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Enron Mail |
Bob -
Consistent with your request, I have made some general revisions to the form BETA. These revisions revolve around the concept approved by Andy whereby Enron is willing to allow the Broker to be absolved of responsibility for a "busted" deal at such time as the Broker has provided Enron with the verification of the Execution required under the agreement and Enron has yet to obtain an actual confirmation (either in writing or by performance) from the Participant/Counterparty. I have modeled the provisions after the suggestions originally made by Amerex and moved a few of the provisions around in order to accommodate the changes. If these changes are acceptable, I will then embark on preparing amendment documents for the five current customers. Since each of the BETA's for these customers vary a bit from the base form, the amendment documents will have to be customized to address each agreement independently. Please take a look at the attached and let me know your thoughts. Mark Senior Counsel, ENA Phone: 713-345-8897 Facsimile: 713-646-3940 E-Mail: Mark.Greenberg@enron.com
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