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Enron Mail |
Attached is a first draft of the swap for the Raptor 2 structure. Please
consider the following questions and I will amend the confirmation accordingly: 1. I have bracketed the concept of multiple notices for purposes of multiple partial terminations and therefore multiple Valuation Dates. Before we eliminate this concept, I just want to make certain that everyone is in agreement as to how this swap will terminate. [Do we want partial terminations based upon partial asset sales?] 2. Assuming that termination occurs upon sale of 100% of the assets, I need to be sure that the word "sale" is sufficient. Should we use "financial close" or some other term of art? I have concerns that a sale may be contingent or subject to some waiting period.
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