eligible debt

(4) Eligible debt The term “eligible debt” means unsecured long-term debt that— (A) is not supported by any form of credit enhancement, including a guarantee or standby letter of credit; and (B) is not held in whole or in any significant part by any affiliate, officer, director, principal shareholder, or employee of the bank or any other person acting on behalf of or with funds from the bank or an affiliate of the bank.

Source

12 USC § 24a(g)(4)


Scoping language

For purposes of this section
Is this correct? or