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Enron Mail |
All you would need to say in natural gas termsheet is, "This Transaction, if
entered into, will be conditioned upon the parties agreeing to a mutually acceptable U.S. Hot Rolled Steel financial swap transaction". And for the steel termsheet, "This Transaction, if entered into, will be conditioned upon the parties agreeing to a mutually acceptable Natural Gas financial swap transaction". (You can place the language at the end of the transaction description paragraph.) Tim McKone 11/01/2000 06:59 PM To: Mark Taylor/HOU/ECT@ECT, Brent Hendry/NA/Enron@Enron cc: Jaime Williams/NA/Enron@ENRON, Tammy L Mulrooney/HOU/ECT@ECT, Andrew Wilson/Corp/Enron@ENRON Subject: Hylsamex swaps for steel and gas Hello Mark and Brent, Attached is the steel swap Term Sheet and the natural gas swap term sheet. We are offering Hylsamex a discounted fixed price natural gas financial swap and in return for this discount, we will be buying fixed price steel (financial) from Hylsamex. The discounted natural gas swap is contingent upon our receiving discounted steel from Hylsamex. Would you put language to these swaps so as to make the gas swap contingent upon the steel swap. Please send the results as soon as possible to all of the above, and especially communicate to Jamie Williams in our Monterrey office (011 528 152-2403, as he will be sending the final term sheet to Hylsamex tomorrow (11/2). Jaime will be expecting your communication tomorrow. Thank you, Tim McKone
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