Common use of Transactions with Certain Persons and Entities Clause in Contracts

Transactions with Certain Persons and Entities. Except as disclosed on Confidential Schedule 4.18 and excluding deposit liabilities, there are no outstanding amounts payable to or receivable from, or advances by IBG or any IBG Subsidiary to, and neither IBG nor any IBG Subsidiary is otherwise a creditor to any director or officer of IBG or any IBG Subsidiary nor is IBG or any IBG Subsidiary a debtor to any such Person other than as part of the normal and customary terms of such person’s employment or service as a director with IBG or any IBG Subsidiary. Except as disclosed on Confidential Schedule 4.18 neither IBG nor any IBG Subsidiary uses any asset owned by any shareholder or any present or former director or officer of IBG or any IBG Subsidiary, or any Affiliate thereof, in the operations (other than personal belongings of such officers and directors located in the Independent Bank’s premises, the removal of which would not result in a Material Adverse Change), nor do any of such persons own or have the right to use real property that is adjacent to property on which Independent Bank’s facilities are located. Except as disclosed on Confidential Schedule 4.18, neither IBG nor any IBG Subsidiary is a party to any transaction or agreement with any director or executive officer (or their respective Affiliates) of IBG or any IBG Subsidiary (other than as part of the normal and customary terms of such person’s employment or service as a director with IBG or any IBG Subsidiary).

Appears in 2 contracts

Samples: Agreement and Plan of Reorganization (Independent Bank Group, Inc.), Agreement and Plan of Reorganization (Guaranty Bancorp)

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Transactions with Certain Persons and Entities. Except as disclosed on Confidential Schedule 4.18 3.18 and excluding deposit liabilities, there are no outstanding amounts payable to or receivable from, or advances by IBG CBI or any IBG CBI Subsidiary to, and neither IBG CBI nor any IBG CBI Subsidiary is otherwise a creditor to any director or officer of IBG CBI or any IBG CBI Subsidiary nor is IBG CBI or any IBG CBI Subsidiary a debtor to any such Person person other than as part of the normal and customary terms of such person’s employment or service as a director with IBG CBI or any IBG CBI Subsidiary. Except as disclosed on Confidential Schedule 4.18 3.18 neither IBG CBI nor any IBG CBI Subsidiary uses any asset owned by any shareholder or any present or former director or officer of IBG CBI or any IBG CBI Subsidiary, or any Affiliate thereof, in the operations (other than personal belongings of such officers and directors located in the Independent Northstar Bank’s premises, the removal of which would not result in a Material Adverse Change), nor do any of such persons own or have the right to use real property that is adjacent to property on which Independent Northstar Bank’s facilities are located. Except as disclosed on Confidential Schedule 4.183.18, neither IBG CBI nor any IBG CBI Subsidiary is a party to any transaction or agreement with any director or executive officer (or their respective Affiliates) of IBG CBI or any IBG Subsidiary (other than as part of the normal and customary terms of such person’s employment or service as a director with IBG or any IBG CBI Subsidiary).

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Independent Bank Group, Inc.)

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Transactions with Certain Persons and Entities. Except as disclosed on Confidential Schedule 4.18 3.18 and excluding deposit liabilities, there are no outstanding amounts payable to or receivable from, or advances by IBG IBI or any IBG IBI Subsidiary to, and neither IBG IBI nor any IBG IBI Subsidiary is otherwise a creditor to any director or officer of IBG IBI or any IBG IBI Subsidiary nor is IBG IBI or any IBG IBI Subsidiary a debtor to any such Person person other than as part of the normal and customary terms of such person’s employment or service as a director with IBG IBI or any IBG IBI Subsidiary. Except as disclosed on Confidential Schedule 4.18 3.18 neither IBG IBI nor any IBG IBI Subsidiary uses any asset owned by any shareholder or any present or former director or officer of IBG IBI or any IBG IBI Subsidiary, or any Affiliate thereof, in the operations (other than personal belongings of such officers and directors located in the Independent Integrity Bank’s premises, the removal of which would not result in a Material Adverse Change), nor do any of such persons own or have the right to use real property that is adjacent to property on which Independent Integrity Bank’s facilities are located. Except as disclosed on Confidential Schedule 4.183.18, neither IBG IBI nor any IBG IBI Subsidiary is a party to any transaction or agreement with any director or executive officer (or their respective Affiliates) of IBG IBI or any IBG Subsidiary (other than as part of the normal and customary terms of such person’s employment or service as a director with IBG or any IBG IBI Subsidiary).

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Independent Bank Group, Inc.)

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