Steve:
I spoke with Rod Nelson, our credit person, about the cross default language
and we have the following proposal to make. We are okay with the language as
it applies to declaring a an Event of Default and then declaring an early
Termination Date. For purposes of triggering a reduction of the collateral
threshold to zero, we would propose that this language would not apply such
that an event of Default would be triggered upon the occurrence of the cross
default. Let me know what you think.
Carol