regardles of whether management tell aspen to go away or if they pursue the sale, the expense of $270M will still have to be charged.
If this results in a breach of the loan covenants, and management have told aspen to go away, the banks might demand repayment now, and in the absence of that being possible,seize the opportunity to force asset sales, or even trigger receivership.
appears to be strong support- emerging, page-10
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