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Common use of Creation of Indebtedness; Guarantees Clause in Contracts

Creation of Indebtedness; Guarantees. Other than the Transaction Documents, the Trust shall not create, incur, assume or suffer to exist any indebtedness other than indebtedness guaranteed or approved in writing by Financial Security. Without the prior written consent in writing of Financial Security, the Trust shall not 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.

Appears in 6 contracts

Samples: Insurance and Indemnity Agreement (AmeriCredit Automobile Receivables Trust 2007-D-F), Insurance and Indemnity Agreement (AmeriCredit Automobile Receivables Trust 2004-D-F), Insurance and Indemnity Agreement (AmeriCredit Automobile Receivables Trust 2008-a-F)

Creation of Indebtedness; Guarantees. Other than the Transaction Documents, the Funding Trust shall not create, incur, assume or suffer to exist any indebtedness other than indebtedness guaranteed or approved in writing by Financial SecuritySecurity other than the Transaction Documents. Without the prior written consent in writing of Financial Security, the Trustee and Funding Trust shall not 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.

Appears in 3 contracts

Samples: Insurance and Indemnity Agreement (AmeriCredit Automobile Receivables Trust 2004-D-F), Insurance and Indemnity Agreement (Americredit Automobile Receivables Trust 2005-C-F), Insurance and Indemnity Agreement (AFS Funding Trust)

Creation of Indebtedness; Guarantees. Other than the Transaction Documents, the The Trust shall not create, incur, assume or suffer to exist any indebtedness other than indebtedness guaranteed or approved in writing by Financial Security. Without the prior written consent in writing of Financial Security, the Trust shall not 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.

Appears in 3 contracts

Samples: Insurance and Indemnity Agreement (National Auto Finance Co Inc), Insurance and Indemnity Agreement (National Auto Finance Co Inc), Insurance and Indemnity Agreement (National Auto Finance Co Inc)

Creation of Indebtedness; Guarantees. Other than the Transaction Documents, the Trust shall not create, incur, assume or suffer to exist any indebtedness other than indebtedness guaranteed or approved in writing by Financial SecurityAssured Guaranty. Without the prior written consent in writing of Financial SecurityAssured Guaranty, the Trust shall not 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.

Appears in 2 contracts

Samples: Insurance and Indemnity Agreement (AmeriCredit Automobile Receivables Trust 2010-B), Insurance and Indemnity Agreement (AmeriCredit Automobile Receivables Trust 2010-A)