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Enron Mail |
---------------------- Forwarded by Doug Leach/HOU/ECT on 07/10/2000 09:27 AM
--------------------------- From: Doug Leach 07/07/2000 01:53 PM To: Dan J Hyvl/HOU/ECT@ECT, Tom Moran/HOU/ECT@ECT cc: Subject: Glencore Fuel Supply Agreement please call me on Monday morning to discuss ---------------------- Forwarded by Doug Leach/HOU/ECT on 07/07/2000 01:53 PM --------------------------- Diana Parker@ENRON_DEVELOPMENT 07/07/2000 01:50 PM To: Ermes Melinchon/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Andrea Gonzalez/NA/Enron@ENRON, Joseph M Galan/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT cc: Doug Leach@ECT Subject: Glencore Fuel Supply Agreement Doug Leach advised that he spoke with Sergio at Glencore yesterday, and Glencore is satisfied with the June 5 draft (copy attached) of the FSA, with the exception of 2 matters: 1. He wants the LIBOR rate on late payments in Section 9.3 to be fixed on a specific day (e.g., the due date for the payment) 2. He wants the ENE payment guarantee referenced in Section 9.5 to be increased to $7MM due to increased fuel prices. Doug is running these two points by Tom Moran on Monday, but doesn't believe they will be a problem (with respect to ENE furnishing the guarantee). I intend to courier execution copies of the FSA to Glencore on Monday, after we get the confirmation from Tom Moran, unless any of you notify me of a problem with these changes. Regards, Diana
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