Common use of Distributions and Investments Clause in Contracts

Distributions and Investments. No GWG Party will make any loans or advances to or other investments in any other Person, or declare or pay any dividends or other distributions to its members, except that the Borrowers may make distributions to their respective members, and each Seller and the Performance Guarantor may make loans or advances to other investments in any other Person and distributions to its members, in each case, if both before and after such transaction, no Event of Default, Potential Event of Default or Termination Event is continuing or would result therefrom.

Appears in 3 contracts

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

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Distributions and Investments. No GWG Party will make any loans or advances to or other investments in any other Person, or declare or pay any dividends or other distributions to its members, except that the Borrowers Borrower may make distributions to their respective members, and each the Seller and the Performance Guarantor may make loans or advances to other investments in any other Person and distributions to its members, in each case, if both before and after such transaction, no Event of Default, Potential Event of Default Default, Termination Event or Termination Liquidity Trigger Event is continuing or would result therefrom.

Appears in 2 contracts

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

Distributions and Investments. No GWG Party will make any loans or advances to or other investments in any other Person, or declare or pay any dividends or other distributions to its members, except that the Borrowers Borrower may make distributions to their respective members, and each the Seller and the Performance Guarantor may make loans or advances to other investments in any other Person and distributions to its members, in each case, if both before and after such transaction, no Event of Default, Potential Event of Default Default, Termination Event or Termination Liquidity Trigger Event is continuing or would result therefrom.. (k)

Appears in 1 contract

Samples: Credit and Security Agreement

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Distributions and Investments. No GWG Party will make any loans or advances to or other investments in any other Person, or declare or pay any dividends or other distributions to its members, except that the Borrowers may make distributions to their respective members, and each subject to Section 5.01(k), the Seller and the Performance Guarantor may make loans or advances to other investments in any other Person and distributions to its members, in each case, if both before and after such transaction, no Event of Default, Potential Event of Default Default, Termination Event or Termination Liquidity Trigger Event is continuing or would result therefrom.

Appears in 1 contract

Samples: Credit and Security Agreement (GWG Life, LLC)

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