Common use of CONNECTED PARTIES Clause in Contracts

CONNECTED PARTIES. The Facility is granted on the Chargor’s representation that the Chargor’s directors, their spouses, dependents of the spouses, children, parents, brothers or sisters and their spouses are not Close Relatives of the directors, controlling shareholder, executive officers and credit officers of the Chargee. ‘Close Relatives’ shall have the meaning as defined in the Guidelines on Credit Transactions and Exposures with Connected Parties issued by BNM.

CONNECTED PARTIES. The Facility is granted on the Chargor’s representation that the Chargor’s directors, their spouses, dependents of the spouses, children, parents, brothers or sisters and their spouses are not Close Relatives of the directorsdire ctors, controlling shareholder, executive officers and credit officers of the Chargee. ‘Close Relatives’ shall have the meaning as defined in the Guidelines on Credit Transactions and Exposures with Connected Parties issued by BNM.

CONNECTED PARTIES. The Facility is granted on the Chargor’s representation that the Chargor’s directors, their spouses, dependents of the spouses, children, parentspa rents, brothers or sisters and their spouses are not Close Relatives of the directors, controlling shareholder, executive officers and credit officers of the ChargeeC hargee. ‘Close Relatives’ shall have the meaning as defined in the Guidelines on Credit Transactions Transacti ons and Exposures with Connected Parties issued by BNM.

CONNECTED PARTIES. 24 CB(BBA/ANNEXURE1st/POC/092018)AmI The Facility is granted on the Chargor’s representation that the Chargor’s directors, their spouses, dependents of the spouses, children, parents, brothers or sisters and their spouses are not Close Relatives of the directors, controlling shareholder, executive officers and credit officers of the Chargee. ‘Close Relatives’ shall have the meaning as defined in the Guidelines on Credit Transactions and Exposures with Connected Parties issued by BNM.