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Common use of Insider Clause in Contracts

Insider. Borrower is not, and no Person having "control" (as defined in 12 U.S.C. 375(b)(5) or in regulations promulgated thereto) of Borrower is an "executive officer", "director" or "principal shareholder" (as those terms are defined in 12 U.S.C. 375(b)(5) or in regulations promulgated thereto) of Lender, of a bank holding company (or Subsidiary thereof) of which Lender is a Subsidiary.

Appears in 4 contracts

Samples: Commercial Credit Agreement (Acmat Corp), Commercial Credit Agreement (Acmat Corp), Commercial Credit Agreement (Acmat Corp)

Insider. Borrower is not, and no Person having "control" (as that term is defined in 12 U.S.C. ? 375(b)(5) or in regulations promulgated pursuant thereto) of Borrower is is, an "executive officer", ," "director," or "principal shareholder" (as those terms are defined in 12 U.S.C. 375(b)(5? 375(b) or in regulations promulgated pursuant thereto) of LenderBank, of a bank holding company (or Subsidiary thereof) of which Lender Bank is a Subsidiarysubsidiary, or of any subsidiary of a bank holding company of which Bank is a subsidiary.

Appears in 2 contracts

Samples: Revolving Credit and Security Agreement (SFBC International Inc), Revolving Credit and Security Agreement (SFBC International Inc)

Insider. Borrower is not, and no Person having "control" (as that term is defined in 12 U.S.C. § 375(b)(5) or in regulations promulgated pursuant thereto) of Borrower is is, an "executive officer", ," "director," or "principal shareholder" (as those terms are defined in 12 U.S.C. 375(b)(5§ 375(b) or in regulations promulgated pursuant thereto) of LenderBank, of a bank holding company (or Subsidiary thereof) of which Lender Bank is a Subsidiarysubsidiary, or of any subsidiary of a bank holding company of which Bank is a subsidiary.

Appears in 2 contracts

Samples: Revolving and Term Credit and Security Agreement (Aerosonic Corp /De/), Revolving and Term Loan Credit Agreement (Farrel Corp)

Insider. Borrower is not, and no Person having "control" (as that term is defined in 12 U.S.C. Section 375(b)(5) or in regulations promulgated pursuant thereto) of Borrower is is, an "executive officer", ," "director," or "principal shareholder" (as those terms are defined in 12 U.S.C. 375(b)(5375(b) or in regulations promulgated pursuant thereto) of LenderBank, of a bank holding company (or Subsidiary thereof) of which Lender Bank is a Subsidiarysubsidiary, or of any subsidiary of a bank holding company of which Bank is a subsidiary.

Appears in 1 contract

Samples: Loan and Security Agreement (Innotrac Corp)

Insider. The Borrower is not, and no Person having "control" (as defined in 12 U.S.C. 375(b)(5) or in regulations promulgated thereto) of Borrower is an "executive officer", ",” “director" or "principal shareholder" (as those terms are defined in 12 U.S.C. 375(b)(5) or in regulations promulgated thereto) of the Lender, or of a bank holding company (or Subsidiary subsidiary thereof) of which the Lender is a Subsidiarysubsidiary.

Appears in 1 contract

Samples: Credit Agreement (Sturm Ruger & Co Inc)

Insider. The Borrower is not, and no Person having "control" (as defined in 12 U.S.C. 375(b)(5) or in regulations promulgated thereto) of Borrower is an "executive officer", ",” “director" or "principal shareholder" (as those terms are defined in 12 U.S.C. 375(b)(5) or in regulations promulgated thereto) of Lender, of a bank holding company (or Subsidiary thereof) of which Lender is a Subsidiary.terms

Appears in 1 contract

Samples: Credit Agreement

Insider. The Borrower is not, and no Person having "control" (as that term is defined in 12 U.S.C. 375(b)(5Section 375b(9)(B) or in regulations promulgated pursuant thereto) of the Borrower is is, an "executive officer", ," "director," or to the knowledge of Borrower, "principal shareholder" (as those terms are defined in 12 U.S.C. 375(b)(5) or in regulations promulgated thereto) of Lender, of a bank holding company (or Subsidiary thereof) of which Lender is a Subsidiary.U.S.

Appears in 1 contract

Samples: Revolving Credit Agreement (Unimark Group Inc)