|
|
Enron Mail |
Sara,
Just for the record, I think we tax folks had a couple comments to your initial draft of the Grizzly-Timberwolf swap confirmation, but all of these issues became moot as a result of the changes made in today's Raptor II meeting. We'll look forward to receiving your revised draft of the swap. Thanks. AnnMarie ---------------------- Forwarded by Mary Kimball/NA/Enron on 09/27/2000 09:45 AM --------------------------- From: Sara Shackleton@ECT on 09/26/2000 05:44 PM To: Scott Sefton/HOU/ECT@ECT, Ryan Siurek/Corp/Enron@ENRON, Gordon McKillop/NA/Enron@ENRON, Bob Butts/GPGFIN/Enron@ENRON, Gregory Adams/Corp/Enron@ENRON, Mary Kimball/NA/Enron@Enron, Frank Stabler/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Randy Young/NA/Enron@Enron cc: Subject: swap on Ponderosa shares of Enron International Brazil 2000 Ltd. 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.
|