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Enron Mail |
Luanne:
I made a mistake on the language that we sent you on MAC. On the last part where it talks about a failure to be rated, my understanding from our discussions is that a MAC would only be triggered if a party's credit support provider failed to be rated by either S&P or Moody's so that if it lost one rating but maintained the other rating a MAC would not be triggered. For this reason the amendment should read ...or its Credit Support Provider shall fail to have a rating from either S&P or Moody's. Please confirm that this is your understanding and sorry for the confusion. Carol St. Clair EB 3892 713-853-3989 (Phone) 713-646-3393 (Fax) carol.st.clair@enron.com
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