|
|
Enron Mail |
Jeff:
I don't but Trina may have an example of this. Carol St. Clair EB 3892 713-853-3989 (Phone) 713-646-3393 (Fax) "Eldredge, Jeff" <jeldredge@velaw.com< 05/17/2000 05:24 AM To: "St. Clair, Carol (Enron)" <carol.st.clair@enron.com< cc: Subject: RE: 5/16 Draft of Swap Assignment Some of these references are in carveouts where they can only help us, but in other places they seem problematic. I think we need to focus on the definition of Debt and how the references to balance sheets, particularly the reference to Consolidated balance sheets, may capture obligations of Principal Subsidiaries we thought we were avoiding? Do you have an example of a definition of Debt for use in an Enron cross-default provision that doesn't reference Principal Ssubsidiaries? Jeffrey E. Eldredge Vinson & Elkins L.L.P. Regis House 45 King William Street London EC4R 9AN Office Tel: (44-171) 618-6013 Fax: (44-171) 618-6001 Mobile Tel: (44) 0411 435 486 -----Original Message----- From: Carol St Clair [mailto:Carol.St.Clair@enron.com] Sent: 16 May 2000 16:32 To: jeldredge@velaw.com Cc: Mark Evans; acurry@velaw.com; tchandler@velaw.com Subject: 5/16 Draft of Swap Assignment Jeff: Now that Principal Subs has been taken out of the cross default provision, is there any need to refer to Subsidiaries in the definitions of Debt or Permitted Receivables Purchase Facility ? Carol St. Clair 713-853-3989 (Phone) 713-646-3393 (Fax)
|