Extract to table

This memorandum identifies each UCC filing that must be made or obtained in connection with the closing, specifies the relevant filing offices and estimated fees, and provides a proposed timeline for completion

Upon repayment of the Bridge Loan from the Permanent Loan proceeds at closing, all existing UCC filings made in connection with the Bridge Loan on behalf of KNB as secured party must be terminated

These existing Bridge Loan filings must be terminated concurrently with the payoff of the Bridge Loan and the closing of the Permanent Loan

Because Fairwater OP is organized as a limited partnership under the laws of the State of Delaware, perfection of the security interest in the membership interests must be achieved by filing a UCC-1 financing statement with the Delaware Secretary of State

Search Requirement Prior to filing the new UCC-1 financing statement, a pre-filing UCC search must be conducted against Fairwater Operating Partnership, L

The Cypress Bend property's exact county location must be confirmed based on the legal description set forth in the title commitment issued by Marlowe Asset Management Title Insurance Group, Inc