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Enron Mail |
As you predicted.
"Keffer, John" <JKeffer@KSLAW.com< on 12/22/2000 09:16:19 AM To: "'Kay.Mann@enron.com'" <Kay.Mann@enron.com<, "Campbell, Carolyn" <CCampbell@KSLAW.com< cc: Subject: RE: Intergen - Escrow George has confirmed that F&J is unwilling to act as escrow agent -----Original Message----- From: Kay.Mann@enron.com [mailto:Kay.Mann@enron.com] Sent: Friday, December 22, 2000 9:17 AM To: Keffer, John; Campbell, Carolyn Subject: Intergen - Escrow I asked Fred to check into what it would take to have Enron set up a third party escrow arrangement. Kay ---------------------- Forwarded by Kay Mann/Corp/Enron on 12/22/2000 09:15 AM --------------------------- Fred Mitro@ECT 12/22/2000 08:59 AM To: Kay Mann/Corp/Enron@Enron cc: Raimund Grube/Corp/Enron@ENRON, Ben Jacoby/HOU/ECT@ECT, Rebecca Walker/NA/Enron@Enron, Mary Perkins/HOU/ECT@ECT Subject: Intergen - Escrow I spoke with Mary Perkins in Treasury. She indicated that we are currently working with Chase Bank and City Bank for our third party escrow Agreements. Mary will forward Kay and I electronic copies of both of their standard agreements. The timeline for a standard agreement is at least 3 days and increases with the level of complexity of the Escrow Agreement's terms & conditions. The cost for either bank to set-up and administer the escrow would be approximately $5-$10K, with additional cost if the Agreement was overly complex. Kay: Call me to discuss our proposed Escrow Agreement T&C's and how a draft form of this Agreement should be best incorporated into the transaction documents. At a minimum, we should attach it as a sample form and have the Letter Agreement(s) contain "substantially in conformance with" language. Fred 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.
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