Common use of Creation of Indebtedness; Guarantees Clause in Contracts

Creation of Indebtedness; Guarantees. The Seller shall not create, incur, assume or suffer to exist any indebtedness or assume, guarantee, endorse or otherwise be or become directly or contingently liable for the obligations of any Person by, among other things, agreeing to purchase any obligation of another Person, agreeing to advance funds to such Person or causing or assisting such Person to maintain any amount of capital, except as contemplated by the Transaction Documents or as contemplated by the documents relating to a Series of Notes.

Appears in 11 contracts

Samples: Insurance and Indemnity Agreement (Arcadia Financial LTD), Insurance and Indemnity Agreement (Arcadia Financial LTD), Insurance and Indemnity Agreement (Arcadia Financial LTD)

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Creation of Indebtedness; Guarantees. The Seller shall not create, incur, assume or suffer to exist any indebtedness or assume, guarantee, endorse or otherwise be or become directly or contingently liable for the obligations of any Person by, among other things, agreeing to purchase any obligation of another Person, agreeing to advance funds to such Person or causing or assisting such Person to maintain any amount of capital, except as contemplated by the Transaction Documents or as contemplated by the documents relating to a Series of Certificates or Notes.

Appears in 3 contracts

Samples: Insurance and Indemnity Agreement (Olympic Financial LTD), Insurance and Indemnity Agreement (Olympic Financial LTD), Insurance and Indemnity Agreement (Olympic Financial LTD)

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