Common use of No Borrowing Clause in Contracts

No Borrowing. The Issuing Entity shall not issue, incur, assume, guarantee or otherwise become liable, directly or indirectly, for any indebtedness.

Appears in 97 contracts

Samples: Indenture (World Omni Select Auto Trust 2024-A), Indenture (World Omni Auto Receivables Trust 2024-B), Indenture (World Omni Auto Receivables Trust 2024-B)

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No Borrowing. The Issuing Entity shall not issue, incur, assume, guarantee or otherwise become liable, directly or indirectly, for any indebtednessindebtedness except for the Notes.

Appears in 51 contracts

Samples: Indenture (CNH Equipment Trust 2024-B), Indenture (CNH Equipment Trust 2024-B), Indenture (CNH Equipment Trust 2023-B)

No Borrowing. The Issuing Entity shall not issue, incur, assume, guarantee or otherwise become liable, directly or indirectly, for any indebtednessindebtedness for money borrowed other than indebtedness for money borrowed in respect of the Notes or otherwise in accordance with the Transaction Documents.

Appears in 13 contracts

Samples: Indenture (Carvana Auto Receivables Trust 2022-P1), Indenture (Carvana Auto Receivables Trust 2022-P1), Indenture (Carvana Auto Receivables Trust 2021-P4)

No Borrowing. The Issuing Entity shall not issue, incur, assume, guarantee or otherwise become liable, directly or indirectly, for any indebtednessindebtedness except for the Notes under this Indenture.

Appears in 10 contracts

Samples: Master Agreement (GSC Capital Corp. Mortgage Trust 2006-1), Indenture (Bear Stearns ARM Trust 2006-1), Indenture (Bear Stearns ARM Trust 2007-2)

No Borrowing. The Issuing Entity shall not issue, incur, assume, guarantee or otherwise become liable, directly or indirectly, for any indebtednessindebtedness other than the Notes.

Appears in 3 contracts

Samples: Indenture (SunTrust Mortgage Securitization, LLC), Fieldstone Mortgage Investment CORP, Indenture (Financial Asset Securities Corp)

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No Borrowing. The Issuing Entity shall not issue, incur, assume, guarantee or otherwise become liable, directly or indirectly, for any indebtedness, except for the Notes.

Appears in 2 contracts

Samples: Material Definitive Agreement (Bear Stearns Asset Backed Securities I LLC), Material Definitive Agreement (Bear Stearns Asset Backed Securities I LLC)

No Borrowing. The Issuing Entity shall will not issue, incur, assume, guarantee or otherwise become liable, directly or indirectly, for any indebtednessindebtedness for borrowed money except for the Notes.

Appears in 1 contract

Samples: Navistar Financial Dealer (Navistar International Corp)

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