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The lease is freely assignable. The lien rights are based not contractual, but exist in Texas law. I used to have some info on Texas lien law, don't remember if I still do. I haven't worked a warehouseman lien issue. However, in general it is one thing to have a lien, and another to be able to foreclose on it, especially that quickly. In short, I don't know if whatever Morris is saying they will do in the timeframe described is permissible.
Rigby, you have any info on warehouseman liens in Texas? Still looking for a copy of the letter from Morris. My fax number is 63491 if someone has it handy. Thanks, Kay -----Original Message----- From: Zisman, Stuart Sent: Thursday, December 20, 2001 5:25 PM To: Leigh, Lorie; Tapscott, Ron; Jacoby, Ben; Mann, Kay; Schneider, Chip Subject: RE: Morris Letter Please provide me with any comments to the letter. I can work with Lorie to get it revised and send it out once we receive a consensus. -----Original Message----- From: Leigh, Lorie Sent: Thursday, December 20, 2001 5:23 PM To: Tapscott, Ron; Jacoby, Ben; Mann, Kay; Zisman, Stuart; Schneider, Chip Subject: Morris Letter << File: morris_ltr_122001.pdf << Lorie Albrecht Senior Admin. Asst. Enron East Power Generation Development Office: 713-853-1696
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