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Enron Mail |
Leandra,
As previously discussed, attached is a red-line version of suggested changes from Tractebel and ENA. Please note ENA changes from the earlier draft are as follows: Section 4.2 Triggering Event. Increase defaults for both parties to $100,000,000. Section 4.6 Collateral Requirement/ Termination Payment Threshold. Decrease in Tractebel's Threshold from $10,000,000 to $7,500,000. Appendix"1" "Material Adverse Change". Change Tractebel S.A. "Minimum net worth ratio" to $3,375,000,000 USD from $150,000,000 Belgian Francs. Laura Kinner in your credit dept. is working with ENA's Russell Diamond concerning these changes to credit sections. Finally, although this draft has been reviewed by my attorney, there are a few sections as you will note we need to discuss further. Thank you for your assistance. Please let me have your thoughts regarding the draft. Debra Perlingiere Enron North America Corp. Legal Department 1400 Smith Street, EB 3885 Houston, Texas 77002 dperlin@enron.com Phone 713-853-7658 Fax 713-646-3490
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