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Enron Mail |
Robert E. Bruce Senior Counsel Enron North America Corp. T (713) 345-7780 F (713) 646-3393 robert.bruce@enron.com ----- Forwarded by Robert Bruce/NA/Enron on 12/11/2000 12:37 PM ----- Robert Bruce Sent by: Robert Bruce 12/11/2000 12:20 PM To: Clement Abrams/Corp/Enron@ENRON cc: Sara Shackleton/HOU/ECT; mvonbock@enron.com Subject: TD prepay guarantees Clement, as we discussed this morning, Credit Suisse First Boston International (CSFBI) and Morgan Stanley Capital Group are requesting unlimited guarantees of ENA's obligations under the prepay swaps. We already have an unlimited guaranty in place for the benefit of Toronto Dominion (issued in connection with the 1998 master); word from London is that we are arguing with them as to whether we have to provide a stand-alone unlimited guaranty specific to this transaction. In any event, we will have to execute at least two new unlimited guaranties on behalf of Enron Corp. (assuming Ben Glisan approves). Enclosed is a draft that I propose using as a template, red-lined to show revisions from our standard form of financial trading guaranty: By copy to Sara and Marcus, I ask them to provide any comments to this draft that they feel appropriate. I would like to get your approval before I send clean drafts based on this form to the counterparties. Thanks -- Bob Robert E. Bruce Senior Counsel Enron North America Corp. T (713) 345-7780 F (713) 646-3393 robert.bruce@enron.com
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