Common use of Bank Not in Control Clause in Contracts

Bank Not in Control. None of the covenants or other provisions contained in the Loan Documents shall, or shall be deemed to, give Bank the right or power to exercise control over the affairs and/or management of Borrower, the power of Bank being limited to the right to exercise the remedies provided in the Loan Documents, provided, however, that if Bank becomes the owner of any stock or other equity interest in any Person, whether through foreclosure or otherwise, Bank shall be entitled (subject to requirements of law) to exercise such legal rights as it may have by virtue of being the owner of such stock or other equity interest in such Person.

Bank Not in Control. None of the covenants or other provisions contained in the Loan Documents shall, or shall be deemed to, give the Bank the right rights or power powers to exercise control over the affairs and/or management of BorrowerBorrower or any of its subsidiaries, the power of the Bank being limited to the right to exercise the remedies provided in the Loan Documents, ; provided, however, that if the Bank becomes the owner of any stock or other equity interest in in, any Person, Person whether through foreclosure or otherwise, the Bank shall be entitled (subject to requirements of law) to exercise such legal rights as it may have by virtue of being the owner of such stock stock, or other equity interest in in, such Person.