Common use of Debt Obligation Clause in Contracts

Debt Obligation. So long as any portion of the Note is outstanding, the Borrower shall cause its books and records to reflect the Note as a debt of the Borrower as required by generally accepted accounting principles.

Appears in 3 contracts

Sources: Note Purchase Agreement (Onstream Media CORP), Note Purchase Agreement (Onstream Media CORP), Note Purchase Agreement (Onstream Media CORP)