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Enron Mail |
Karen - I will ask legal to forward you the draft of the loan document as
soon as it becomes available. I expect it by the end of this week. If that changes I will let you know. As for your question regarding the amount, the worksheet is simply an attempt to capture the potential maximum needs based on certain assumptions. Depending on the positions we have in place, the various business lines could offset each other, but they could also be additive. I tried to pick a middle ground for my request so that there is a realistic expectation of what the potential needs could be. As for Global Finance, Sarah is back in the office so she will be handling the FASH. Lastly, I am currently assuming that the Peoples loan will mirror our loan with identical caps. However, we have not presented a draft to Peoples yet for their review so they may have other ideas which they have not communicated yet. Thanks, Gregg To: Gregg Penman/Corp/Enron@ENRON cc: Subject: enovate revolver DASH Gregg, Please e mail me a copy of the draft loan document at its current state, or a termsheet outlining the agreed-upon covenants/features. I assume the loan document for both our piece and People' will be the exact copy for covenants/rights etc. The worksheet seems to imply a maximum cash needs, i.e. assuming all deals outstanding (which = 50% of the maximum capacity) will need funding at the same timeframe. Do the underlying business lines have overlapping periods such that the outstanding amount at any given time is really less than the aggregate? We will need someone from Global Finance to fill out the FASH addendum before Ben Glisan signs off on the DASH. Let me know who covers for Sarah at her absence. Please take a quick look at the attached and give me a call. Thanks.
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