Message-ID: <32328519.1075842093645.JavaMail.evans@thyme>
Date: Wed, 24 May 2000 01:43:00 -0700 (PDT)
From: carol.clair@enron.com
To: tanya.rohauer@enron.com
Subject: Re: El Paso
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Tanya:
Here is a summary of what has been agreed to with El Paso:

Cross Default Threshold - $100,000,000 for each of us.  They want this just 
to apply at the Credit Support provider level
Guaranty Cap - $55,000,000 for each of us
Collateral Threshold - $50,000,000; Rounding at $250,000.  No minimum 
transfer amount
Setoff may possibly still be open re affiliates but I think that they will 
come around on this

Carol