|
|
Enron Mail |
Attached are my comments to the the above guaranty. Call me if you have
questions. Clement Russell Diamond@ECT 12/13/2000 01:51 PM To: Clement Abrams/Corp/Enron@ENRON cc: Tom Moran/HOU/ECT@ECT, Dan J Hyvl/HOU/ECT@ECT Subject: Coastal Merchant Energy--Outgoing Gty Clement, As a follow up to Veronica's e-mal to you a few days ago regarding the review of this guaranty, can you please let me know the status of your review. Please make note, the redline version attached below (enronredline112900.doc) was originally drafted by Dan and yourself as an attachment to an Enfolio Master agreement. We are anxious to exchange guaranty's to cover exposure in this volatile price market. Thank you, Russell ---------------------- Forwarded by Russell Diamond/HOU/ECT on 12/13/2000 01:46 PM --------------------------- From: Veronica Espinoza @ ENRON 12/13/2000 01:43 PM To: Russell Diamond/HOU/ECT@ECT cc: Subject: Coastal Merchant Energy--Outgoing Gty ---------------------- Forwarded by Veronica Espinoza/Corp/Enron on 12/13/2000 01:43 PM --------------------------- From: Veronica Espinoza 12/07/2000 04:17 PM To: Clement Abrams/Corp/Enron@ENRON cc: Subject: Coastal Merchant Energy--Outgoing Gty Clement, Attached below are Coastal's (formerly Engage Energy US) comments to our outgoing gty format. The ISDA was recently amended due to Guarantor changes on their end, so now gty's are also being negotiated. Please review their comments and forward either me or Russell your comments to forward on to Coastal. Thanks again Clement, Veronica ---------------------- Forwarded by Veronica Espinoza/Corp/Enron on 12/07/2000 03:56 PM --------------------------- Kiran.Parthasarathy@CMenergy.com on 12/07/2000 03:48:57 PM To: veronica.espinoza@enron.com cc: Subject: FW: Enron - Revised redline Veronica, ? As discussed, I am forwarding my recent email to Russell Diamond on the proposed Enron Guaranty for our physical business.? The draft of the proposed Guaranty from Coastal Corporation was approved, but Russell wanted me to send a copy of that as well.? So, both the documents are attached. ? Please?let me know the status earliest convenient. ? Thanks! Kiran Parthasarathy Coastal Merchant Energy, L.P. 5 Greenway Plaza Suite 1200 Houston, TX 77046 713-877-7944 (Voice) 713-297-1605 (Facsimile) ? -----Original Message----- From: Parthasarathy, Kiran Sent: Friday, December 01, 2000 11:40 AM To: 'russell.diamond@enron.com' Subject: Enron - Revised redline Importance: High ?Russell, ? Please find attached a revised redline Guaranty which incorporates changes to Enron's standard format.? In addition, we request??the following important changes: ? (1)???The proposed Guaranty?shouldcover all Obligations and not be Contract specific.? Therefore the language in the second paragraph beginning with the word 'WHEREAS' needs to be suitably amended by your Attorney to reflect that all Obligations??of the Obligors?are covered and?the Guaranty??obligations?are not tied to specific contracts. ? (2)? Under Section 2, titled 'MAXIMUM LIMIT',?the Maximum Limit?should notbe capped for each entity at a specific amount.Conversely, the limit on the?Guaranty?shouldbe a 'Unified Maximum'.??Please request your attorney to make suitable language changes for this change as well. ? Please send me a revised redline earliest convenient for our review. ? As requested by you, I am resending the draft for the proposed Coastal Corporation Guaranty that Dai Nguyen had?originally sent and on which you had indicated acceptance(It is the second attachment from the left).? ? ?Thanks?? ?Kiran Parthasarathy Coastal Merchant Energy, L.P. 5 Greenway Plaza Suite 1200 Houston, TX 77046 713-877-7944 (Voice) 713-297-1605 (Facsimile) ? - enronredline112900.doc - ENRON.WPD
|