Enron Mail

From: sara.shackleton@enron.com To: susan.flynn@enron.com Subject: Spinnaker Threshold Cc: Bcc: Date: Wed, 17 May 2000 01:24:00 -0700 (PDT) [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.