Common use of Tangible Capital Base Clause in Contracts

Tangible Capital Base. ADESA shall maintain its Tangible Capital Base at levels not less than those shown in the following table for the periods indicated: Period Tangible Capital Base ------ --------------------- from the date of this Agreement until fiscal year end 1995 $50,000,000 at fiscal year end 1995 and until fiscal year end 1996 $55,000,000 at fiscal year end 1996 and until fiscal year end 1997 $60,000,000 at fiscal year end 1997 and at all times thereafter $65,000,000

Tangible Capital Base. ADESA shall maintain its Tangible Capital Base at levels not less than those shown in the following table for the periods indicated: Period Tangible Capital Base ------ --------------------- from the date of this Agreement January 31, 1996 until fiscal year end 1995 $50,000,000 at fiscal year end 1995 and until 80,000,000 fiscal year end 1996 $55,000,000 at fiscal year end 1996 and until $85,000,000 fiscal year end 1997 $60,000,000 at fiscal year end 1997 and at $90,000,000 all times thereafter $65,000,000thereafter