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 Notes.

Appears in 621 contracts

Sources: Indenture (CarMax Auto Owner Trust 2026-1), Indenture (CarMax Auto Owner Trust 2026-1), Indenture (CarMax Auto Owner Trust 2025-4)

No Borrowing. The Issuer shall not issue, incur, assume, guarantee or otherwise become liable, directly or indirectly, for any indebtedness except for (i) the NotesNotes and (ii) any other indebtedness permitted by or arising under the other Basic Documents.

Appears in 104 contracts

Sources: Indenture (American Honda Receivables LLC), Indenture (Honda Auto Receivables 2024-2 Owner Trust), Indenture (Honda Auto Receivables 2024-2 Owner Trust)

No Borrowing. The Issuer shall not issue, incur, assume, guarantee or otherwise become liable, directly or indirectly, for any indebtedness except for the NotesNotes under this Indenture.

Appears in 71 contracts

Sources: Indenture (New York Mortgage Trust Inc), Indenture (Homebanc Corp), Indenture (GSR Trust 2005-Hel1)

No Borrowing. The Issuer shall not issue, incur, assume, guarantee or otherwise become liable, directly or indirectly, for any indebtedness except for the NotesNotes and the Certificates.

Appears in 58 contracts

Sources: Indenture (Usaa Acceptance LLC), Indenture (USAA Auto Owner Trust 2008-1), Indenture (GS Auto Loan Trust 2005-1)

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

Appears in 54 contracts

Sources: Indenture (Chrysler Financial Auto Securitization Trust 2010-A), Indenture (World Omni Auto Receivables Trust 2005-A), Indenture (Daimlerchrysler Auto Trust 2008-B)

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

Appears in 33 contracts

Sources: Indenture (Homebanc Corp), Indenture (First NLC Trust 2005-3 Mortgate-Backed Notes, Series 2005-3), Indenture (FBR Securitization, Inc.)

No Borrowing. The Issuer shall not issue, incur, assume, guarantee or otherwise become liable, directly or indirectly, for any indebtedness except for money borrowed other than indebtedness for money borrowed in respect of the NotesNotes or in accordance with the Basic Documents.

Appears in 19 contracts

Sources: Underwriting Agreement (Goldman Sachs Asset Backed Securities Corp), Indenture (Navistar Financial Retail Receivables Corporation), Indenture (Wodfi LLC)

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

Appears in 15 contracts

Sources: Indenture (WF Card Funding LLC), Indenture Agreement (WF Card Issuance Trust), Indenture (BA Master Credit Card Trust II)

No Borrowing. The Issuer shall not issue, incur, assume, guarantee or otherwise become liable, directly or indirectly, for any indebtedness except as expressly provided for pursuant to the terms of the Transaction Documents and the Notes.

Appears in 14 contracts

Sources: Master Indenture (United States Cellular Corp), Master Indenture (Compucredit Corp), Master Indenture (Nordstrom Inc)

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

Appears in 14 contracts

Sources: Indenture (SLM Funding Corp), Indenture (SSB Vehicle Securities Inc), Indenture (SLM Funding Corp)

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

Appears in 13 contracts

Sources: Indenture (Wells Fargo Financial Auto Owner Trust 2005-A), Indenture (Ace Sec Corp Wells Fargo Financial Auto Owner Trust 2004-A), Indenture (Bond Securitization LLC)

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

Appears in 12 contracts

Sources: Indenture (American Express Receivables Financing Corp VIII LLC), Second Amended and Restated Indenture (American Express Receivables Financing Corp VIII LLC), Indenture (Capital One Master Trust)

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

Appears in 12 contracts

Sources: Indenture (Superior Bank FSB Afc Mortgage Ln Asset Bk Notes Ser 1999-3), Indenture (Imc Home Equity Loan Owner Trust 1998-6), Indenture (First Alliance Mortgage Loan Trust 1998-1a)

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

Appears in 11 contracts

Sources: Indenture (Bear Stearns Asset Backed Securities Inc), Indenture (Bear Stearns Asset Backed Securities Inc), Indenture (Irwin Whole Loan Home Equity Trust 2005-A)

No Borrowing. The Issuer shall not issue, incur, assume, guarantee or otherwise become liable, directly or indirectly, for any indebtedness except for (i) the NotesNotes and (ii) any other indebtedness permitted by or arising under the Basic Documents.

