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---------------------- Forwarded by Sara Shackleton/HOU/ECT on 05/10/99 09:29
AM --------------------------- Mark Evans 05/09/99 09:08 AM To: "Davies, Julian" <jdavies@linklaters.com< cc: Sara Shackleton/HOU/ECT@ECT, Treasa Kirby/LON/ECT@ECT, David Weekes/LON/ECT@ECT Subject: RE: RIVERSIDE 6 Julian, let's leave it for Barclays to request the guarantee which they no doubt will. Treasa and David will need to discuss with the currency swaps desk in Houston the issue of euro conversion. Mark Enron Capital & Trade Resources Corp. From: "Davies, Julian" <jdavies@linklaters.com< 07/05/99 16:56 To: "'mevans@enron.co.uk'" <mevans@enron.co.uk< cc: (bcc: Mark Evans/LON/ECT) Subject: RE: RIVERSIDE 6 Barclays call on the guarantee. If they think about it then they probably will want the Corp. guarantee. And of course the precedent swap was guaranteed....we could send out the first draft though and see if they raise the issue of the guarantee. Do you want to raise the question of re-denomination into euro with them? -----Original Message----- From: mevans@enron.co.uk [mailto:mevans@enron.co.uk] Sent: Friday, May 07, 1999 3:18 AM To: Sara Shackleton Cc: jdavies@linklaters.com; fxavier@linklaters.com; Mark - ECT Legal Taylor; tkirby@enron.co.uk; ppenet@enron.co.uk; tyates@velaw.com Subject: RIVERSIDE 6 Sara, I hope you have now received instructions from your commercial swaps team to put together an ISDA currency swap and confirm which ECT Corp will be providing to either Enron Europe Power 3 Limited or a subsidiary of that company. The subsidiary will be receiving dollars under a bond issue and paying pounds out (a spot transaction I believe) but will then receive pounds income which it will need to convert to dollars to pay interest on the bonds. The precedent document is the Sutton Bridge currency swap. Can you please confirm you have been instructed and let us know your timing for issuing a document. The sooner we can see this next week the better. The bond trustee will as usual require the swap to be backed with legal opinions from Enron in-house counsel (Mark Haedicke) re due execution and from V&E (Terry Yates) re enforceability. My understanding is that the swap will not be guaranteed by Corp (correct Julian?). Linklaters are representing Enron - Julian Davies and Fran Xavier (tel: 171 456 2000). Could you please send them your fax, telephone and email details. Linklaters have kindly agreed to prepare a first draft of the Mark Haedicke opinion and to send it out to you Sara. Thank you. I look forward to hearing from you. Mark ____________________________________________________________ This message is confidential. It may also be privileged or otherwise protected by work product immunity or other legal rules. If you have received it by mistake please let us know by reply and then delete it from your system; you should not copy the message or disclose its contents to anyone. ____________________________________________________________
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