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Enron Mail |
Brant:
Are you okay with their position on item #2 that cross default should only apply to the Credit Support Providers? Carol ----- Forwarded by Carol St Clair/HOU/ECT on 05/23/2000 11:30 AM ----- "Shuttee, John" <ShutteeJ@EPEnergy.com< 05/23/2000 11:23 AM To: "'Carol St Clair'" <Carol.St.Clair@enron.com< cc: "Shuttee, John" <ShutteeJ@EPEnergy.com< Subject: RE: Cross Default Language Carol - Our legal department is in the process of reviewing the schedule, paragraph 13, and L/C provisions/schedule. I will send you new drafts once I incorporate comments from them. Two other things: 1. Enclosed is a "new" format of Guarantee for your review. Actually, this should be similar to the 1995/6 version Enron has already accepted. 2. I disagree with your changes in C/D threshold discussed below. We prefer to limit this to the Credit Support Provider (as per your original change) as this is who guarantees the ISDA. I have incorporated your original comments with little change which you can review when I send the drafts. John < -----Original Message----- < From: Carol St Clair [SMTP:Carol.St.Clair@enron.com] < Sent: Monday, May 22, 2000 5:21 PM < To: Shuttee, John < Subject: Cross Default Language < < < < John: < Please see the enclosed attachment. If we go with this language then you < can < ignore my comments to Part 1 © and (e) of the Schedule. < < (See attached file: El Paso Cross Default Threshold.doc) < Carol St. Clair < EB 3892 < 713-853-3989 (Phone) < 713-646-3393 (Fax) << File: Mac Word 3.0 << ****************************************************************** This email and any files transmitted with it from El Paso Energy Corporation are confidential and intended solely for the use of the individual or entity to whom they are addressed. If you have received this email in error please notify the sender. ******************************************************************
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