Appears in 10 contracts

Sources: Indenture (WDS Receivables LLC), Indenture (Wachovia Auto Loan Owner Trust 2007-1), Indenture (Wachovia Auto Owner Trust 2008-A)

No Borrowing. The Except as contemplated by this Indenture or the other Basic Documents, the Issuer shall not issue, incur, assume, guarantee or otherwise become liable, directly or indirectly, for any indebtedness except for the Notes.

Appears in 9 contracts

Sources: Indenture (SMS Student Loan Trust 2000-B), Indenture (SMS Student Loan Trust 2000-A), Indenture (Usa Group Secondary Market Services Inc)

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

Appears in 8 contracts

Sources: Indenture (Provident Bank), Indenture (Signet Bank Maryland), Indenture (Auto Nations Receivables Corp)

No Borrowing. The Issuer shall not issue, incur, assume, guarantee or otherwise become liable, directly or indirectly, for any indebtedness except for as expressly contemplated by the Transaction Documents and the Notes.

Appears in 8 contracts

Sources: Omnibus Amendment (Conns Inc), Omnibus Amendment (Conns Inc), Indenture (Conns Inc)

No Borrowing. The Issuer shall not issue, incur, assume, guarantee or otherwise become liable, directly or indirectly, for any indebtedness except for money borrowed in respect of the NotesNotes or in accordance with the Basic Documents.

Appears in 7 contracts

Sources: Indenture (Trans Leasing International Inc), Indenture (Chase Manhattan Bank Usa), Indenture (Chase Credit Card Master Trust)

No Borrowing. The Issuer shall may not issue, incur, assume, guarantee or otherwise become liable, directly or indirectly, for any indebtedness except as expressly provided for pursuant to the terms of the Transaction Documents and the Notes.

Appears in 6 contracts

Sources: Indenture (Ford Credit Floorplan Corp), Indenture (Ford Credit Floorplan LLC), Indenture (Nissan Wholesale Receivables Corp Ii)

No Borrowing. The Issuer shall not issue, incur, assume, guarantee or otherwise become liable, directly or indirectly, for any indebtedness except for as contemplated by the Transaction Documents and the Notes.

Appears in 6 contracts

Sources: Master Indenture, Master Indenture (Atlanticus Holdings Corp), Master Indenture (Atlanticus Holdings Corp)

No Borrowing. The Except as contemplated by the Indenture or the Basic Documents, the Issuer shall not issue, incur, assume, guarantee or otherwise become liable, directly or indirectly, for any indebtedness except for the Notes.

Appears in 5 contracts

Sources: Indenture (Home Equity Mortgage Trust 2006-2), Indenture (Home Equity Mortgage Trust 2007-1), Indenture (CSFB Acceptance Corp Home Equity Loan Back Notes Ser 2003-A)

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

Appears in 5 contracts

Sources: Indenture (Mellon Bank Premium Finance Loan Master Trust), Indenture (Mellon Premium Finance Loan Owner Trust), Indenture (First Union Student Loan Trust 1997-1)

No Borrowing. The Issuer shall not issue, incur, assume, guarantee or otherwise become liable, directly or indirectly, for any indebtedness except for the NotesNotes and such other obligations as are authorized under the Basic Documents.

Appears in 5 contracts

Sources: Indenture (Transworld Insurance Co), Indenture (Crestar Bank /Va), Indenture (Crestar Bank /Va)

No Borrowing. The Issuer shall not issue, incur, assume, guarantee or otherwise become liable, directly or indirectly, for any indebtedness indebtedness, or incur any other obligations or liabilities, except for the Notes.

