Common use of Restructuring Transaction Clause in Contracts

Restructuring Transaction. Each of the Affiliated Entities has filed an information statement and the Borrower has filed a Rule 13e-3 transaction statement with the United States Securities and Exchange Commission pursuant to Regulation 14C and Rule 13e-3 under the Securities and Exchange Act of 1934, respectively. Each of such information statements and transaction statement complied as to form in all material respects with the requirements of the Securities and Exchange Act of 1934, and did not contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary in order to make the statements made therein not misleading. As of the Closing Date, the Restructuring Transaction has been completed, the Affiliated Entities have been merged with and into Walt▇▇ ▇. ▇▇▇t Company, Inc., an Indiana corporation, which has changed its name to Best Lock Corporation, and the Borrower has succeeded to all of the assets and liabilities of the Affiliated Entities including, without limitation, ownership of 100% of the issued and outstanding capital stock of First Thoroughbred. First Thoroughbred is the owner and holder of all of the issued and outstanding capital stock of BULLC, NSC and Best Access.