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Enron Mail |
All: I have once again revised the confirm for the EBS Raptor deal. There
will be only one swap transaction: Harrier I LLC/Talon I LLC. Please note the following changes: (1) the Initial Equity Notional Amount has been corrected (2) I have expanded the definition of Cash Dividends (3) I have ADDED a provison for "Payment Obligations" to avoid confusion for those of you unfamiliar with the 1996 Equity Definitions. Since I have removed the interest payment feature, the only payments changing hands will be upside/dividends and downside. The "Equity Amount Payer" pays the upside (difference between Initial Price (on the relevant Valuation Date) and Final Price) and dividends; the other party pays the downside. (4) I have retained the concept of multiple optional termination dates. (5) Kevin: I NEED the Harrier account/notice information. This confirm should serve as a template for additional Raptor equity share swaps so please review and comment. Thanks. Sara
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