Common use of Beneficient Transactions Clause in Contracts

Beneficient Transactions. Make or agree to make, nor shall Parent, GWG or GWG Life, make or permit their respective Affiliates to make or agree to make, any distribution or payment relating to, in satisfaction of, or in purported satisfaction of, any demand relating to any Beneficient Transaction (including any demand made prior to a filing of any action, suit, proceeding, claim or dispute).

Appears in 5 contracts

Samples: Credit Agreement (Beneficient Co Group, L.P.), Second Lien Credit Agreement (Beneficient Co Group, L.P.), Credit Agreement (GWG Holdings, Inc.)

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Beneficient Transactions. Make or agree to make, nor shall ParentGWG, GWG Life or GWG Life, make or permit their respective Affiliates to make or agree to make, any distribution or payment relating to, in satisfaction of, or in purported satisfaction of, any demand relating to any Beneficient Transaction (including any demand made prior to a filing of any action, suit, proceeding, claim or dispute).

Appears in 2 contracts

Samples: Credit Agreement (GWG Holdings, Inc.), Security and Pledge Agreement (GWG Holdings, Inc.)

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