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If city is municipal corporation, isnt the city, the corporation and [sic] entity and therefore the UPE? Yes (redacted) called and said she used the term corporation loosely and that in fact the city...

The transaction is not exempt, substantially all of the sellers assets cannot be purchased inthe ordinary course.

None noted

Transaction is not exempt - bank is not buying for investment only when buying all of theassets of a line of business from a competitor. John Sipple concurs

Note noted.

I concur

Called to ask if loan by Debtor were made in the ordinary course of Lender?s business. He represented that it was, that Lender is in the business of making loans of this sort. On this representation I...