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Enron Mail |
Mr. Goldsmith -
I have attached below a copy of the updated BETA reflecting the changes you proposed earlier. I have added some language to your proposals, but have kept the intention intact. The only additional comments that I will make are that Enron will require (a) a confirmatory letter from Natsource LLC that the LC posted by Natsource will be applicable to Natsource-Tullet (in essence a guarantee letter) and (b) if an LC has already been posted, it will need to be modified so that it will reflect the ability of Enron to realize under it for Natsource-Tullet. If no LC has been issued, this latter point will need to be handled in any LC issued. Please take a look at the attached and let me know if anything further. I will be checking with our personnel to confirm that Natsource LLC does not have to be a signatory to this BETA. Mark Senior Counsel, EWS Phone: 713-345-8897 Facsimile: 713-646-3490 E-Mail: Mark.Greenberg@enron.com
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