Originally Posted by hummingbear

The company has a lot of latitude to waive what we might consider to be the negatives in this LOA. That’s good because otherwise they’d be bound to things like reduced credit lines unless specific triggers were hit. It’s the difference between saying “you will reduce our credit until…” and “you may reduce our credit until…” Right now the company is opting not to exercise certain provisions of the LOA (which is good) even though the circumstances dictate that they still can (not as good). They won’t terminate the LOA because they know good & well all this delta variant chaos could throw another wrench in the operation & they don’t want to be in the position of needing to renegotiate the entire thing. It’s there if they need it, but for now, they’re opting not to use it.