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Enron Mail |
Luanne:
You are right. There is no need to make a change so we will just amend the MAC language. Carol St. Clair EB 3892 713-853-3989 (Phone) 713-646-3393 (Fax) carol.st.clair@enron.com "Giessen, Luanne" <luanne.giessen@gs.com< 06/28/2000 08:57 AM To: "'Carol St Clair'" <Carol.St.Clair@enron.com< cc: Tana Jones <Tana.Jones@enron.com< Subject: RE: MAC Amendment I don't have a problem, but would like to know why the change for Goldman Group. That is a defined term -- see Part 3. Luanne Giessen Telephone: (212) 902-0580 Facsimile: (212) 428-1582 e-mail address: luanne.giessen@gs.com -----Original Message----- From: Carol St Clair [mailto:Carol.St.Clair@enron.com] Sent: Tuesday, June 27, 2000 5:35 PM To: Giessen, Luanne Cc: Tana Jones Subject: MAC Amendment Luanne: Our credit person is fine with revising the MAC language to say taht a MAC would be triggered if either (1) an entity's Credit Support Provider's rating from S&P is below BBB- by S&P or Baa3 by Moody's or (2) if such Credit Support Provider fails to be rated by both S&P and Moody's. Also, in Sections 4.5 and 4.6 of the ISDA Schedule we would like to change the reference to "Goldman Group" to "The Goldman Sachs Group, Inc." I will have Tana Jones draft an amendment and send it to you. Call me if there are any problems with the above. Tana, Please draft an amendment for my review. Carol St. Clair EB 3892 713-853-3989 (Phone) 713-646-3393 (Fax) carol.st.clair@enron.com
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