Common use of No Insider Clause in Contracts

No Insider. Neither the Borrower nor any Person having ---------- "control" (as defined in 12 U.S.C. (S)375(b)(9) and the regulations promulgated pursuant thereto) of the Borrower is, an "executive officer," "director," or "principal shareholder" (as such terms are defined in 12 U.S.C. (S)375(b)(9) and the regulations promulgated pursuant thereto) of any Bank, of any bank holding company of which any Bank is a Subsidiary, or of any Subsidiary of any bank holding company of which any Bank is a Subsidiary.

Appears in 2 contracts

Samples: Working Capital Line of Credit and Security Agreement (Homecapital Investment Corp), Warehouse Loan Agreement (Homecapital Investment Corp)

AutoNDA by SimpleDocs

No Insider. Neither the Borrower nor any Person having ---------- "control" (as defined in 12 U.S.C. (S)375(b)(9) and the regulations promulgated pursuant thereto) of the Borrower is, an "executive officer," "director," or "principal shareholder" (as such terms are defined in 12 U.S.C. (S)375(b)(9) and the regulations promulgated pursuant thereto) of any Bank, of any bank holding company of which any Bank is a Subsidiary, or of any Subsidiary of any bank holding company of which any Bank is a Subsidiary.

Appears in 2 contracts

Samples: Working Capital Line of Credit and Security Agreement (Homecapital Investment Corp), Warehouse Loan Agreement (Homecapital Investment Corp)

AutoNDA by SimpleDocs

No Insider. Neither the Borrower nor any Person having ---------- "control" (as defined in 12 U.S.C. (S)375(b)(90375(b)(9) and the regulations promulgated pursuant thereto) of the Borrower is, is an "executive officer," "director," or "principal shareholder" (as such terms are defined in 12 U.S.C. (S)375(b)(9Section75(b)(9) and the regulations promulgated pursuant thereto) of any Bankbank, of any bank holding company of which any Bank bank is a Subsidiary, or of any Subsidiary of any bank holding company of which any Bank bank is a Subsidiary.

Appears in 1 contract

Samples: Revolving Credit Agreement (Philips International Realty Corp)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!