Enron Mail

From:geoff.storey@enron.com
To:smcginn@reliantenergy.com
Subject:Ring language
Cc:
Bcc:
Date:Mon, 5 Nov 2001 12:57:47 -0800 (PST)

Steve,

Here's the language:

"Each of the parties to this Agreement recognizes and acknowledges that the=
parties are acting and agreeing to perform their obligations hereunder in =
reliance upon (i) the timely execution and delivery by [legal name of other=
counterparty] ("Third Party") and Party A of a transaction in substantiall=
y the form attached hereto as Exhibit A ("Third Party Transaction A") and w=
ould not otherwise agree to execute, deliver and perform under this Agreeme=
nt if Third Party and Party A were not contemporaneously executing and deli=
vering Third Party Transaction A and (ii) the timely execution and delivery=
by Third Party and Party B of a transaction in substantially the form atta=
ched hereto as Exhibit B ("Third party Transaction B") and would not otherw=
ise agree to execute, deliver and perform under this Agreement if Third Par=
ty and Party B were not contemporaneously executing and delivering Third pa=
rty Transaction B. The effectiveness of this Agreement shall be subject to =
the condition that contemporaneously with the execution and delivery of thi=
s Agreement Party A and Third Party execute and deliver Third Party Transac=
tion A and Party B and Third Party execute and deliver Third Party Transact=
ion B."
=20

If you have any legal questions feel free to call our lawyer Mark Taylor at=
713-853-7459.


Thanks,


Geof Storey
713-853-7058
cell 713-412-4632