Re: Credit Agreement

Joel: thanks - everything was sent out as draft as we don't have all
internal comments (and we don't even know ABN's position!). Sara

Joel Ephross@ENRON
07/07/2000 08:22 PM

To: Jason Peters/Corp/Enron@Enron
cc: Sara Shackleton/HOU/ECT@ECT
Subject: Re: Credit Agreement

A few thoughts:
1. Section 2.1 (y) the .30% should specify per annum
2. Section 2.1 contemplates that interest is payable monthly--this seems to
conflict with the provisions of Section 3.1 which makes it payable on demand.
Am I missing something?
3. Section 3.5 should we specify a time of day?

I have reviewed this via remote access, and am not able to print. I think
more thought should go into the mechanics and timing of what is going on
here. I will be available next week. Can we have another meeting?

From: Jason Peters on 07/07/2000 02:56 PM
To: Joel Ephross/Corp/Enron@ENRON
cc:

Subject: Credit Agreement

Joel,

Attached for your review, please find a blacklined copy of the Credit
Agreement marked to show changes to the original draft. Please call me or
Sara with any comments. Thanks.