Creation of Indebtedness; Guarantees. The Company shall not create, incur, assume or suffer to exist any indebtedness other than indebtedness permitted under the Related Documents. The Company shall incur no additional borrowed money indebtedness secured by the Trust Property other than the Notes. The Company 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: Sale and Servicing Agreement (Asset Backed Securities Corp), Sale and Servicing Agreement (Triad Financial Corp), Sale and Servicing Agreement (Asset Backed Securities Corp)
Creation of Indebtedness; Guarantees. The Company shall not create, incur, assume or suffer to exist any indebtedness other than the Securities and any other indebtedness permitted under guaranteed or approved in writing by Financial Security. Without the Related Documents. The Company shall incur no additional borrowed money indebtedness secured by prior written consent of Financial Security, the Trust Property other than the Notes. The Company 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 1 contract
Samples: Insurance and Indemnity Agreement (Financial Pacific Co)
