Common use of Insider Clause in Contracts

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, an “executive officer,” “director,” or “principal shareholder” (as those terms are defined in 12 U.S.C. 375(b) or in regulations promulgated pursuant thereto) of Bank, of a bank holding company of which Bank is a subsidiary, or of any subsidiary of a bank holding company of which Bank is a subsidiary.

Appears in 2 contracts

Samples: Credit and Security Agreement (Sancilio Pharmaceuticals Company, Inc.), Credit and Security Agreement (Sancilio Pharmaceuticals Company, Inc.)

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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, an “executive officer,” “director,” or “principal shareholder” (as those terms are defined in 12 U.S.C. §375(b) or in regulations promulgated pursuant thereto) of Bank, of a bank holding company of which Bank is a subsidiary, or of any subsidiary of a bank holding company of which Bank is a subsidiary.

Appears in 2 contracts

Samples: Loan and Security Agreement (Impax Laboratories Inc), Loan and Security Agreement (Ic Isaacs & Co Inc)

Insider. Such 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 such Borrower is, an “executive officer,” “director,” or “principal shareholder” (as those terms are defined in 12 U.S.C. § 375(b) or in regulations promulgated pursuant thereto) of BankLender, of a bank holding company of which Bank Lender is a subsidiary, or of any subsidiary of a bank holding company of which Bank Lender is a subsidiary.

Appears in 2 contracts

Samples: Loan and Security Agreement (Dreams Inc), Loan and Security Agreement (Dreams Inc)

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, an "executive officer,” “", "director,” " or "principal shareholder" (as those terms are defined in 12 U.S.C. Section 375(b) or in regulations promulgated pursuant thereto) of any Bank, of a bank holding company of which any Bank is a subsidiarySubsidiary, or of any subsidiary Subsidiary of a bank holding company of which any Bank is a subsidiarySubsidiary.

Appears in 2 contracts

Samples: Credit Agreement (Hastings Entertainment Inc), Credit Agreement (Hastings Entertainment 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, an "executive officer,” “" "director," or "principal shareholder" (as those terms are defined in 12 U.S.C. § 375(b) or in regulations promulgated pursuant thereto) of Bank, of a bank holding company of which Bank is a subsidiary, 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. § 375(b)(5) or in regulations promulgated pursuant thereto) of Borrower is, an “executive officer,” “director,” or “principal shareholder” (as those terms are defined in 12 U.S.C. 375(b) or in regulations promulgated pursuant thereto) of Bank, of a bank holding company of which Bank is a subsidiary, or of any subsidiary of a bank holding company of which Bank is a subsidiary.

Appears in 2 contracts

Samples: Loan and Security Agreement (Primo Water Corp), Loan and Security Agreement (Vitacost.com, 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 it is, an “executive officer,” “director,” or “principal shareholder” (as those terms are defined in 12 U.S.C. § 375(b) or in regulations promulgated pursuant thereto) of any Bank, of a bank holding company of which any Bank is a subsidiary, or of any subsidiary of a bank holding company of which any Bank is a subsidiary.

Appears in 1 contract

Samples: Credit and Security Agreement (Sri Surgical Express 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, an "executive officer,” “" "director," or "principal shareholder" (as those terms are defined in 12 U.S.C. 375(b) or in regulations promulgated pursuant thereto) of Bank, of a bank holding company of which Bank is a subsidiary, or of any subsidiary of a bank holding company of which Bank is a subsidiary.

Appears in 1 contract

Samples: Loan and Security Agreement (Bradley Pharmaceuticals Inc)

Insider. No Borrower is notis, 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 a Borrower is, an “executive officer,” “director,” or “principal shareholder” (as those terms are defined in 12 U.S.C. § 375(b) or in regulations promulgated pursuant thereto) of Bank, of a bank holding company of which Bank is a subsidiary, or of any subsidiary of a bank holding company of which Bank is a subsidiary.

Appears in 1 contract

Samples: Loan and Security Agreement (JPS Industries 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, an “executive officer,” “director,” or “principal shareholder” (as those terms are defined in 12 U.S.C. § 375(b) or in regulations promulgated pursuant thereto) of BankLender, of a bank holding company of which Bank Lender is a subsidiary, or of any subsidiary of a bank holding company of which Bank Lender is a subsidiary.

Appears in 1 contract

Samples: Loan and Security Agreement (Transcend Services Inc)

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

Appears in 1 contract

Samples: Revolving Credit and Security Agreement (Home Diagnostics Inc)

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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, an "executive officer,” “" "director," or "principal shareholder" (as those terms are defined in 12 U.S.C. §375(b) or in regulations promulgated pursuant thereto) of Bank, of a bank holding company of which Bank is a subsidiary, or of any subsidiary of a bank holding company of which Bank is a subsidiary.

Appears in 1 contract

Samples: Revolving Credit and Security Agreement (Intelligroup 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, an "executive officer,” “" "director," or "principal shareholder" (as those terms are defined in 12 U.S.C. 375(b) or in regulations promulgated pursuant thereto) of Bank, of a bank holding company of which Bank is a subsidiary, or of any subsidiary of a bank holding company of which Bank is a subsidiary.

Appears in 1 contract

Samples: Revolving Credit and Security Agreement (JPS Industries Inc)

Insider. No Borrower is notis, and no Person having "control" (as that term is defined in 12 U.S.C. ss. 375(b)(5) or in regulations promulgated pursuant thereto) of a Borrower is, an "executive officer,” “" "director," or "principal shareholder" (as those terms are defined in 12 U.S.C. 375(bss.375(b) or in regulations promulgated pursuant thereto) of Bank, of a bank holding company of which Bank is a subsidiary, or of any subsidiary of a bank holding company of which Bank is a subsidiary.

Appears in 1 contract

Samples: Loan and Security Agreement (Emerson Radio Corp)

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

Appears in 1 contract

Samples: Non Revolving Credit Agreement (Unilife 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, an "executive officer,” “" "director," or "principal shareholder" (as those terms are defined in 12 U.S.C. {section} 375(b) or in regulations promulgated pursuant thereto) of Bank, of a bank holding company of which Bank is a subsidiary, or of any subsidiary of a bank holding company of which Bank is a subsidiary.

Appears in 1 contract

Samples: Revolving Credit and Security Agreement (Digital Lightwave 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, an “executive officer,” “director,” or “principal shareholder” (as those terms are defined in 12 U.S.C. § 375(b) or in regulations promulgated pursuant thereto) of any Bank, of a bank holding company of which any Bank is a subsidiary, or of any subsidiary of a bank holding company of which any Bank is a subsidiary.

Appears in 1 contract

Samples: Revolving Credit and Security Agreement (Sri Surgical Express Inc)

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