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Enron Mail |
Ron noted that I failed to note one change that we would like you to
consider, i.e., an ACH payment from SMUD to Enron in addition to the wire transfer. <<RE: EEI Cover Sheet<< Message-ID: <276F84930F83D211B5880008C75D8491038DD263@e2.smud.org< From: Ron Jelicich <RJelici@CORPORATE< To: Gary Richardson <GRichar@CORPORATE< Subject: RE: EEI Cover Sheet Date: Tue, 15 May 2001 08:44:45 -0700 MIME-Version: 1.0 X-Mailer: Internet Mail Service (5.5.2650.21) Content-Type: text/plain; charset="iso-8859-1" One change that did not get in was on page 1 - adding ach as a payment method along with wires to Enron. < -----Original Message----- < From: Gary Richardson < Sent: Monday, May 14, 2001 2:39 PM < To: 'Carol St. Clair' < Cc: Ron Jelicich < Subject: EEI Cover Sheet < < Ron and I reviewed the credit aspects of the EEI document that you sent. < Our redlined changes are attached. If you have no objections to these < changes, we will then forward the document for counsel review. < 1. We changed the party to notify in the event of default to our General < Counsel. < 2. Under Article 5, we changed the Cross Default Amount ratings thresholds < from "below BBB+" to "below A-" to remedy the gap that otherwise would < exist from A- or higher and below BBB+. < 3. Under Section 5.6. we added language to exclude our Joint Powers < Agencies from setoff provisions. Currently, they do not make sales to < outside parties since SMUD takes all their output. Since they are separate < entities with their own bond indentures, we believe it best not to include < them as if they were corporate affiliates. < 4. On page 6, "Transfer Date" the time allotted is two days after receipt < from posting party. As we are currently organized and staffed, we would < find that timeline difficult to meet especially if we were providing a < LOC. We would prefer to have the time extended to 10 days. < << File: SMUD Redline EEI (5.9.01).doc <<
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