Enron Mail

From:carol.clair@enron.com
To:
Subject:Kaiser
Cc:sara.shackleton@enron.com
Bcc:sara.shackleton@enron.com
Date:Fri, 25 May 2001 02:01:00 -0700 (PDT)

Rod and Paul:
I have checked the ISDA between Kaiser and ENA and it has our standard setoff
language which permits setoff of amounts owed by or to the Non-Defaulting
Party and its Affiliates against amounts owed by or to the Defaulting Party
under the ISDA and other agreements. Please call me once you have located
the Metals agreement as Greg indicated to me in a voice mail that he needs an
answer this morning.

Rod,
If we get comfortable on the legal side with this arrangement, are there
other credit issues that need to be considered?

Carol St. Clair
EB 3889
713-853-3989 (Phone)
713-646-3393 (Fax)
carol.st.clair@enron.com