|
|
Enron Mail |
Carolyn M. Campbell
King?& Spalding 713-276-7307 (phone) 713-751-3280 (fax) ccampbell@kslaw.com <mailto:ccampbell@kslaw.com< -----Original Message----- From: PARKER, Isabel [mailto:isabel.parker@freshfields.com] Sent: Tuesday, May 01, 2001 3:03 PM To: 'Kay.Mann@enron.com'; gregorylang@paulhastings.com Cc: ccampbell@kslaw.com; kent.shoemaker@ae.ge.com; VAN DUSEN, Nicholas Subject: RE: GE guaranty, opinion of counsel and letter of credit This e-mail is confidential and may well also be legally privileged. If you have received it in error, you are on notice of its status. Please notify us immediately by reply e-mail and then delete this message from your system. Please do not copy it or use it for any purposes, or disclose its contents to any other person: to do so could be a breach of confidence. Thank you for your co-operation. Please contact our IT Helpdesk on +44 (0) 20 7936 4000 Ext.2000 or email ITHelp@freshfields.com if you need assistance. Our credit documentation provides that Pegasus shall not cause any monies to be released from the Turbine Escrow Account until all relevant documentation has been executed and delivered, namely: (i) GE consent (ii) GE opinion (iii) Turbine Contract (iv) Security Agreement (v) Promissory Note (vi) Amended Salmon LLC Agreement (vii) GE Parent Guarantee. The lenders consequently expect to see an executed (faxed if necessary) copy of all of the above (including the GE Parent Guarantee) prior to release of funds from the Escrow Account. Thank you Isabel -----Original Message----- From: Kay.Mann@enron.com [mailto:Kay.Mann@enron.com] Sent: Tuesday, May 01, 2001 3:55 PM To: gregorylang@paulhastings.com; isabel.parker@freshfields.com Cc: ccampbell@kslaw.com; kent.shoemaker@ae.ge.com Subject: GE guaranty, opinion of counsel and letter of credit In conversations with GE, it is their understanding that their guaranty will not be transmitted until there is a fed ref number tomorrow. The opinion letter will be faxed as soon as the GC is available, or Kent can sign for Dan Rowley if that is acceptable. DRowley can sign originals on Thursday. The LOC is in the works, and GE understands that 10% will be retained in escrow until the LOC is delivered. There will be three original opinions. There is one original guaranty, and I'm not certain of GE's willingness to give more than that. Obviously, there will be only one LOC. Kay Confidentiality Notice This message is being sent by or on behalf of a lawyer. It is intended exclusively for the individual or entity to which it is addressed. This communication may contain information that is proprietary, privileged or confidential or otherwise legally exempt from disclosure. If you are not the named addressee, you are not authorized to read, print, retain, copy or disseminate this message or any part of it. If you have received this message in error, please notify the sender immediately by e-mail and delete all copies of the message.
|