Message-ID: <7377798.1075844551363.JavaMail.evans@thyme> Date: Wed, 17 May 2000 01:24:00 -0700 (PDT) From: sara.shackleton@enron.com To: susan.flynn@enron.com Subject: Spinnaker Threshold Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit X-From: Sara Shackleton X-To: Susan Flynn X-cc: X-bcc: X-Folder: \Sara_Shackleton_Dec2000_June2001_1\Notes Folders\Sent X-Origin: SHACKLETON-S X-FileName: sshackle.nsf [You'll need to amend the credit worksheet to reflect changes] "Threshold" means with respect to Party A, unlimited; provided however, that the Threshold for Party A shall be U.S. $5,000,000 upon the occurrence and during the continuance of a Material Adverse Change, and the Threshold for Party A shall be zero upon the occurrence and during the continuance of an Event of Default or a Potential Event of Default with respect to Party A. "Threshold" means with respect to Party B, unlimited; provided however, that the Threshold for Party B shall be U.S. $3,000,000 upon the occurrence and during the continuance of a Material Adverse Change; and the Threshold for Party B shall be zero upon the occurrence and during the continuance of an Event of Default or a Potential Event of Default with respect to Party B or upon execution of any Transaction pursuant to this Agreement having a term greater than or equal to one (1) year.