Message-ID: <24363357.1075858538501.JavaMail.evans@thyme> Date: Tue, 7 Aug 2001 12:02:36 -0700 (PDT) From: debra.perlingiere@enron.com To: rudwell.johnson@enron.com Subject: Revere Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit X-From: Perlingiere, Debra X-To: Johnson, Rudwell X-cc: X-bcc: X-Folder: \Perlingiere, Debra (Non-Privileged)\Perlingiere, Debra\Sent Items X-Origin: Perlingiere-D X-FileName: Perlingiere, Debra (Non-Privileged).pst Please look at the MAC and let me know if you have any changes. "Material Adverse Change" means (i) with respect to Company, Enron Corp. shall have long-term debt unsupported by third party credit enhancement that is rated by Standard & Poor's Corporation below BBB- or (ii) with respect to Customer shall have any of the following occurring at any time (a) its Net Worth falls below $15,000,000 or (b) that ratio of its EBITDA to Interest Expense is less than 3 times Interest, or (c) its current ratio is less than 1.3. Thanks Debra Perlingiere Enron North America Legal 1400 Smith Street, EB 3885 Houston, Texas 77002 dperlin@enron 713-853-7658 713-646-3490 Fax