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Enron Mail |
Mark/Karen,
I received your voice mail regarding my comment about substituting the LOC. The reason for this suggestion is to provide flexibility in our financing structures, depending on which entities own equity in the LLC at the time of the posting of the security. Perhaps language such as "an appropriate payment security" or other similar language can be utilized. Please be assured that I have an understanding of the differences between an LOC and a corporate guaranty. The draft responses have been forwarded to the Enron tax department, due to the discussions concerning certain tax issues. I believe it is appropriate to get their approval of the language prior to these answers being released. Also, I don't believe I fully appreciate the context of these questions and answers, and how and to whom these answers will be given. A brief explanation would be most appreciated. Thank you, Kay
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