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Enron Mail |
Ken-Here is a first cut at a spread sheet for the distributions necessary to
return at lease $100,000 to everyone so no partner will have to put up any new money. Have you heard from Texaco or BFI? Also, Marathon committed to the roll over, but not the referendum. You may need to make a call to Marathon to see if you can convince them on the referendum. Conoco also only committed to their proportionate part, probably about $50,000, for the referendum and Don Sanders said he would commit $50,000 toward the referendum. We, therefore could have only $1 million from the partners on the referendum if Marathon, Texaco and BFI don't contribute. We do have $100,000, however, from Reliant. Moreover, without Sanders, BFI and possibly Texaco, we may have only around $30 million to rollover into the loan. As soon as we can the final answers from all of the partners we will be able to finalize the term sheet with the Sports Authority and get the advance payment on the loan. I still haven't heard from Goldberg on the term sheet with the Rockets. John S. Watson Vinson & Elkins LLP 1001 Fannin 2300 First City Tower Houston, TX 77002-6760 Voice: 713/758-2556 Fax: 713/615-5236 Email: jwatson@velaw.com PRIVILEGED AND CONFIDENTIAL: Contains attorney-client communications and/or attorney work product < -----Original Message----- < From: Telle, Michael S. < Sent: Wednesday, September 06, 2000 11:28 PM < To: Watson, John < Subject: SFLP Spreadsheet < Importance: High < < John-- < < Take a look at the attached spreadsheet which indicates that we would need < a distribution of $3,350,100 to have enough for the smaller partners to < contribute $100,000 to the referendum. It also shows that we would have < $32,301,000 left in the partnership to loan to the HCHSA. < < I don't have a printer at home, so I have not been able to print this out < to check format, appearance, etc.; however, I may be out of pocket in the < morning and wanted you to be able to look at this. < < Mike < < <<SFLP.xls<< - SFLP.xls
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