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Enron Mail |
Ok, I give up. What's an estoppel letter?
---------------------- Forwarded by Kay Mann/Corp/Enron on 04/24/2001 11:14 AM --------------------------- Fred Mitro@ECT 04/24/2001 11:11 AM To: Kathleen Carnahan/NA/Enron@Enron, Carlos Sole/NA/Enron@Enron, Kay Mann/Corp/Enron@Enron cc: Ben Jacoby/HOU/ECT@ECT Subject: Land Options - Estoppel language Given the challenges that Carlos and I are currently encountering while trying to obtain an estoppel letter from our Illinois landowner (Bob Konicek), I believe that it makes sense on all our future land option agreements to include language obligating the Seller to provide such letters at our request. This language could be easily included in the cooperation section of the agreement and would likely go unnoticed or unchallenged by the Seller. It would simplify the site monetization process and avoid the Seller being able to extract value from us in exchange for providing such a letter. Fred
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