Common use of Control Persons Clause in Contracts

Control Persons. Borrower is not, and no Person having "control" (as that term is defined in 12 U.S.C. ss.375b or in regulations promulgated pursuant thereto) of Borrower is, an "executive officer," "director," or "person who directly or indirectly or in concert with one or more persons, owns, controls, or has the power to vote more than 10% of any class of voting securities" (as those terms are defined in 12 U.S.C. ss.375b or in regulations promulgated pursuant thereto) of Lender, of a holding company of which Lender is a subsidiary, or of any other subsidiary of a holding company of which Lender is a subsidiary, of any bank at which Lender maintains a correspondent account, or of any bank which maintains a correspondent account with any Lender.

Control Persons. Borrower ▇▇▇▇▇▇▇▇ is not, and no Person having "“control" ” (as that term is defined in 12 U.S.C. ss.375b §375b or in regulations promulgated pursuant thereto) of Borrower ▇▇▇▇▇▇▇▇ is, an "“executive officer," "” “director," ” or "“person who directly or indirectly or in concert with one or more persons, owns, controls, or has the power to vote more than 10% of any class of voting securities" ” (as those terms are defined in 12 U.S.C. ss.375b §375b or in regulations promulgated pursuant thereto) of Lender, of a holding company of which Lender is a subsidiary, or of any other subsidiary of a holding company of which Lender is a subsidiary, of any bank at which Lender maintains a correspondent account, or of any bank which maintains a correspondent account with any Lender.