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 Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit X-From: Carol St Clair X-To: Tanya Rohauer X-cc: X-bcc: X-Folder: \Carol_StClair_Dec2000_1\Notes Folders\All documents X-Origin: STCLAIR-C X-FileName: cstclai.nsf 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