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Enron Mail |
Goldman Sachs -----Original Message----- From: "Bunkin, Steven" <steven.bunkin@gs.com<@ENRON Sent: Monday, November 05, 2001 5:07 PM To: St. Clair, Carol; Heard, Marie Cc: Brogan, Michael E Subject: FW: Enron Email Dear Carol and Marie: Following our conversation with Marie and voice mail to Carol, we are attaching a version of the Master Netting Agreement that has been revised to reflect our comments and marked to show changes. As we indicated, we are interested in pursuing implementing the agreement. However, we are concerned that the cross-affiliate netting provision may not be enforceable. This concern has resulted in two important changes that are reflected in the attached markup: (i) we have changed the severability clause to provide that the agreement would survive even if Section 3 is not enforceable and (ii) we have removed the collateral provisions that are predicated on the operation of cross-affiliate netting. Please contact me at the number below, or my colleague Mike Brogan (212 357 3204), with any questions or comments. Best regards, Steve Bunkin < <<ENRON Master Netting Security Agreement.doc<< < ___________________________________________________ Steven M. Bunkin Vice President & Associate General Counsel Goldman, Sachs & Co. One New York Plaza, 37th Floor New York, New York 10004 phone: 212-902-0952 fax: 212-428-3675 ____________________________________________________ - ENRON Master Netting Security Agreement.doc
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