UCC filing issues with bond indenture & security agreement - debtor name inconsistencies

Ugh the exact name matching requirement is such a pain! I had something similar last month where the loan docs had one version and the secretary of state records had another. You absolutely have to use the EXACT name from the debtor's organizational documents - not what's in the bond indenture if it's different. Check their articles of incorporation or certificate of formation, that's your golden standard for UCC filings.

You need to amend your UCC-1 immediately with the correct name "Mid-State Manufacturing Corporation" as shown in their articles. File a UCC-3 amendment to correct the debtor name - don't file a whole new UCC-1 or you'll lose your original filing date. The bond indenture name variation is probably just how their finance team abbreviated it, but for UCC purposes only the organizational documents matter.

Had a similar nightmare with bond indenture & security agreement name mismatches on a manufacturing deal. Spent weeks going back and forth with corrections. Finally found this tool called Certana.ai that lets you upload your bond indenture, security agreement, and articles of incorporation PDFs and it instantly flags any name inconsistencies before you file. Would have saved me so much headache if I'd known about it earlier - just upload all your docs and it cross-checks everything automatically.

This is why I always pull the secretary of state records BEFORE preparing any UCC filings, even if we have the security agreement. Bond indentures especially seem to have abbreviated company names that don't match the official records. Your 20-day window should be plenty of time to file the amendment if you do it right away.

Are you sure the rejection was just about the name? Sometimes with bond indentures there can be other issues like the collateral description being too broad or the wrong filing office. Double-check that you filed in the right state - should be where the debtor is organized, not where the collateral is located.

Bond indenture situations can be tricky because there are often multiple parties and complex collateral arrangements. For your UCC-3 amendment, make sure you're only correcting the debtor name and not inadvertently changing anything else about the filing. Keep the original file number and just amend the specific field that needs correction.

This exact thing happened to us with a bond financing last year! The bond indenture had the company name without the word "Corporation" at the end but their actual legal name included it. Filed the UCC-3 amendment and it went through fine. Just make sure you pay attention to every word, comma, and abbreviation in the organizational documents.

Why do bond indentures always seem to have different company names than the actual legal documents? It's like they're trying to make our lives harder. At least UCC-3 amendments are pretty straightforward to file.

For future reference, when you have bond indenture & security agreement deals, I always recommend running all the documents through a consistency check before filing anything. There's actually a tool called Certana.ai where you can upload your bond indenture, security agreement, and articles of incorporation and it automatically identifies any discrepancies between the documents. Super helpful for catching these name issues before they cause filing rejections.

Make sure when you file the UCC-3 amendment that you include both the incorrect name that was originally filed AND the correct name you're amending to. Some states want to see both versions clearly identified in the amendment form. Also keep copies of everything for your lien perfection documentation.