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Enron Mail |
Regarding the Penalty language for Seller's non-performance (not following
through with the posting process on the EBBs), I have talked with the Desk Directors who will be supporting this product, and we believe the language should reflect that the Seller would pay the Gas Daily daily spread between the Receipt and Delivery Point locations, plus $.02 (not $.15)--with payment only if that spread is positive---meaning there should be no instance where the Buyer has to pay the Seller if Seller defaults but the spread is inverted. Please call me (x35514) if you have any questions about this.
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