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Contract analysis / ucc-1-texas-ridgepoint.docx
ucc-1-texas-ridgepoint.docx
1005-00001 · 7 clauses
High · 1 Medium · 1 Standard · 1
1. DEBTOR'S NAME (Organization Debtor)
1. DEBTOR'S NAME (Organization Debtor) The Debtor's name as set forth above is the exact legal name of the Debtor as it appears on the public organic record filed with the Texas Secretary of State. This name has been verified against the Texas Secretary of State's SOSDirect database to ensure compliance with the requirements of Texas Business & Commerce Code Section 9.503(a)(1), which requires that a financing statem
2. SECURED PARTY'S NAME (Organization Secured Party) High
⚑ Non-compete / exclusivity restraint
2. SECURED PARTY'S NAME (Organization Secured Party) Capacity: The Secured Party named above acts in its capacity as Collateral Agent under that certain Credit Agreement dated as of March 28, 2025 (as the same may be amended, restated, amended and restated, supplemented, or otherwise modified from time to time, the "Credit Agreement"), among Nexford Industrial Holdings Inc., a Delaware corporation, as Borrower, the G
I. Filing Details Standard
⚑ Commercial term
I. Filing Details Filing Office: Office of the Texas Secretary of State Statutory Filings Division — UCC Section P.O. Box 13697 Austin, Texas 78711-3697 Telephone: (512) 475-2705 Alternatively, this filing may be submitted electronically via SOSDirect (https://direct.sos.state.tx.us/). If filed electronically, the electronic filing confirmation receipt shall be printed and retained in the transaction closing binder.
II. Timing and Reporting
II. Timing and Reporting Filing Deadline: This financing statement must be filed on or before the closing date of March 28, 2025. Filing of this UCC-1 is a condition precedent to the initial funding under the Credit Agreement. Failure to file on or before the closing date will result in a failure to satisfy the conditions to closing set forth in Section 4.01 of the Credit Agreement. Post-Closing Confirmation: Confirm
III. Related Filings for This Transaction
III. Related Filings for This Transaction This UCC-1 financing statement is one component of a comprehensive set of UCC filings being made in connection with the closing of the $1,400,000,000 Senior Secured Term Loan B facility (the "Transaction") extended to Nexford Industrial Holdings Inc. pursuant to the Credit Agreement. Simultaneous UCC-1 Filings: A total of thirteen (13) UCC-1 financing statements are being fil
IV. Context — Debtor Entity Information
IV. Context — Debtor Entity Information Entity Summary: Ridgepoint Specialty Coatings, LLC is a Texas limited liability company originally formed under the laws of the State of Texas. Ridgepoint is a wholly-owned direct subsidiary of Nexford Industrial Holdings Inc., a Delaware corporation (the "Borrower"). Ridgepoint was acquired by Nexford in connection with Nexford's acquisition of the Ridgepoint Coatings business
V. Verification Checklist Medium
⚑ Confidentiality undertaking
V. Verification Checklist Prior to filing this UCC-1 financing statement, the following items must be verified and confirmed: • [ ] Debtor Legal Name: Confirm that the exact legal name of the Debtor — "Ridgepoint Specialty Coatings, LLC" — matches the name as shown on the records of the Texas Secretary of State. Run a current name search on SOSDirect to verify the name, status (active/in good standing), and any recen