The loan covenants that were "breached" were performance stuff,...

The loan covenants that were "breached" were performance stuff, such as monthly revenue and EBITA (I'm not sure exactly which ones were not met). So yeah, I guess you could say Buddy breached the contract by not keeping the monthly revenue above a certain threshold, but we all know 2021 was a struggle for many reason. 2022 was looking better, costs were down, many things had fallen into place. But PFG exercised their right to foreclose thinking they could make a quicker return.