Appears in 5 contracts

Sources: Indenture (California Republic Auto Receivables Trust 2015-2), Indenture (California Republic Funding LLC), Indenture (California Republic Funding LLC)

No Borrowing. The Issuer shall will not issue, incur, assume, guarantee or otherwise become liable, directly or indirectly, for any indebtedness additional indebtedness, except for pursuant to a subordinated note or as otherwise provided in the Notes.Issuer's charter documents. [END OF ARTICLE X]

Appears in 4 contracts

Sources: Indenture Agreement (First Usa Credit Card Master Trust), Indenture (Bank One Delaware National Association), Indenture (Chase Manhattan Bank Usa)

No Borrowing. The Issuer shall not issue, incur, assume, guarantee or otherwise become liable, directly or indirectly, for any indebtedness except for other than as contemplated by this Indenture and the Notesother Basic Documents.

Appears in 4 contracts

Sources: Indenture (Deutsche Recreational Asset Funding Corp), Indenture (Deutsche Recreational Asset Funding Corp), Indenture (Deutsche Recreational Asset Funding Corp)

No Borrowing. The Issuer shall not issue, incur, assume, guarantee or otherwise become liable, directly or indirectly, for any indebtedness except as expressly provided for pursuant to the terms of the Basic Documents and the Notes.

Appears in 3 contracts

Sources: Indenture (Metlife Capital Equipment Loan Trusts), Indenture (Auto Nations Receivables Corp), Indenture (Metlife Capital Equipment Loan Trusts)

No Borrowing. The Issuer shall not issue, incur, assume, guarantee or otherwise become liable, directly or indirectly, for any indebtedness secured by the Collateral, except for the Notes.

Appears in 3 contracts

Sources: Indenture (Bluegreen Corp), Indenture (Bluegreen Corp), Indenture (Bluegreen Corp)

No Borrowing. The Issuer shall not issue, incur, assume, guarantee or otherwise become liable, directly or indirectly, for any indebtedness except for the NotesNotes and the Fixed Value Securities as provided in Section 2.04 of the Sale and Servicing Agreement.

Appears in 2 contracts

Sources: Indenture (Premier Auto Trust 1997 1), Indenture (Premier Auto Trust 1996-4)

No Borrowing. The Issuer shall not issue, incur, assume, guarantee or otherwise become liable, directly or indirectly, for any indebtedness except for money borrowed other than indebtedness for money borrowed in respect of the NotesNotes or otherwise in accordance with the Basic Documents.

Appears in 2 contracts

Sources: Indenture (Capital Auto Receivables Inc), Indenture (Capital Auto Receivables Inc)

No Borrowing. The Issuer shall will not issue, incur, assume, guarantee or otherwise become liable, directly or indirectly, for any indebtedness additional indebtedness, except for the NotesNotes and under the Transaction Documents related thereto.

Appears in 2 contracts

Sources: Trust Indenture, Trust Indenture

No Borrowing. The Issuer shall not issue, incur, assume, guarantee or otherwise become liable, directly or indirectly, for any indebtedness Indebtedness except for (i) the NotesNotes and (ii) any other Indebtedness permitted by or arising under the Basic Documents.

Appears in 2 contracts

Sources: Indenture (Household Auto Receivables Corp), Indenture (Household Automobile Revolving Trust I)

No Borrowing. The Issuer shall will not issue, incur, assume, guarantee or otherwise become liable, directly or indirectly, for any indebtedness additional indebtedness, except for the Notes.. [END OF ARTICLE XI]

Appears in 2 contracts

Sources: Indenture (American Express Issuance Trust), Indenture Agreement (American Express Issuance Trust)

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

Appears in 2 contracts

Sources: Indenture (Citibank South Dakota N A), Indenture (Citibank Credit Card Master Trust I)

No Borrowing. The Issuer shall not issue, incur, ------------ assume, guarantee or otherwise become liable, directly or indirectly, for any indebtedness except for money borrowed other than indebtedness for money borrowed in respect of the NotesNotes or in accordance with the Basic Documents.

