Ann: CLH Company Update Presentation June 2020, page-15

I read into this that they are referring to the covenants/conditions/restraints attached to their existing funding. Selling off large portions of uncollected PDPs at obviously reduced prices may have unintentionally been breaching their funding conditions. It does look as though PNC might pull through their tussle with their funding so there might be some light at the end of the tunnel for CLH albeit at higher lending rates than they have been used to.