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 110 contracts

Sources: Indenture (World Omni Auto Receivables Trust 2025-D), Indenture (World Omni Auto Receivables Trust 2025-D), Indenture (World Omni Select Auto Trust 2025-A)

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 55 contracts

Sources: Indenture (CNH Equipment Trust 2025-B), Indenture (CNH Equipment Trust 2025-B), Indenture (CNH Equipment Trust 2024-C)

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

Sources: 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

Sources: Indenture (GSC Capital Corp. Mortgage Trust 2006-1), Supplemental Indenture (Bear Stearns ARM Trust 2007-2), Indenture (Bear Stearns ARM Trust 2006-1)

No Borrowing. The Issuing Entity shall will not issue, incur, assume, guarantee or otherwise become liable, directly or indirectly, for any additional indebtedness, except pursuant to a subordinated note or as otherwise provided in the Issuing Entity’s charter documents.

Appears in 7 contracts

Sources: Indenture (Jpmorgan Chase Bank, National Association), Indenture (Chase Card Funding LLC), Indenture (Chase Issuance Trust)

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

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

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

Appears in 2 contracts

Sources: Indenture (Imh Assets Corp), Indenture (Imh Assets Corp)

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

Sources: Indenture (Bear Stearns Asset Backed Securities I LLC), Indenture (Bear Stearns Asset Backed Securities I LLC)