Enron Mail |
Kay and Ben,
I would like to send the following to Jeff Darst at GE via e-mail. Dear Jeff, Pursuant to you letter dated May 9, 2001 we are prepared to pay the deduct for liquidated damages ($536,000) and retention deduct ($965,885) withheld from the April 25, 2001 invoice. Payment of the deduct for the liquidated damages claim does not constitute a withdrawal of the claim, hence, we are not waiving our rights afforded under the contract. As stated in our letter dated May 3, 2001, we are prepared to pay the final 5% payment for Unit 1 upon receipt of the Letter of Credit for $965,855 (5% of the price for Unit 1) and a lien release. Regards, Chris
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