BRANCH, as Purchaser Agent

 

 

 

 

 

 

 

By:

/s/ Robert Sheldon

 

Name:

Robert Sheldon

 

Title:

Director

 

 

 

 

 

 

 

By:

/s/ Daniel Gerber

 

Name:

Daniel Gerber

 

Title:

Vice President

 

 




Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘10-K’ Filing    Date    Other Filings
Filed on:2/28/128-K
For Period end:12/31/115,  5/A
2/4/09
1/30/098-K
5/31/02
 List all Filings 


18 Subsequent Filings that Reference this Filing

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 2/21/24  OPENLANE, Inc.                    10-K       12/31/23  112:14M
11/02/23  OPENLANE, Inc.                    10-Q        9/30/23   68:7.4M
 8/03/23  OPENLANE, Inc.                    10-Q        6/30/23   66:7.3M
 5/03/23  OPENLANE, Inc.                    10-Q        3/31/23   60:6.8M
 3/22/23  OPENLANE, Inc.                    10-Q/A      9/30/22   62:7.2M
 3/22/23  OPENLANE, Inc.                    10-Q/A      6/30/22   61:7M
 3/22/23  OPENLANE, Inc.                    10-Q/A      3/31/22   61:6.1M
 3/09/23  OPENLANE, Inc.                    10-K       12/31/22  111:15M
11/02/22  OPENLANE, Inc.                    10-Q        9/30/22   62:9.3M
 8/03/22  OPENLANE, Inc.                    10-Q        6/30/22   58:7.4M
 5/04/22  OPENLANE, Inc.                    10-Q        3/31/22   59:6.4M
 2/23/22  OPENLANE, Inc.                    10-K       12/31/21  110:15M
11/03/21  OPENLANE, Inc.                    10-Q        9/30/21   57:6.9M
 8/04/21  OPENLANE, Inc.                    10-Q        6/30/21   55:6.8M
 5/05/21  OPENLANE, Inc.                    10-Q        3/31/21   57:5.6M
 2/18/21  OPENLANE, Inc.                    10-K       12/31/20  105:14M
11/04/20  OPENLANE, Inc.                    10-Q        9/30/20   68:9.7M
 8/05/20  OPENLANE, Inc.                    10-Q        6/30/20   67:8.8M
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Filing Submission 0001047469-12-001790   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

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