Common use of Creation of Indebtedness Clause in Contracts

Creation of Indebtedness. Except as contemplated in connection with the transaction to which this Agreement relates, without the prior written consent of Financial Security, WFSRC shall not create, incur, assume or suffer to exist any indebtedness other than indebtedness guaranteed or approved in writing by Financial Security.

Appears in 4 contracts

Samples: Indemnity and Pledge Agreement (WFS Receivables Corp), Indemnity and Pledge Agreement (WFS Receivables Corp), Insurance, Indemnity and Pledge Agreement (WFS Receivables Corp)

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Creation of Indebtedness. Except as contemplated in connection with the transaction to which this Agreement relates, without the prior written consent of Financial Security, WFSRC WFAL shall not create, incur, assume or suffer to exist any indebtedness other than indebtedness guaranteed or approved in writing by Financial Security.

Appears in 1 contract

Samples: Indemnity and Pledge Agreement (WFS Receivables Corp)

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Creation of Indebtedness. Except as contemplated in connection with the transaction to which this Agreement relates, without the prior written consent of Financial Security, WFSRC WFSRC2 shall not create, incur, assume or suffer to exist any indebtedness other than indebtedness guaranteed or approved in writing by Financial Security.

Appears in 1 contract

Samples: Insurance, Indemnity and Pledge Agreement (WFS Receivables Corp 2)

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