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Enron Mail |
I think we need for this to be reciprocal -although I agree the errors are=
=20 likely to be only our own. Therefore, I suggest the following: (f) Notwithstanding any provision of this Agreement, any master agreement o= r=20 any GTC to the contrary, any Transaction resulting from a Gross Error may = be=20 voided and the parties agree that any such voided Transaction shall be of n= o=20 force or effect. =01&Gross Error=018 shall mean the posting of any price t= hat is=20 [5]% or more above or below then prevailing market prices, which difference= =20 is verified by the average of quotations from three or more participants in= =20 the relevant market for Transactions which would be conducted at the time o= f=20 the Transaction containing the Gross Error. For a Transaction to qualify as= =20 subject to Gross Error, one party must communicate by facsimile to the othe= r=20 the claimed existence of Gross Error within [3] hours of the Transaction=20 occurring.=20 What do you think? Dave From: Mark Taylor@ECT on 08/14/2000 05:27 PM To: David Forster/Corp/Enron@Enron cc: =20 Subject: Gross Error language (f) Notwithstanding any provision of this Agreement, any master agreement o= r=20 any GTC to the contrary, any Transaction resulting from a Gross Error by=20 Enron shall be voided at Enron=01,s election and Counterparty agrees that a= ny=20 such voided Transaction shall be of no force or effect. =01&Gross Error=01= 8 shall=20 mean the posting of any price that is [30]% or more above or below then=20 prevailing market prices, which difference is verified by the average of=20 quotations from three or more participants in the relevant market.
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