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 (Mortgage Com Inc), Credit and Security Agreement (First NLC Financial Services Inc)

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Contingent Liabilities. Assume, incur, create, guarantee, endorse, endorse or otherwise become or be liable for upon the obligation obligations of any Person person, firm, partnership, corporation or any other than the Company entity except by 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 3 contracts

Samples: Permanent Loan Agreement (Cost U Less Inc), Loan Agreement (Pricesmart Inc), Construction/Permanent Loan Agreement (Cost U Less 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 ’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, 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: Credit Agreement (Long Beach Financial Corp), 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 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 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: 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: Credit and Security Agreement (Iown Holdings 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, firm 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 1 contract

Samples: Loan Agreement (Birmingham Utilities Inc)

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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: Credit Agreement (E Loan 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: Agreement (Terrace Holdings Inc)

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, 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)

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