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Enron Mail |
Russell,
Please review the attached draft of the draft Enfolio Master Firm Purchase/Sale Agreement which has been drafted based on Exxon's comments as necessary changes before they will allow the Mobil plant to schedule gas under the terms of the October 1, 1995 Agreement. I have merely incorporated the credit language that was used in the October 1, 1995 agreement into this agreement and have attempted to make the other changes that Exxon was requesting. Question, is the parent company still Mobil Corp. for the purposes of the MAC. Do you still agree with the prior credit requirements as provided in the October 1, 1995 agreement, and if not, please provide me with your updated requirements as early as possible this morning so that I can incorporate into the agreement prior to presenting it to them for further negotiation later today. Lee, Please review the attached so that we can discuss which of their changes have been made, which we did not make and the reasons therefor. The quick points being: sentence at end of 2.3 which takes the place of their items 1-4; $0.15 to $0.05 in 3.2 and 3.4; item (iii) in 4.2 per their request #5 except I changes 30 business days to simply 30 days; I did not give them their request #6 except I did incorporate the last two sentences of their request; I attempted to give them all of their requested #7 except I reworded slightly for balance and the items we previously discussed; did not do request #8 because we will incorporate that in the Transaction Agreement; gave them their request #9, gave them their request #10 except I left in the "as is, where is" and the line they omitted when they retyped; did not do their item #11, added section 8.9 for termination of prior agreement; added their items #12 and #13 but modified as we discussed; otherwise I updated the contract and changed references for Buyer's Transporter to simply Company. Anything else? .
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