Common use of Contingent Liabilities Clause in Contracts

Contingent Liabilities. Assume, incur, create, guarantee, endorse, or otherwise become or be liable for the obligation of any Person other than the Company except by endorsement of negotiable instruments for deposit or collection in the ordinary course of business and excluding the sale of Mortgage Loans with recourse in the ordinary course of the company's business.

Appears in 6 contracts

Samples: Warehousing Credit and Security Agreement (Mortgage Com Inc), Warehousing Credit and Security Agreement (BNC Mortgage Inc), Warehousing Credit and Security Agreement (Nab Asset Corp)

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Contingent Liabilities. Assume, incur, create, guarantee, endorse, or otherwise become or be liable for the Debt or other obligation of any Person other than the Company or entity except (a) by endorsement of negotiable instruments for deposit or collection in the ordinary course of business and excluding (b) under the sale of Mortgage Loans with recourse in the ordinary course of the companyCompany's businessexisting contingent liabilities described on SCHEDULE 10.1.

Appears in 2 contracts

Samples: Senior Secured Credit Agreement (Long Beach Financial Corp), Senior Secured Credit Agreement (Long Beach Financial Corp)

Contingent Liabilities. Assume, incur, create, guarantee, endorse, or otherwise become or be liable for the obligation of any Person other than the Company except by endorsement of negotiable instruments for deposit or collection in the ordinary course of business and excluding the sale of Mortgage Loans with recourse in the ordinary course of the company's ’s business.

Appears in 2 contracts

Samples: Warehousing Credit and Security Agreement (Sirva Inc), Warehousing Credit and Security Agreement (Sirva Inc)

Contingent Liabilities. Assume, incur, create, guarantee, endorse, endorse or otherwise become or be liable for upon the obligation obligations of any Person other than the Company person, entity or corporation except by the endorsement of negotiable instruments for deposit or collection or similar transactions in the ordinary course of business and excluding the sale of Mortgage Loans with recourse in the ordinary course of the company's business.

Appears in 2 contracts

Samples: Credit Agreement (Able Laboratories Inc), Credit Agreement (Able Laboratories Inc)

Contingent Liabilities. Assume, incur, create, guarantee, endorse, or ---------------------- otherwise become or be liable for the obligation of any Person other than the Company except by endorsement of negotiable instruments for deposit or collection in the ordinary course of business and excluding the sale of Mortgage Loans with recourse in the ordinary course of the company's business.

Appears in 1 contract

Samples: Warehousing Credit and Security Agreement (Iown Holdings Inc)

Contingent Liabilities. Assume, incur, create, guarantee, endorse, endorse or otherwise become or be remain directly or indirectly liable in connection with the obligations of any other person, firm or corporation, except for the obligation of any Person other than the Company except by endorsement of negotiable or other instruments for deposit or collection or similar transactions in the ordinary course of business and excluding the sale of Mortgage Loans with recourse in the ordinary course of the company's its business.

Appears in 1 contract

Samples: Convertible Subordinated Notes and Warrants Agreement (Terrace Holdings Inc)

Contingent Liabilities. Assume, incur, create, guarantee, endorse, or otherwise become or be liable for the Debt or other obligation of any Person other than the Company or entity except (a) by endorsement of negotiable instruments for deposit or collection in the ordinary course of business business, (b) guaranties of Debt of wholly-owned Subsidiaries and excluding (c) under the sale of Mortgage Loans with recourse in the ordinary course of the companyCompany's businessexisting contingent liabilities described on SCHEDULE 8.4.

Appears in 1 contract

Samples: Senior Secured Credit Agreement (Sunset Financial Resources Inc)

Contingent Liabilities. Assume, incur, create, guarantee, endorse, ---------------------- or otherwise become or be liable for the obligation of any Person other than the Company except by endorsement of negotiable instruments for deposit or collection in the ordinary course of business and excluding the sale of Mortgage Loans with recourse in the ordinary course of the company's business.

Appears in 1 contract

Samples: Loan and Security Agreement (Nab Asset Corp)

Contingent Liabilities. Assume, incur, create, guarantee, endorse, or otherwise become or be liable for the Debt or other obligation of any Person other than the Company or entity except (a) by endorsement of negotiable instruments for deposit or collection in the ordinary course of business business, (b) guaranties of Debt of wholly-owned Subsidiaries and excluding (c) under the sale of Mortgage Loans with recourse in the ordinary course of the company's businessCompany’s existing contingent liabilities described on Schedule 8.4.

Appears in 1 contract

Samples: Senior Secured Credit Agreement (E Loan Inc)

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Contingent Liabilities. Assume, incur, create, guarantee, endorse, or otherwise become or be contingently liable for the obligation of any Person other than the Company except by endorsement of negotiable instruments for deposit or collection in the ordinary course of business and excluding the sale of Mortgage Loans with recourse in the ordinary course of the companyCompany's business.

Appears in 1 contract

Samples: Warehousing Credit and Security Agreement (Amresco Inc)

Contingent Liabilities. Assume, incur, create, guarantee, endorse, or otherwise become or be liable for the obligation of any Person other than the Company Sellers except by endorsement of negotiable instruments for deposit or collection in the ordinary course of business and excluding the sale of Mortgage Loans with recourse in the ordinary course of the company's Sellers’ business.

Appears in 1 contract

Samples: Master Repurchase Agreement (Guild Holdings Co)

Contingent Liabilities. Assume, incur, create, guarantee, endorse, or otherwise become or be liable for the obligation of any Person Person, other than a subsidiary or affiliate of the Company Company, except by endorsement of negotiable instruments for deposit or collection in the ordinary course of business and excluding the sale of Mortgage Loans with recourse in the ordinary course of the company's business.

Appears in 1 contract

Samples: Flow Warehousing Credit and Security Agreement (Franklin Credit Management Corp/De/)

Contingent Liabilities. Assume, incur, create, guarantee, endorse, endorse or otherwise become or be liable for in connection with the obligation obligations of any Person other than Person, firm or corporation except: (i) Liabilities of the Company except Borrower resulting from product warranties made by the Borrower in the ordinary course of its business; and (ii) Liabilities of the Borrower resulting from its endorsement of negotiable items or instruments for deposit or collection in the ordinary course of business and excluding the sale of Mortgage Loans with recourse in the ordinary course of the company's its business.

Appears in 1 contract

Samples: Loan and Security Agreement (Forward Industries Inc)

Contingent Liabilities. Assume, incur, create, Assume guarantee, endorse, endorse or otherwise become or be liable for the Debt or other obligation of any Person other than the Company or entity except by endorsement of negotiable instruments for deposit or collection in the ordinary course of business and excluding the sale of Mortgage Loans with recourse in the ordinary course of the company's business.

Appears in 1 contract

Samples: Senior Secured Credit Agreement (Homebanc Corp)

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