Common use of Relationship with Bank Clause in Contracts

Relationship with Bank. No Person having "control" of Borrower or any Subsidiary 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 such terms are defined in the Financial Institutions Regulatory and Interest Rate Control Act of 1978 and the regulations thereunder, as amended) of Bank or any bank with which Bank maintains correspondent accounts.