CONNECTED PARTIES. Unless permitted by guidelines issued by any authority which has jurisdiction over the Bank:- (i) the Borrower and/or any of his close relatives are not a director (including alternate director) in the Bank or any of the financial institutions in the Group; (ii) the Borrower and/or his close relatives are not a controlling shareholder or influential shareholder in the Bank or any of the financial institutions in the Group; (iii) the Borrower is not an executive officer or designated officer of the Bank; (iv) the Borrower is not a firm, partnership, company or any other legal entity:- (a) which is in control of or is controlled by any persons stated in Clause 2.1.19(i) to (iii); or (b) in which any person (including their close relatives in the case of individual) listed in Clause 2.1.19 (i) to (iii) other than a designated officer is interested as a director, partner, executive officer, agent or guarantor and their subsidiaries or entities controlled by them. For the purpose of this Clause:-
Appears in 1 contract
Sources: Facilities Agreement
CONNECTED PARTIES. Unless permitted by guidelines issued by any authority which has jurisdiction over the Bank:-
(i) the Borrower and/or any of his close relatives are not a director (including alternate director) in the Bank or any of the financial institutions in the Group;
(ii) the Borrower and/or his close relatives are not a controlling shareholder or influential shareholder in the Bank or any of the financial institutions in the Group;
(iii) the Borrower is not an executive officer or designated officer of the Bank;Bank;
(iv) the Borrower is not a firm, partnership, company or any other legal entity:-
(a) which is in control of or is controlled by any persons stated in Clause 2.1.19(i) to (iii); or
(b) in which any person (including their close relatives in the case of individual) listed in Clause 2.1.192.1.19(i) to
(i) to (iii) other than a designated officer is interested as a director, partner, executive officer, agent or guarantor and their subsidiaries or entities controlled by them. For the purpose of this Clause:-
Appears in 1 contract
Sources: Facilities Agreement