Appears in 2 contracts

Sources: Indenture (Volkswagen Dealer Finance LLC), Indenture (First Security Bank Na)

No Borrowing. The Issuer shall not issue, incur, assume, ------------ guarantee or otherwise become liable, directly or indirectly, for any indebtedness except for the Notesother than as contemplated by this Indenture.

Appears in 2 contracts

Sources: Indenture (Deutsche Recreational Asset Funding Corp), Indenture (Deutsche Recreational Asset Funding Corp)

No Borrowing. The Issuer shall will not issue, incur, assume, guarantee or otherwise become liable, directly or indirectly, for any indebtedness additional indebtedness, except for the Notes.. [END OF ARTICLE X]

Appears in 2 contracts

Sources: Indenture (Capital One Master Trust), Indenture Agreement (Capital One Master Trust)

No Borrowing. The Issuer shall not issue, incur, assume, ------------ guarantee or otherwise become liable, directly or indirectly, for any indebtedness except for the NotesNotes or as permitted under the Basic Documents.

Appears in 1 contract

Sources: Indenture (Ml Asset Backed Corp)

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

Appears in 1 contract

Sources: Indenture (Mbna Credit Card Master Note Trust)

No Borrowing. The Issuer shall not issue, incur, assume, guarantee or otherwise become liable, directly or indirectly, for any indebtedness Indebtedness except for (i) the Notes., (ii) any other Indebtedness permitted by or arising under the Related Documents and (iii) a

Appears in 1 contract

Sources: Indenture (Olympic Financial LTD)

No Borrowing. The Issuer shall not issue, incur, assume, guarantee or otherwise become liable, directly or indirectly, for any indebtedness for any borrowings, (including, without limitation, any such indebtedness evidenced by notes, bonds, debentures or similar instruments), except for the Notes.

Appears in 1 contract

Sources: Indenture (Fifth Third Auto Trust 2004-A)

No Borrowing. The Issuer shall not issue, incur, assume, guarantee or otherwise become liable, directly or indirectly, for any indebtedness Indebtedness except for (i) the NotesNotes and (ii) any other Indebtedness permitted by or arising under the other Transaction Documents.

Appears in 1 contract

Sources: Indenture (Dealer Auto Receivables Corp)

No Borrowing. The Issuer shall will not issue, incur, assume, guarantee or otherwise become liable, directly or indirectly, for any indebtedness except for Indebtedness other than the Notes.

Appears in 1 contract

Sources: Indenture (General Motors Financial Company, Inc.)

No Borrowing. The Issuer shall not issue, incur, assume, guarantee or otherwise become liable, directly or indirectly, for any indebtedness except for the Notes, and any other indebtedness permitted by or arising under the Basic Documents.

Appears in 1 contract

Sources: Indenture (Money Store Commercial Mortgage Inc)

No Borrowing. The Issuer shall not issue, incur, assume, guarantee or otherwise become liable, directly or indirectly, for any indebtedness except for other than indebtedness in respect of the Notes, pursuant to the Intercompany Advance Agreement or otherwise in accordance with the Basic Documents.

Appears in 1 contract

Sources: Servicing Agreement (Navistar Financial Corp)

No Borrowing. The Issuer shall not issue, incur, assume, guarantee or otherwise become liable, directly or indirectly, for any indebtedness except for as contemplated by the NotesTransaction Documents, the Notes and the O/C Certificates.

Appears in 1 contract

Sources: Master Indenture (Compucredit Corp)

No Borrowing. The Issuer shall not issue, incur, assume, guarantee or otherwise become liable, directly or indirectly, for any indebtedness except for the Notes, the Certificates and the Final Payment Certificate.

Appears in 1 contract

Sources: Indenture (Mmca Auto Receivables Inc)

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

Appears in 1 contract

Sources: Indenture (Mbna Credit Card Master Note Trust)

No Borrowing. The Issuer shall not issue, incur, assume, ------------ guarantee or otherwise become liable, directly or indirectly, for any indebtedness except for the Notes, any Hedge Transaction and any other indebtedness permitted by the Basic Documents.

