Re: Assignment and Assumption Agreement related to GE contract

Ok. So basically all bets are off if we don't give NTP by September
whatever. Sounds good.

"Stan Jensen" <sjensen@bracepatt.com< on 06/26/2000 02:20:46 PM
To: <Kay.Mann@enron.com<
cc:

Subject: Re: Assignment and Assumption Agreement related to GE contract

The Notice to Proceed Effective Date is not a set date but rather the day
that the notice to proceed is given so long as certain other conditions are
also in effect on such date (such as either financial close or the Enron
Guaranty]

<<< <Kay.Mann@enron.com< 06/26 2:16 PM <<<

Stan,

I have one minor question.

Is the Notice to Proceed Effective Date a set date, or is it x days
following y event?

I would expect to see language along the lines of "If notice to proceed is
not given by the Notice to Proceed Effective Date, then...". I see the
deleted language was something close to that, so maybe in the context of
this EPC different terminology is used.

Kay

"Stan Jensen" <sjensen@bracepatt.com< on 06/26/2000 02:01:26 PM

To: <msuzuki@nyc.mitsui.com<, <K.Ishimatsu@xm.mitsui.co.jp<
cc: <kay.mann@enron.com<, <Max.Yzaguirre@enron.com<,
<Sheila.Tweed@enron.com<, <Steve.Irvin@enron.com<

Subject: Assignment and Assumption Agreement related to GE contract

Attached is a redline that highlights minor proposed revisions to the
assignment contract you sent earlier today.

Please feel free to call me at (713) 221-1524 with any questions.

Stan Jensen

(See attached file: GEAssign4.doc)