Please look at the MAC and let me know if you have any changes.

 
"Material Adverse Change" means (i) with respect to Company, Enron Corp. shall have long-term debt unsupported by third party credit enhancement that is rated by Standard & Poor's Corporation below BBB- or (ii) with respect to Customer shall have any of the following occurring at any time (a) its Net Worth falls below $15,000,000 or (b) that ratio of its EBITDA to Interest Expense is less than 3 times Interest, or (c) its current ratio is less than 1.3. 

 Thanks

Debra Perlingiere
Enron North America Legal
1400 Smith Street, EB 3885
Houston, Texas 77002
dperlin@enron
713-853-7658
713-646-3490 Fax