Jay:  We sent this master for execution on May 1, 2001 and the counterparty just  responded to John with some comments.
Only one comment is credit related:   LPC does not want to pay default interest as per the ISDA agreement.
LPC  does not want interest compounded daily.
What is your position?
I have made all other changes or given LPC an explanation.

Louisiana-Pacific Corporation ("LPC")
Jay: We sent this master for execution on May <NUMBER>, <NUMBER> and the counterparty just responded to John with some comments.
Only one comment is credit related: LPC does not want to pay default interest as per the ISDA agreement.
LPC does not want interest compounded daily.
What is your position?
I have made all other changes or given LPC an explanation.
isda agreement lpc john master execution counterparty just does want compounded comments comment credit jay sent daily position changes pay default