Common use of No Borrowing Clause in Contracts

No Borrowing. The Issuer shall not issue, incur, assume, guarantee or otherwise become liable, directly or indirectly, for any indebtedness except for the Bonds and amounts due to the Bond Insurer under this Indenture and the Insurance Agreement.

Appears in 23 contracts

Samples: Servicing Agreement (Imh Assets Corp., Collateralized Asset-Backed Bonds, Series 2005-7), Indenture (Imh Assets Corp), Custodial Agreement (Imh Assets Corp Impac CMB Trust Series 1999-1)

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No Borrowing. The Issuer shall not issue, incur, assume, guarantee or otherwise become liable, directly or indirectly, for any indebtedness except for the Bonds and amounts due to the Bond Insurer under this Indenture and the Insurance AgreementBonds.

Appears in 20 contracts

Samples: Indenture (IMPAC CMB Trust Series 2005-5), Servicing Agreement (Impac CMB Trust Series 2005-8), Indenture (Impac CMB Trust Series 1998-2)

No Borrowing. The Issuer shall not issue, incur, assume, guarantee or otherwise become liable, directly or indirectly, for any indebtedness except for the Bonds and amounts due to the Bond Insurer under this Indenture and the Insurance AgreementIndenture.

Appears in 19 contracts

Samples: Servicing Agreement (Imh Assets Corp Impac CMB Trust Series 2003 10), Servicing Agreement (Imh Assets Corp Collateralized Asset Backed Bonds Ser 2004 4), Indenture (Imh Assets Corp Collateralized Asset Backed Bonds Ser 2004 3)

No Borrowing. The Except as contemplated by this Indenture, the Issuer shall not issue, incur, assume, guarantee or otherwise become liable, directly or indirectly, for any indebtedness except for the Bonds and amounts due the obligation to reimburse each Master Servicer, the Bond Insurer under this Indenture Trustee and the Insurance AgreementFiscal Agent for Advances, to pay accrued Advance Interest on such Advances and for the obligations of the Issuer under the Transaction Documents.

Appears in 1 contract

Samples: Indenture (Istar Financial Inc)

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No Borrowing. The Issuer shall not issue, incur, assume, ------------- guarantee or otherwise become liable, directly or indirectly, for any indebtedness except for the Bonds and amounts due to the Bond Insurer under this Indenture and the Insurance Agreement.

Appears in 1 contract

Samples: Servicing Agreement (Imh Assets Corp)

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