ED: (1) The Alcoa lawyer wants to adopt the terms of the ENA/Alcoa Inc. master for purposes of the December deal. (2) EWEB has requested the following provision: DEFAULT RATE shall mean the lesser of (a) the per annum rate of interest equal to the prime lending rate as may from time to time be published in "the Wall Street Journal" under "Money Rates" on such day (or if not published on such day the most recent preceding day on which published), plus two percent (2%) but not to exceed in total fourteen percent (14%) annually, and (b) the maximum rate permitted by applicable law. Please let me hear from you. Sara
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Alcoa and EWEB