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Common use of GLC Clause in Contracts

GLC. The Borrower shall not permit GLC to engage in any business or activity (including, without limitation, the incurrence of any Indebtedness or the encumbrance of any of its assets) other than the operation of building material supply centers (and activities reasonably related thereto) and those activities contemplated by the Consignment Agreement.

Appears in 1 contract

Samples: Credit Agreement (Wickes Lumber Co /De/)

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GLC. The Borrower shall not permit GLC to engage in any business or --- activity (including, without limitation, the incurrence of any Indebtedness or the encumbrance of any of its assetstrade liabilities) other than the ownership and operation of building material supply centers (and activities reasonably related thereto) and those activities contemplated by the Consignment Agreement.). Notwithstanding Section

Appears in 1 contract

Samples: Credit Agreement (Wickes Inc)

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GLC. The Borrower shall not permit GLC to engage in any business or activity (including, without limitation, the incurrence of any Indebtedness or the encumbrance of any of its assets) other than the operation of building material supply centers (and activities reasonably related thereto) and those activities contemplated by the Consignment Agreement.the

Appears in 1 contract

Samples: Credit Agreement (Riverside Group Inc/Fl)