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BUSINESS LOAN APPLICATION
For Presentation to the;Seriior; Loan Committee on AUGUST 9, 1994

BORROWER:
Kenneth:and?Linda':Lay,
3195 Inwood Group: Division:
Houston, .Texas 77019
  ,... Galleria Corporate

713/630=0007 Officer: ..,_
WGF
ACTION REQUESTED:
Approval'to Increase`$5,000,00D existing. Grade:
revolving' line of credit to $7,800,000, Proposed .2
**This will cancel out:.the $7:5MM revolving line
of credit, _;previously approved, for KILL & LPL
Investments, ltd.

Date Last Presentation
3/24/94

Date Last `F/S: .
10/19/93



C u reent.balance' $:3, 969;392.40

Loan #'62525-002
PURPOSE:
Personal expenses and investments.
RATE:
90 Day Libor + 1 3/4%

MATURITY/REPAYMENT:
1 Year, `interest quarterly


  SENIOR COMMITTEE d
~D 'PORT E) MEMO j
1_1_-APPROVED [i DEFERRED''
/ D DECPK1'-D' D OTHER

AUC 0 9 1994

CRA'





COLLATERAL
228,936 s/s Enron Corporation valued at $31 1/8 per share at close of business 08/03/94 per CAD. Total collateral value
$7,125,633. Collateral is margin stock - maximum available value $3,562,816.5

At a later date, additional collateral will be received to a low borrowerings upto $7.5MM

Margin agreement 70°/K--;, / "'
  `tom +L-
GUARANTOR:
None

SOURCE OF REPAYMENT:

1) Cash flow TOTAL DEBT
2) Income from collateral Committed: $5,274,194.18
3) Sale of collateral Outstanding: $4,243,586.58
  To the 'best of my knowledge all related debt is included in the
C~(y , presentation and the current loan will of cause the relationship to
`' exceed lending limit restrictions.
  ~~ Originating Officer:

Busins,:e L:--n Applicctcn- Kcnn3th and I:nds I.oy

BOAIFRI/LAY: 30343

-BF002-00240


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AUG- :5-94 : FRI q: 15 CHc'"'rFR


FAY NO. 713F28471 P: 0 i

  ~UiSl.N.ESS LOAN APPU'CATJON
For!Presentation ito,the Senior,.L:oan-Committee,on.AUGUSTr9,19S4
Kenneth, zind`Ljndao Lay
3195 lnwoad
Houston, Te)ts 7701E Group: Division:
Tyalleria Goiporitte

779/630-0007	Officer.' ` Date Last Present•jt€un:
	WGF 3/24/94
ACTION REQUESTED;	
Approval tD increase $5;000,000 existing,	Grade: Dato Last F/S;
revclving line of crenit to $7;500;000.,,	proposed"2 '' 10/19193
	
Current balance.,$ 3;989;392.40
-002
' ""Loan #62525	,..
Reporting Requirements:
	
PURPOSE:	
Personal c:•:{ ensues and Investments.
~m	
		CREDIT ADM'INISTRATION'	
RATL ` -'		O PRESENTATON REQUIRED	
+
1 ° /4'
90 Day
Ubo		DAPPROVED OM00~= P AL	
.
.
,
~..		DDEaN 1 R0VEDTOSLC	
_...T -		aad. 2 9	
MATURI`i';Y/REPAYMF.hff.			
Year, interest quarterly	/ ~
2 'lee

.
;
CO
L	

!/+f fo
p~ro7.SI%
LLATERA	
228,936 s/s Enron Corporation valued at'$3i 1/8 per share.at close of business 08/03194 per CAD. Total collate!'al v;z?ue
$7,125,633, Collateral Is margin stock - maximum available value $8,562,816.5 F ; l7
/27LS Ii .
At a ,later date, additional collateral will be received to allow borrowerings upto $7.5MM
Margin agreement 70%	
	L
GUARANTOR:	
None	


  SOURCE OF REPAYMENT:
  1) Cash flow TOTAL DEBT
  2) Income from collateral Committed: $5,274,194.18
3) Sale of collateral Outstanding: $4,243,588,55
  - ------To-the best ofmy knowledge all related debt is-included-in the-.
presentation and the current loan will not cause the relationship to
exceed lending limit restrictions.
  Originating Officer:

Buuinaoa Loan Application - Kunnuth and Linda Lay
3/23/84

130AIF131/LAY: 30344

LBF002-00241