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Enron Mail |
Andy
As we discussed during the last conference call, attached is a revised Article 8, Credit Provisions, to the EEI Contract, along with a revised section for the Cover Page. The changes were made to make Article 8 more user friendly and to incorporate the few comments that were agreed to during the conference call. I tried blacklining, but that proved not decipherable due to the extensive formatting changes. Maybe you will have better success. I have attempted to mark by hand the changes and will fax that to you in case you want to distribute it to the rest of the group. The only changes that were not discussed on the call (other than those resulting from the global restructuring) that I made are as follows: 1. Changed the Section entitled "Performance Assurance" to "Collateral Threshold" - Use of PA seemed misleading since PA is referenced in other sections dealing with collateral. 2. Added the words "acceptable to Party ___" in new Section 8.1(d) and 8.2(d) in order to clarify, as we did in Sections 8.1 (a) and 8.2(a) that the security must be acceptable to the receiving party. 3. Added provisions in the Cover Sheet to provide expressly whether the options are "Applicable" or "Not Applicable". As always thanks for your help. Elizabeth 713.853.6349
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