Elizabeth and Mark,  thanks for your help in getting our bandwidth master sorted.  We've used the ISDA materials to relook at the formulation of the termination payment.  Could you possibly find it in your hearts to take a quick look at Section 5.4 regarding the calculation of the termination payment and the definition of Losses?  Again, I have tried to closely track the ISDA model.  Any thoughts would be gratefully received.

 -----Original Message-----
From: 	Wilson, Pauline  
Sent:	26 July 2001 18:13
To:	'Tony Bannister'
Cc:	Browning, Mary Nell; Humphries, Emily
Subject:	Neosnetworks Master Agreement

Tony, 

Please find attached clean and blacklined versions of the Neosnetworks Master Agreement:

 		 
(clean)				(blacklined)

If you have any queries regarding this please do not hesitate to contact me (+44 20 7783 4362).

Kind regards, 
Pauline