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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Knighty Tin who wrote (91468)	7/15/2001 7:30:45 PM
From: Freedom Fighter	Read Replies (1) \| Respond to of 132070

Question for anyone. If a company violates its loan covenants (revenue targets for example) with a bank how would the typical bank and corporation resolve the situation? What if the company has significant financial strength over and above bank those bank borrowings and credit lines, but they are part of the long term plan? What if removing the bank loans and credit lines would be the straw that threatens the corporation in the coming couple of years? What would the bank most likely do then? Wayne