Insider Loans means loans from Seller or any Seller Subsidiary to any executive officer or director of Seller, any Seller Subsidiary or any associate or related interest of any such person.
Insider Loans means loans from a Party or any of its Subsidiaries to any officer, director or employee of that Party or any of its Subsidiaries or any associate or related interest of any such person.
Insider Loans means one or more loans to the Borrower or a Subsidiary by an executive officer or director or relative of an executive officer or director, provided that such loans (i) do not exceed $300,000 in the aggregate, (ii) mature on a date that is later than ninety (90) days following the Maturity Date, as the same may be amended or extended from time to time, (ii) are not convertible into Common Stock or Common Stock Equivalents, (iii) no shares of Common Stock or Common Stock Equivalents are issued in connection with such Insider Loans, (iv) are unsecured and (v) do not require cash or other payment of principal or interest for at least ninety (90) days after the Maturity Date, as the same may be amended or extended from time to time.
Examples of Insider Loans in a sentence
The Insider Loans do not bear any interest and are repayable by the Company on the earlier of December 31, 2021 or the consummation of the Offering.
The Insider Loans do not bear any interest and are repayable by the Company on the earlier of December 31, 2020 or the consummation of the Offering.
The Insider Loans do not bear any interest and are repayable by the Company on the consummation of the Offering.
The Insider Loans do not bear any interest and are repayable by the Company on the earlier of March 31, 2021 or the consummation of the Offering.
The Insider Loans do not bear any interest and are repayable by the Company on the earlier of December 31, 2024 and the consummation of the Offering.
More Definitions of Insider Loans
Insider Loans means loans from Seller Bank to Persons constituting "insiders" of Seller or Seller Bank for purposes of Regulation O of the FRB, as in effect on the date of this Agreement.
Insider Loans means one or more loans to the Company or a Subsidiary by an executive officer or director or relative of an executive officer or director, provided that such loans (i) do not exceed $300,000 in the aggregate, (ii) mature on a date that is later than 90 days following the Maturity Date, as the same may be amended or extended from time to time, (ii) are not convertible into Common Stock or Common Stock Equivalents, (iii) no shares of Common Stock or Common Stock Equivalents are issued in connection with such Insider Loans, (iv) are unsecured and (v) do not require cash or other payment of principal or interest for at least 90 days after the Maturity Date, as the same may be amended or extended from time to time.
Insider Loans means loans from Peoples Bank to Persons constituting “insiders” of PSC, PBC or Peoples Bank for purposes of Regulation O of the Federal Reserve Board, as in effect on the date of this Agreement.
Insider Loans means loans from the Company or any Affiliate of the Company to any officer, director or employee of the Company or any Affiliate of the Company or any Associate or related interest of any such person.
Insider Loans means loans from Seller or Preferred to any officer, director or employee of Seller, Preferred or any associate or related interest of any such person.
Insider Loans means loans from Masontown to any of its officers, directors or employees or any associate or related interest of any such person.
Insider Loans means loans to Officers and Legal (Fiduciary) Directors of the Borrower, but shall not apply to persons in such capacities with respect to the Subsidiary Banks. STARTING DATES FOR MEASUREMENT PERIODS FOR DETERMINATIONS OF PERFORMANCE RATIOS -8- 9 ----------------------------- ---------------- --------------- ---------------- --------------- ------------------ AT CLOSING 12/31/2000 12/31/2001 12/31/2002 12/31/2003 BALANCE OF TERM ----------------------------- ---------------- --------------- ---------------- --------------- ------------------ Insider loans/Assets <4.0% <3.5% <3.0% <2.5% <2.5% ----------------------------- ---------------- --------------- ---------------- --------------- ------------------ Net Charge-offs /Loans <.50% <.40% <.25% <.25% <.25% ----------------------------- ---------------- --------------- ---------------- --------------- ------------------ Non-Current Loans/Loans <1.35% <1.25% <1.15% <1.0% <1.0% ----------------------------- ---------------- --------------- ---------------- --------------- ------------------ Non Current Loans and leases plus OREO to Assets <1.0 <1.0 <1.0 <.75 <.75 ----------------------------- ---------------- --------------- ---------------- --------------- ------------------ Loan Loss Reserve as a % of Loans >1.1% >1.15% >1.20% 1.25% >1.25% ----------------------------- ---------------- --------------- ---------------- --------------- ------------------ Loan Loss Allowance/Non Current Loans and leases >90% >100% >110% >125% >150% ----------------------------- ---------------- --------------- ---------------- --------------- ------------------ Internally Classified Assets/Equity <40% <40% <35% <30% <30% ----------------------------- ---------------- --------------- ---------------- --------------- ------------------ Core Capital/Assets >8.0% >6.75% >7.0% >7.15% >7.25% ----------------------------- ---------------- --------------- ---------------- --------------- ------------------ Interest Adjusted Return on Average Assets >.90% >.95% >1.0% >1.1% >1.15% ----------------------------- ---------------- --------------- ---------------- --------------- ------------------