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Extract to table / ucc-lien-perfection-opinion.docx
ucc-lien-perfection-opinion.docx
Parties
HARKNESS LLP
M. Stroud
Stonefield Logistics Group Inc
Dates
September 29, 2023
September 14, 2023
September 25, 2023
April 7, 2022
Amounts
$85,000,000
Obligations
DEFINED TERMS Capitalized terms used in this Opinion and not otherwise defined herein shall have the meanings ascribed to them in the Mezzanine Credit Agreement or the applicable Collateral Document, as the context may require
In addition, the following defined terms shall have the meanings set forth below for purposes of this Opinion: "Borrower" means Stonefield Logistics Group Inc
Under Section 9-108(e), a description of collateral as "all commercial tort claims" or words of similar import is insufficient to create a security interest in commercial tort claims; rather, each such claim must be described with reasonable specificity
We assume no obligation to monitor the filing of continuation statements or to notify the Secured Party of the dates upon which continuation statements must be filed