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. 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 Subsidiary, or of any Subsidiary of a bank holding company of which any Bank is a Subsidiary.

Appears in 2 contracts

Samples: Credit Agreement (Hastings Entertainment Inc), Credit Agreement (Hastings Entertainment Inc)

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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 and Security Agreement (SFBC International Inc), Credit and Security Agreement (SFBC International Inc)

Insider. Such 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 such 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 BankLender, of a bank holding company of which any Bank Lender is a Subsidiarysubsidiary, or of any Subsidiary subsidiary of a bank holding company of which any Bank Lender is a Subsidiarysubsidiary.

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

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: 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. 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: Loan and Security Agreement (Vitacost.com, Inc.), Loan and Security Agreement (Primo Water Corp)

Insider. No Borrower is notis, 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 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. Section § 375(b) or in regulations promulgated pursuant thereto) of any BankLender, of a bank holding company of which any Bank Lender is a Subsidiarysubsidiary, or of any Subsidiary subsidiary of a bank holding company of which any Bank Lender is a Subsidiarysubsidiary.

Appears in 1 contract

Samples: Loan Agreement (Sturm Ruger & Co 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 1 contract

Samples: Revolving Credit and Security Agreement (Sri Surgical Express Inc)

Insider. No Borrower is notis, and no Person having "control" (as that term is defined in 12 U.S.C. Section 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. Section 375(bss.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 1 contract

Samples: Loan and Security Agreement (Emerson Radio Corp)

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 it 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 1 contract

Samples: And Security Agreement (Sri Surgical Express Inc)

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Insider. Borrower is not, and no Person having "control" (as that term is defined in 12 U.S.C. Section 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. Section Sec. 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 1 contract

Samples: And Security Agreement (Home Diagnostics Inc)

Insider. Each 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 such 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 BankLender, of a bank holding company of which any Bank Lender is a Subsidiarysubsidiary, or of any Subsidiary subsidiary of a bank holding company of which any Bank Lender is a Subsidiarysubsidiary.

Appears in 1 contract

Samples: Loan and Security Agreement (Autoinfo Inc)

Insider. Borrower is not, and no Person having "control" (as that term is defined in 12 U.S.C. Section {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 {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 1 contract

Samples: Credit and Security Agreement (Digital Lightwave 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 BankLender, of a bank holding company of which any Bank is Lender may be a Subsidiarysubsidiary, or of any Subsidiary subsidiary of a bank holding company of which Lender may be a subsidiary, or of any Bank bank at which Lender maintains a "correspondent account" (as such term is defined in such statute or regulations), or of any bank which maintains a Subsidiarycorrespondent account with Lender.

Appears in 1 contract

Samples: Loan and Security Agreement (King Pharmaceuticals 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 BankLender, of a bank holding company of which any Bank Lender is a Subsidiarysubsidiary, or of any Subsidiary subsidiary of a bank holding company of which any Bank Lender is a Subsidiarysubsidiary.

Appears in 1 contract

Samples: Loan and Security Agreement (Transcend Services Inc)

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