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From:sara.shackleton@enron.com
To:mark.taylor@enron.com
Subject:Omnibus - Section 4 (Remedies) with respect to aggregation of
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Date:Mon, 31 Jan 2000 05:58:00 -0800 (PST)

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In discussing the Omnibus with outside counsel on a deal, I am not clear that
the definition of "Loss" picks up the concept of "Unpaid Amounts." Arguably
it does (although the concept of "Unpaid Amounts" is built into the ECT
Master upon which the Omnibus was based for Early Termination for Events of
Default but not followed through entirely for Accelerated Termination Date).
My guess is that we decided that Omnibus "Loss" pv of economic loss includes
both past amounts owed/subsequent valuation. Can you recall?