IAAI definition
Examples of IAAI in a sentence
The Board (a) shall designate a Compensation Committee, which shall be comprised of two Kelso Directors and the Chief Executive Officer of IAAI and (b) may, by resolution passed by unanimous consent of the Directors, designate one or more additional committees.
Other than the board of directors of any direct subsidiary of IAAI, the composition of the board of directors of each of the Company’s subsidiaries (a “Subsidiary Board”) shall be in the same proportion of Kelso appointed directors to non-▇▇▇▇▇ appointed directors as that of the Board.
Notwithstanding anything contained herein to the contrary, ▇▇▇▇▇ will have the right to designate all of the Directors of the Board; provided, that, one of such ▇▇▇▇▇ designees shall be the Chief Executive Officer of IAAI (or its successor) so long as such individual is the Chief Executive Officer of IAAI.
During the period from on or about December 31, 2006 to and including the Closing Date there has been no Disposition by IAAI or ADESA or any of their respective Subsidiaries of any material part of their respective business or property other than the Acquisition or pursuant to any Permitted Securitization.
Advertiser agrees that in case of fire, theft, vandalism, acts of God, or other circumstances creating the inability of IAAI to fulfill this contract, liability of IAAI will be limited to the refund of the amount paid, contract, liability of IAAI will be limited to the refund of the amount paid, or cancellation of the invoice if not yet paid.
Buyer shall promptly (but in any event within five (5) Business Days) provide the Company with the documentation evidencing the alternative sources of financing and shall give the Company prompt notice (but in any event within five (5) Business Days) of it (or any of the Equity Sponsors or IAAI) becoming aware of any material breach by any party to the Commitment Letters or any termination of the Commitment Letters.
Notwithstanding an earlier execution date, the provisions of this Supplemental Indenture shall not become operative until the time and date upon which IAAI purchases the Notes that are accepted for purchase pursuant to the Solicitation Statement.
Notwithstanding anything to the contrary contained herein, the Members acknowledge and agree that any inconsistencies between the provisions of this Agreement and the IAAI Dilution Illustrative Example shall be resolved in favor of the IAAI Dilution Illustrative Example.
IAAI reserves the right to cancel contracts for accounts overdue by 90 days.
During the Employment Period, Employee shall serve as the Chief Financial Officer for IAAI.