Common use of Limitation on Contingent Liabilities Clause in Contracts

Limitation on Contingent Liabilities. Borrower will not, directly or indirectly, guarantee, agree to purchase or repurchase or provide funds in respect, or otherwise become or remain liable with respect to indebtedness of any character of any other person or entity.

Limitation on Contingent Liabilities. The Borrower will not, not directly or indirectly, guarantee, co-sign, agree to purchase or repurchase or provide funds in respectrespect of, or otherwise become or remain liable with respect to to, indebtedness of any character of any other person or entity, except contingent liabilities arising out of claims or litigation which are fully covered by insurance.