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

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: Loan and Security Agreement (Ic Isaacs & Co Inc), Loan and Security Agreement (Impax Laboratories 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: And Security Agreement (Sri Surgical Express Inc)

Insider. No 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 (Adams Golf 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: And Security Agreement (Home Diagnostics 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. 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 and Security Agreement (Unilife Corp)

Insider. Each 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 1 contract

Samples: Loan and Security Agreement (Autoinfo 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 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. ? § 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)

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: Credit 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. ? {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: Credit and Security Agreement (Digital Lightwave 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 Borrower a Borrower, including any Guarantor or other Credit Party 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 Agreement (Sturm Ruger & Co 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)

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