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Enron Mail |
Paul: There is already a definition of "Liabilities" in the hedge fund
template. We will enhance the existing definition to add the last phrase "...as would ...GAAP" and delete the "Liabilities" portion from your NAV definition. Sara Shackleton Enron North America Corp. 1400 Smith Street, EB 3801a Houston, Texas 77002 713-853-5620 (phone) 713-646-3490 (fax) sara.shackleton@enron.com Paul Radous/ENRON@enronXgate 04/25/2001 04:14 PM To: Sara Shackleton/HOU/ECT@ECT cc: Subject: Net Asset Value "Net Asset Value" means as of the relevant time of determination, an amount (expressed in United States Dollars) equal to the sum of Party B's Assets minus Liabilities. "Assets" means all assets and "Liabilities" means all liabilities, as would generally be classified as such in accordance with generally accepted accounting principles.
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