Sale of Collateral; Liens. Except as permitted in the Credit Agreement and except for Permitted Liens, the Pledgor shall not (i) sell, assign, transfer, exchange or otherwise dispose of, or grant any option with respect to, the Collateral or (ii) create, incur or permit to exist any Lien or option in favor of, or any claim of any Person with respect to, any of the Collateral, or any interest therein.
Appears in 2 contracts
Samples: Credit Agreement (GWG Holdings, Inc.), Subordination Agreement (GWG Holdings, Inc.)
Sale of Collateral; Liens. Except as may be permitted in the Credit Agreement and nd except for Permitted Equity Owner Liens, the Pledgor shall not (i) sell, assign, transfer, exchange or otherwise dispose of, or grant any option with respect to, the Collateral or (ii) create, incur or permit to exist any Lien or option in favor of, or any claim of any Person with respect to, any of the Collateral, or any interest therein.
Appears in 2 contracts
Samples: Subordination Agreement (GWG Holdings, Inc.), Credit Agreement (GWG Holdings, Inc.)
Sale of Collateral; Liens. Except as permitted in the Credit Agreement and except for Permitted Liens, the The Pledgor shall not (i) sell, assign, transfer, exchange or otherwise dispose of, or grant any option with respect to, the Collateral unless, after giving effect thereto and application of the proceeds thereof, no Default shall have occurred and be continuing or (ii) create, incur or permit to exist any Lien or option in favor of, or any claim of any Person with respect to, any of the Collateral, or any interest therein, except for Permitted Liens.
Appears in 1 contract
Samples: Security and Pledge Agreement (Beneficient Co Group, L.P.)
