Common use of Guarantees, Loans, Advances and Other Liabilities Clause in Contracts

Guarantees, Loans, Advances and Other Liabilities. Except as contemplated by this Indenture or the other Transaction Documents, neither the Issuing Entity nor the Grantor Trust shall make any loan or advance or credit to, or guarantee (directly or indirectly or by an instrument having the effect of assuring another’s payment or performance on any obligation or capability of so doing or otherwise), endorse or otherwise become contingently liable, directly or indirectly, in connection with the obligations, stocks or dividends of, or own, purchase, repurchase or acquire (or agree contingently to do so) any stock, obligations, assets or securities of, or any other interest in, or make any capital contribution to, any other Person.

Appears in 13 contracts

Samples: Indenture (Carvana Auto Receivables Trust 2021-P2), Indenture (Carvana Auto Receivables Trust 2021-N2), Indenture (Carvana Auto Receivables Trust 2021-P4)

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Guarantees, Loans, Advances and Other Liabilities. Except as contemplated by this Indenture or the other Transaction Basic Documents, neither the Issuing Entity nor [and the Grantor Trust Trust] shall not make any loan or advance or credit to, or guarantee (directly or indirectly or by an instrument having the effect of assuring another’s payment or performance on any obligation or capability of so doing or otherwise), endorse or otherwise become contingently liable, directly or indirectly, in connection with the obligations, stocks or dividends of, or own, purchase, repurchase or acquire (or agree contingently to do so) any stock, obligations, assets or securities of, or any other interest in, or make any capital contribution to, any other Person.

Appears in 1 contract

Samples: World Omni Auto Receivables LLC

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