Enron Mail

From:clement.abrams@enron.com
To:tana.jones@enron.com
Subject:Guaranty to Deutsche Bank
Cc:sara.shackleton@enron.com
Bcc:sara.shackleton@enron.com
Date:Thu, 19 Oct 2000 09:45:00 -0700 (PDT)

Tana,

After having talked to Steven Kessler at Deutsche Bank, the revised language
for Section 2, Demands and Notice, is as follows:

DEMANDS AND NOTICE. Upon the occurrence and during the continuation of an
Event of Default or Termination Event, if Enron fails or refuses to pay any
Obligations and Counterparty has elected to exercise its rights under this
Guaranty, Counterparty shall make a demand upon Guarantor (hereinafter
referred to as a "Payment Demand"). A Payment Demand shall be in writing
with a specific statement that Counterparty is calling upon Guarantor to pay
under this Guaranty. Payment shall be made promptly, but in no event more
than two (2) business days after receipt of the Payment Demand by Guarantor.
A single written Payment Demand shall be effective as to any specific default
during the continuance of such default, until Enron or Guarantor has cured
such default, and additional written demands concerning such default shall
not be required until such default is cured.