Extract to table

Specifically, German financial institutions are subject to the Geldwäschegesetz ("GwG"), Germany's anti-money laundering statute, which imposes know-your-customer and beneficial ownership verification requirements that must be satisfied prior to funding

• Cross-border complexity: The multi-jurisdictional structure (US and Germany) introduces legal, regulatory, tax, and currency complexity that must be carefully managed throughout the life of the facility

The US collateral package (including mortgages, UCC-1 financing statements, pledge agreements, and related documentation for the Ashburn Campus) and the German collateral package (including the Grundschuld, Globalzession, Sicherungsübereignung, and share pledge documentation for the Frankfurt Campus) will be coordinated by Calderwood & Harkness and Wendt Falkenberg, respectively, and must be in substantially final form prior to signing of the credit agreement

Notarization requirements for the Grundschuld and share pledge must be identified early in the process and scheduled accordingly to avoid delays in the closing timeline