Develop understanding of basic UCC Article 8 and 9 concepts, including the purpose of a UCC-1 filing, the components of a UCC-1 filing, how to prepare a UCC-1 face page and exhibit, the differences between a UCC-1 and a UCC-3, what types of actions may be effected by the filing of a UCC-3, gain experience drafting UCC collateral descriptions; prepare schedules summarizing UCC filings received via lien searches, develop understanding of Sidley’s UCC review procedures and process; gain experience preparing and filing UCC financing statements, amendments, continuations, and terminations. Gain an understanding of the documents necessary for a finance closing, including but not limited to public records, lien searches, officer’s/secretary’s certificates, formation and transaction authorizing resolutions, appointment of agent for service of process, filings secretaries of state and other public filings, and signature pages.