|
|
Enron Mail |
Hi Carol. Great to hear from you. I hope all is going well.
Diana Higgins who is a manager (credit) in the metal area will be the principal credit person. I would say that Kaiser is a low grade credit and the contract should be robust with early termination and collateral rights. -----Original Message----- From: St Clair, Carol Sent: 25 May 2001 15:02 To: Nelson, Roderick; Simons, Paul Cc: Shackleton, Sara Subject: Kaiser Importance: High Rod and Paul: I have checked the ISDA between Kaiser and ENA and it has our standard setoff language which permits setoff of amounts owed by or to the Non-Defaulting Party and its Affiliates against amounts owed by or to the Defaulting Party under the ISDA and other agreements. Please call me once you have located the Metals agreement as Greg indicated to me in a voice mail that he needs an answer this morning. Rod, If we get comfortable on the legal side with this arrangement, are there other credit issues that need to be considered? Carol St. Clair EB 3889 713-853-3989 (Phone) 713-646-3393 (Fax) carol.st.clair@enron.com
|