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Enron Mail |
Here's how I would do it. =20
(llc and its permitted assignees hereinafter referred to as "Optionee"), a= nd=20 ____________________________________, L.L.C., a Delaware limited liability, This is consistent with option. Revise like this and send out again to=20 Herman. thanks ckm From: Kathleen Carnahan/ENRON@enronXgate on 05/25/2001 10:29 AM To: Kay Mann/Corp/Enron@Enron cc: =20 Subject: Form of Memorandum of Option Question Kay, Herman suggested the changes to our form of Memorandum (in red). My= =20 question is, since we are defining Optionee as "________________________,= =20 LLC, its designee or permitted assignees" is it really necessary to includ= e=20 the second reference to designee or permitted assignees? This MEMORANDUM OF PURCHASE OPTION (this "Memorandum") is made and entered= =20 into effective as of the _____________________, 2001 by and between=20 _______________________________ (hereinafter referred to as "Optionor"), an= d=20 ____________________________________, L.L.C., a Delaware limited liability,= =20 OR ITS DESIGNEE OR PERMITTED ASSIGNEES (hereinafter referred to as=20 "Optionee"). Capitalized terms used but not defined herein shall have the= =20 meaning given to them in that certain Option to Purchase Real Estate dated= =20 __________________________, 2001, by and between Optionor and Optionee (the= =20 =01&Agreement=018). Optionor and Optionee are parties to the Agreement covering certain real=20 property situated in ____________________________ County, ______________, a= nd=20 more particularly described on Exhibit =01&A=018 attached hereto and incorp= orated=20 for all purposes (the =01&Property=018). Pursuant to the Agreement, Option= or=20 granted to Optionee an option to purchase the Property (the =01&Option=018)= , as=20 more particularly described therein, which Option expires _____________=20 (subject to Optionee=01,s rights to extend the Option for ___________ renew= al=20 term(s) of ______________ (____) months ending ________________________,=20 unless Optionee, ITS DESIGNEE OR ITS PERMITTED ASSIGNEE delivers to Optiono= r=20 a notice of exercise of its option to purchase the Property prior to such= =20 expiration date, as may be extended. Kathleen Carnahan Enron North America Corp. 1400 Smith Street, EB 3146d Houston, TX 77002 Phone - (713) 345-3386 Fax - (713) 646-3037
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