Common use of Pre-Closing Restructuring Clause in Contracts

Pre-Closing Restructuring. Prior to the Closing, HD Supply will cause its Affiliates, including the other Sellers, the Purchased Companies and the Subsidiaries of the Purchased Companies, to complete the transactions substantially as described on Section 5.12 of the Seller Disclosure Schedules. The transactions contemplated by Section 5.12 of the Seller Disclosure Schedules are referred to as the “Pre-Closing Restructuring.”

Appears in 2 contracts

Sources: Purchase Agreement (Hd Supply, Inc.), Purchase Agreement (Anixter International Inc)