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Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit X-From: Sara Shackleton X-To: Susan Bailey, Angela Davis X-cc: X-bcc: X-Folder: \Sara_Shackleton_Dec2000_June2001_2\Notes Folders\Sent X-Origin: SHACKLETON-S X-FileName: sshackle.nsf Susan: Per Tanya's message below, please prepare a draft Schedule for the bank listed below. There is no CSA. Angela can help you with the choices. THIS IS A DEAL SPECIFIC ISDA SCHEDULE and not for general use. Angela: I know that this Schedule will never be accepted in total but it highlights the ENA priorities. You can forward to the Rabobank person who sent the email request the other day and David Barbour et al. I would appreciate if you could handle and I'll let you know when I'm back in the office for good. Thank you both. Sara 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 ----- Forwarded by Sara Shackleton/HOU/ECT on 01/12/2001 05:23 PM ----- Tanya Rohauer 01/12/2001 05:16 PM To: Sara Shackleton/HOU/ECT@ECT cc: Subject: Re: Project Cerberus - amended to introduce the swap counterparty Rabobank ("Rabo") I would use the following: Rabobank Nederland (per your voice mail that outside counsel is not sure): No CSA Enron Corp Gty - have they asked about a limit? I would propose $25MM Bilateral Cross Defualts of $100MM fopr Enron Corp and Rabobank Nederland I'd leave out the Additional Termination Event since these guys are AAA rated Is Credit Event upon Merger normally in our schedule or the CSA? If we usually omit when we do not have a CSA, then I am ok with that. I'll try to get to First Union this weekend. Sorry for the delays - the insanity is at the worst levels yet!! Tanya From: Sara Shackleton on 01/12/2001 09:23 AM To: Tanya Rohauer/HOU/ECT@ECT cc: Angela Davis/NA/Enron@Enron Subject: Project Cerberus - amended to introduce the swap counterparty Rabobank ("Rabo") Tanya: I'd like to send our Schedule to Rabobank today since we will be off Monday, Jan. 15 and I have been called for jury duty on Tuesday, Jan. 16. I will ask Angela Davis (a finance lawyer with swap experience who is helping us out on the structured deals) to handle this for me. I don't want to deal with Rabobank's form of Schedule as a basis for discussion and I am told that this deal closes Friday, Jan. 19.. A voice mail would be greatly appreciated. Thanks. Sara 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 ----- Forwarded by Sara Shackleton/HOU/ECT on 01/12/2001 09:18 AM ----- Sara Shackleton 01/10/2001 12:23 PM To: Tanya Rohauer/HOU/ECT cc: Angela Davis/NA/Enron@Enron Subject: Project Cerberus - amended to introduce the swap counterparty Rabobank ("Rabo") Tanya: Enron Corp, (global finance) has a FASB 125 structured deal executed in Dec., 2000 which requires amendment for tax purposes. A new total return equity swap on EOG stock will need to be executed between ENA and Rabo. ENA must be the swap counterparty ("normal course of business") for the legal opinion which must be issued for the structure. I would like to send Rabo our ISDA format so as to avoid any surprises; time is short. I assume we do not want a CSA but will require an Enron Corp. guaranty. Do we want cross default and Credit Event Upon Merger to apply to the parties? Do we want to add/eliminate additional events of default? The ultimate Schedule will probably look very different from our standard but we need to urge our format as much as possible. Please call me to update. This update is currently scheduled to close next Friday. Thanks. Sara 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
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