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Enron Mail |
Rhett:
Is this okay with you? Carol ----- Forwarded by Carol St Clair/HOU/ECT on 05/24/2000 04:00 PM ----- "Morrison, S.L. (Sandy)" <SL.Morrison@mbltd.com< 05/24/2000 02:22 PM To: "'Carol.St.Clair@enron.com'" <Carol.St.Clair@enron.com< cc: "McKinnon, M.K. (Malcolm)" <MK.McKinnon@mbltd.com< Subject: RE: ISDA Comments Carol, My tax department is ok with the forms in Part 3 a i) and ii) of ths schedule, but ask that 3 a)ii) be changed to "...before December 31st of each third succeeding year..." (ie, the same as part 3a)i)). Also they have asked that we obtain the proper mailing address and contact name for these forms. Plese let me know if there is a problem with this requested change. Thank you, Sandy Morrison Weyerhaeuser Company Limited -----Original Message----- From: Morrison, S.L. (Sandy) Sent: Wednesday, May 24, 2000 10:50 AM To: 'Carol.St.Clair@enron.com' Subject: RE: ISDA Comments Carol, Sheri's number in Washington is 253-924-3184. Thank you, Sandy -----Original Message----- From: Carol.St.Clair@enron.com [mailto:Carol.St.Clair@enron.com] Sent: Wednesday, May 24, 2000 10:48 AM To: SL.Morrison@mbltd.com Subject: RE: ISDA Comments Sandy: I have not yet contacted our tax group about this. I think that the easiest thing to do is for you to give me Sheri's phone number and I will ask someone from our tax group to contact her. It probably will be Rhett Jackson. Carol "Morrison, S.L. (Sandy)" To: "'Carol St Clair'" <Carol.St.Clair@enron.com< <SL.Morrison@ cc: "McKinnon, M.K. (Malcolm)" <MK.McKinnon@mbltd.com< mbltd.com< Subject: RE: ISDA Comments 05/24/2000 09:14 AM Carol, Further to our conversatiaon yesterday, I would like to get Sheri Dunn, from the Weyerhaesuer tax group and a tax representative from Enron on the phone sometime (hopefully today). Sheri is available at 10:30 Pacific time (=1:30 est, 12:30 Central) today. Do you think we can work with that? Thanks, Sandy Morrison Weyerhaeuser Company Limited -----Original Message----- From: Carol St Clair [mailto:Carol.St.Clair@enron.com] Sent: Monday, May 22, 2000 6:48 PM To: SL.Morrison@mbltd.com Subject: ISDA Comments Carol St. Clair EB 3892 713-853-3989 (Phone) 713-646-3393 (Fax) ----- Forwarded by Carol St Clair/HOU/ECT on 05/22/2000 05:47 PM ----- |--------+-----------------------< | | Carol St | | | Clair | | | | | | 05/22/2000 | | | 05:42 PM | | | | |--------+-----------------------< < --------------------------------------------------------------------------- -| | | | To: SL.Morrison@mbltd. | | cc: Susan Bailey/HOU/ECT@ECT | | Subject: ISDA Comments | < --------------------------------------------------------------------------- -| Sandy: Susan Bailey passed on to me your comments to the ISDA draft and I can respond to some but not all of such comments at this point: 1. With respect to your Canadian securities rep, I am checking with our counsel in Canada about whether we can use your language instaed of ours. 2. With respect to the Options rep and the ESP rep in part %, Section (b), I believe that both parties need to make such reps. The rep in Part 5 (b)(g)(ii) is to cover the Trade Option exemption and it is different from the ESP rep below it. 3. With respect to the language in Part 5, Section (a), this is different from the setoff language. What this is saying is that if a party has fulfilled all of its payment obligations and an Event of Default occurs with respect to it (the "Defaulting Party"), the other party cannot withhold any payment that it owes to the Defaulting Party. This is different from the exercise of setoff rights. 4. I would like to discuss with you or your legal representative the removal of the arbitration language as it is Enron's policy to have arbitration apply. 5. We would prefer to keep the Termination Currency specified in US Dollars. 6. Our tax group believes that we need the language in Part 3(a)(i), (ii). Why do you want to delete it? I look forward to hearing from you. Carol St. Clair EB 3892 713-853-3989 (Phone) 713-646-3393 (Fax) E-Mail Carol.St.Clair@enron.com
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