Common use of Creation of Indebtedness; Guarantees Clause in Contracts

Creation of Indebtedness; Guarantees. Other than the Transaction ------------------------------------ Documents, the Issuer shall not create, incur, assume or suffer to exist any Indebtedness other than Indebtedness guaranteed or approved in writing by AGIC. The Trustee 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 Reimbursement Agreement (TFC Enterprises Inc)

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Creation of Indebtedness; Guarantees. Other than the ------------------------------------ Transaction ------------------------------------ Documents, the Issuer shall not create, incur, assume or suffer to exist any Indebtedness other than Indebtedness guaranteed or approved in writing by AGICFinancial Security. The Trustee 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 (TFC Enterprises Inc)

Creation of Indebtedness; Guarantees. Other than the Transaction ------------------------------------ Documents, the Issuer shall not create, incur, assume or suffer to exist any Indebtedness other than Indebtedness guaranteed or approved in writing by AGICRadian. The Trustee 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 (TFC Enterprises Inc)

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Creation of Indebtedness; Guarantees. Other than the ------------------------------------ Transaction ------------------------------------ Documents, the Issuer shall not create, incur, assume or suffer to exist any Indebtedness other than Indebtedness guaranteed or approved in writing by AGIC. The Trustee 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 (TFC Enterprises Inc)

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