Debt Obligation. Since the buyer is currently under obligations to The Metropolitan Life Insurance Company with regard to loan covenants, and operating ratios, should this agreement in any way create a situation of default with buyers existing debt then this agreement is null and void.
Appears in 2 contracts
Sources: Contract for Purchase and Sale of Equipment and Services (Surebeam Corp), Contract for Purchase and Sale of Equipment and Services (Surebeam Corp)