Fasco Restructurings

Fasco Restructurings. Means and includes taking such actions as may be necessary or advisable in furtherance of any and all of (i) the conversion of certain intercompany indebtedness, charges and other payables owed by the Thai Subsidiary to the Borrower, Fasco Australia and Fasco into equity of the Thai Subsidiary, (ii) the conversion of certain intercompany indebtedness, charges and other payables owed by Fasco Australia to Fasco and the Thai Subsidiary into equity of Fasco Australia,... (iii) the conversion of the debt evidenced by the Thai Intercompany Note into equity of the Thai Subsidiary, (iv) the sale by each of Fasco and Von Weise Gear Company of all of their respective automotive and specialty assets to Tecumseh Canada Holding Company and the purchase by Tecumseh Canada Holding Company of such assets, and (v) as among the Borrower and its Subsidiaries, such other conversion, restructuring or repayment of intercompany indebtedness, charges or payables, restructuring of share or asset ownership or other actions including name changes for each Subsidiary with "Fasco" in its name, as may be necessary or advisable in furtherance of the closing of the Fasco Sale and in preparation for any permitted A&S Sale. View More