Phillips deal

Christine and I seem to have gotten Phillips interested in a right to
terminate if TW's minimum tariff rate ever exceeds the contract rate. They
said they would mull it over, at least.

But what they really would prefer to have is a provision in which they would
get the contract rate no matter what. Since this would make it a negotiated
rate deal from day 1, I feel like I need to get your buy-in before we agree
to it. Steve has already told me it is OK with him. Please advise.