Limitation on Obligations. Except as contemplated by this Agreement, the other Basic Documents and the Titling Trust Agreement, the Borrower will not issue, incur, assume, guarantee or otherwise become liable, directly or indirectly, for any indebtedness unless any such indebtedness will be limited in recourse to assets of the Borrower other than the Collateral.
Appears in 22 contracts
Samples: Credit and Security Agreement (GM Financial Automobile Leasing Trust 2016-3), Credit and Security Agreement (GM Financial Automobile Leasing Trust 2017-2), Credit and Security Agreement (GM Financial Automobile Leasing Trust 2015-2)