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900 Regulations Governing Business of Banks and Trust Companies
902 Loans to Affiliated Bidcos
5 Del.C. §909, §910
Formerly Regulation No.: 5.909/910.0002
Effective Date: February 15, 1993
1.0 A bank which lends to an affiliated Bidco or to a Bidco in which a bank has an interest shall:
1.1 Make loans to such Bidco on substantially the same basis as any other loan subject to the loan limitations imposed by 5 Del.C. §909.
1.2 A bank shall not in any manner extend credit, lease or sell property of any kind, or furnish any service, or fix or vary the consideration for any of the foregoing on the condition or requirement:
1.2.1 that the Bidco obtain some additional credit, property, or service from such bank other than a loan, discount, deposit, or trust service;
1.2.2 that the Bidco provide some additional credit, property, or service from a bank holding company of such bank, or from any other subsidiary of such bank holding company;
1.2.3 that the Bidco not obtain some other credit, property, or service from a competitor of such bank, a bank holding company of such bank or any subsidiary of such bank holding company, other than a condition or requirement that such bank reasonably impose in a credit transaction to assure the soundness of the credit.
1.3 Bank investments in a Bidco are subject to investment limitations set forth in 5 Del.C. §910.