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Enron Mail |
The following provisions are proposed to be added into the Confirms for the=
=20 Firm GTC. Please review and revise as appropriate. If a Triggering Event occurs, the Notifying Party may (at its election) set= =20 off any or all amounts which the Affected Party owes to the Notifying Party= =20 or it Affiliates (under this Agreement or otherwise) against any or all=20 amounts which the Notifying Party owes to the Affected Party (either under= =20 this Agreement or otherwise). "Affiliate=018 means, with respect to any person, any other person (other t= han=20 an individual) that, directly or indirectly, through one or more=20 intermediaries, controls, or is controlled by, or is under common control= =20 with, such person. For this purpose, "control" means the direct or indirec= t=20 ownership of fifty percent (50%) or more of the outstanding capital stock o= r=20 other equity interests having ordinary voting power. [Probably want to nam= e=20 EPMI specifically]
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