I think that twitter thread is a little overblown. Granted, the Trump Organization may not have had much leverage when the loans were negotiated (or it may have had a ton if the facilities were entered into when Trump was president), but my understanding is that these documents are generally pretty borrower favorable. No one wants to enter into a loan which can be called at the drop of a hat.
I'm not sure what loan covenant this would even trip - I've never seen an agreement where an entity represents it hasn't been criminally charged. Perhaps compliance with laws? Doesn't that typically have an MAE qualifier? Plus, the lenders may not call the loan even if they could, because Trump can't pay them. Better to keep collecting the monthly payments that jeopardize the whole thing, I would think. I'm only vaguely familiar with credit facilities/loans, so someone please tell me if I'm way off base.