Chrysler Canada Ltd. Regulations, 1982 — 3
velopment Corporation, the combined effects of which will be (i) to secure, by way of a first charge on all the fixed and the non-fixed assets of Chrysler Canada Ltd. and DCI Diesel Canada Inc., (A) the restructured loans referred to in paragraph (i), (B) the insured loans referred to in paragraph (b), (C) the loans guaranteed by the Ontario Development Corporation in the amount of $33 million, (D) the repayable contributions made by the Ontario Development Corporation in the amount of $10 million, and (E) the repayable contributions made by Her Majesty in Right of Canada in the amount of $12 million, and (ii) to distribute the proceeds from the realization of (A) the fixed assets contained in the Pillette Road Plant in the following manner: (I) firstly, that the proceeds be used to reduce the insured loans to the extent of $50 million, (II) secondly, any of the proceeds be used to retire pari passu the restructured loans referred to in paragraph (i) and the insured loans referred to in paragraph (b), and (III) thirdly, any proceeds remaining be used to retire the debt guaranteed by the Ontario Development Corporation referred to in clause (i)(C) and the repayable contributions referred to in clauses (i)(D) and (E), (B) the fixed assets of Chrysler Canada Ltd., other than those referred to in clause (A), and of DCI Diesel Canada Inc. in the following manner: (I) firstly, that the proceeds be used to retire pari passu the restructured loans referred to in paragraph (i) and the insured loans referred to in paragraph (b), and (II) secondly, any remainder of the proceeds be used to retire the loans guaranteed by the Ontario Development Corporation referred to in clause (i)(C) and the repayable contributions referred to in clauses (i)(D) and (E), and (C) the non-fixed assets of Chrysler Canada Ltd. and DCI Diesel Canada Inc. in the following manner: (I) firstly, that the proceeds be used to retire pari passu the restructured loans referred to in paragraph (i), and (II) secondly, that any of the proceeds be used to retire the insured loans referred to in paragraph (b), the loans guaranteed by the Ontario Development Corporation referred to in clause (i)(C) and the repayable contributions referred to in clauses (i)(D) and (E); (k) that Chrysler Corporation grants Chrysler Canada Ltd. (i) an exclusive world-wide licence to produce the T115 van/wagons, such van/wagons to be manufactured in Canada, and (ii) an exclusive licence to market such van/wagons in Canada; (l) that Chrysler Corporation grants to DCI Diesel Canada Inc. an exclusive licence to manufacture, use and sell, commencing on January 1, 1983 and until the later of January 1, 1994 and the date of the repayment of the loan described in subparagraph (b)(ii), the diesel engines described in the schedule; (m) that Chrysler Corporation delivers to Her Majesty warrants to acquire 2,034,000 shares of Chrysler Corporation common stock of a par value of $6.25 U.S. per share at any time up to and including December 31, 1990 at $13.00 U.S. per share; (n) that the government of the United States has made a commitment to guarantee the payment of up to $1.5 billion U.S. in loans to Chrysler Corporation and Chrysler Corporation has drawn down loans in the amount of at least $1.2 billion U.S. pursuant to such commitment before the loan insurance agreement referred to in paragraph (c) comes into effect; (o) that Chrysler Canada Ltd. shall carry out its obligations with respect to the conversion, retooling and re-equipping of the Windsor Engine Plant referred to in subparagraph 3(2)(b)(ii) through DCI Diesel Canada Inc.; and (p) that Perkins Engines Canada Ltd., with the consent of Massey-Ferguson Ltd., Massey-Ferguson-Perkins Limited and Perkins Engines Ltd., enter into an agreement with the Minister to the effect that Perkins Engines Canada Ltd. will not use its shareholdings in DCI Diesel Canada Inc. to prevent DCI Diesel Canada Inc. from fulfilling the terms of any agreement between the