Senator Charles E. Schumer, also a Democrat from New York, said Mr. Daniels's comments came close to being a "breach" of the commitment the president made.
This means that the private equity firms will again argue that there is a breach of the debt commitment letter and that the banks should be ordered to specifically perform and fund the debt.
The Bush administration declared that Iraq was in "material breach" of its commitment to reveal all of its weapons of mass destruction, saying Baghdad's 12,000-page report was empty of answers about what happened to its chemical, biological and nuclear programs.
It is a souped-up version of turning off office emails, itself something all sensible employers should insist on, as some do in Germany, but which most employees fear would be seen as a possibly lethal breach of commitment.
The interesting point here is that the banks have no doubt learned from the Clear Channel dispute not to make any extremely aggressive demands or statements that could be seen as a clear anticipatory breach of the debt commitment letter.
At the time, it was reported that the reason Blackstone walked on the deal was because the banks were refusing to fund, in breach of their debt commitment letters.
By signing the deal, said Mr. Axworthy, a board member of the group, Colombia may be in breach of its commitments to the court.
"As part of this investigation we will seek to find out which individual passed this information into the public domain, in breach of their commitments to us and their fellow markers".