Appears in 1 contract

Sources: Indenture (MCG Capital Corp)

No Borrowing. The Issuer shall not issue, incur, assume, guarantee or otherwise become liable, directly or indirectly, for any indebtedness except for the Notes.. Indenture 28

Appears in 1 contract

Sources: Indenture (Case Receivables Ii Inc)

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

Appears in 1 contract

Sources: Indenture (Fund America Investors Corp Ii)

No Borrowing. The Issuer shall not issue, incur, assume, ------------ guarantee or otherwise become liable, directly or indirectly, for any indebtedness except for the Notes, other series of notes and an amount of general expenses not to exceed $50,000.

Appears in 1 contract

Sources: Indenture (Greenpoint Credit LLC)

No Borrowing. The Issuer shall not issue, incur, assume, ------------ guarantee or otherwise become liable, directly or indirectly, for any indebtedness except for other than as contemplated by this Indenture and the Notesother Basic Documents.

Appears in 1 contract

Sources: Indenture (Deutsche Recreational Asset Funding Corp)

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

Appears in 1 contract

Sources: Indenture (Thornburg Mortgage Asset Corp)

No Borrowing. The Issuer shall not issue, incur, assume, ------------ guarantee or otherwise become liable, directly or indirectly, for any indebtedness except for money borrowed other than indebtedness for money borrowed in respect of the NotesNotes or in accordance with the Basic Documents.

Appears in 1 contract

Sources: Indenture (Navistar Financial Retail Receivables Corporation)

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

Appears in 1 contract

Sources: Indenture (Bank One Auto Securitization Trust 2003-1)

No Borrowing. The Issuer shall not issue, incur, assume, guarantee or otherwise become liable, directly or indirectly, for any indebtedness Indebtedness except for (i) the Notes.Notes and (ii) any other Indebtedness permitted by or arising under the other

Appears in 1 contract

Sources: Indenture (Orix Credit Alliance Receivables Trust 2000-A)

No Borrowing. The Issuer shall not issue, incur, assume, guarantee or otherwise become liable, directly or indirectly, for any indebtedness except for the NotesNotes and any other indebtedness permitted by the Transaction Documents.

Appears in 1 contract

Sources: Indenture (MCG Capital Corp)

No Borrowing. The Except as contemplated by the Indenture or the Basic Documents, the Issuer shall not issue, incur, assume, guarantee or otherwise become liable, directly or indirectly, for any indebtedness except for the Notes. Section 3.19.

Appears in 1 contract

Sources: Indenture (Home Equity Loan-Backed Notes Series 2003-D)

No Borrowing. The Except as otherwise contemplated by Section 3.21, the Issuer shall not issue, incur, assume, guarantee or otherwise become liable, directly or indirectly, for any indebtedness except for the Notes.

Appears in 1 contract

Sources: Indenture (World Omni Auto Receivables LLC)

No Borrowing. The Issuer shall not issue, incur, assume, guarantee or otherwise become liable, directly or indirectly, for any indebtedness except for the Notes.. 29 (2015-C Indenture)

Appears in 1 contract

Sources: Indenture (Hyundai Auto Receivables Trust 2015-C)

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

Appears in 1 contract

Sources: Indenture (Pooled Auto Securities Shelf LLC)

No Borrowing. The Issuer shall not issue, incur, ------------ assume, guarantee or otherwise become liable, directly or indirectly, for any indebtedness except for the Notesindebtedness.

Appears in 1 contract

Sources: Indenture (World Omni Auto Receivables LLC)

No Borrowing. The Issuer shall not issue, incur, assume, guarantee or otherwise become liable, directly or indirectly, for any indebtedness Indebtedness except (i) for the Notes, (ii) pursuant to any Advances made to it by the Servicer and (iii) for any other Indebtedness permitted by or arising under the other Basic Documents.

Appears in 1 contract

Sources: Indenture (Fleetwood Credit Receivables Corp)