![]() |
Enron Mail |
Tana,
After having talked to Steven Kessler at Deutsche Bank, the revised language for Section 2, Demands and Notice, is as follows: DEMANDS AND NOTICE. Upon the occurrence and during the continuation of an Event of Default or Termination Event, if Enron fails or refuses to pay any Obligations and Counterparty has elected to exercise its rights under this Guaranty, Counterparty shall make a demand upon Guarantor (hereinafter referred to as a "Payment Demand"). A Payment Demand shall be in writing with a specific statement that Counterparty is calling upon Guarantor to pay under this Guaranty. Payment shall be made promptly, but in no event more than two (2) business days after receipt of the Payment Demand by Guarantor. A single written Payment Demand shall be effective as to any specific default during the continuance of such default, until Enron or Guarantor has cured such default, and additional written demands concerning such default shall not be required until such default is cured.
|