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Enron Mail |
Craig,
Brent has reviewed the Assignment and suggests that we use the ENA form of Assignment. Reason being -- the last B of A deal (when using their document), which involved a similar scenario was abit confusing. Brent said our form will be with PCS as assignor rather than ENA. However, before we can finalize -- Credit must approve. Jay, Please advise if assignment of PCS deals are OK with Credit. Susan -----Original Message----- From: Breslau, Craig Sent: Monday, November 26, 2001 2:27 PM To: Bailey, Susan; Williams, Jason R (Credit); Taylor, Mark E (Legal) Subject: FW: assignment PCS Nitrogen would like to assign their positions with Enron over to Bank of America. The structure of the deal would be for B of A to step in between Enron and PCS. Currently, PCS is out of the money to Enron. This trade would lower B of A's exposure to Enron. I would like to give an answer to PCS today. Could you please review and let me know how we proceed o n this assignment. Thanks, Craig -----Original Message----- From: ASHill@potashcorp.com [mailto:ASHill@potashcorp.com] Sent: Tuesday, November 20, 2001 4:06 PM To: Breslau, Craig Subject: assignment Craig, Attached is a sample assignment agreement sent to us by Bank of America. It was one they had used with another deal, and has not been customized for our particular situation. As I understand Bank of America's verbal intent is to have Bank of America step in between the obligations of our two companies. (See attached file: Assignment-sample doc.doc) Glad to discuss...Audrea Audrea S. Hill Director, Natural Gas Risk Management 847-849-4222 phone 847-849-4694 fax ashill@worldnet.att.net (See attached file: Assignment-sample doc.doc)
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