bec - loan covenants breached?

Hey guys...surely the bankers are talking about the state of the retail fund.

Just had a look at the funds presentation in December and the latest LVR's are as follows:

Cov LVR Actual LVR
CBA $86m 65% 64.7%
WBC $46m 65% 63.5%

The banks have to make their position clear in these instances so as to give the market some certainty and whilst I appreciate there is no reversion back to BEC the company here, the publicity won't be good if the bankers play tough ball.

Has CBA set a precedent with Storm Financial and note they are owed $86m above?