|
|
Enron Mail |
Luke:
I will take a look at this either tonite or in the morning. Since the UEI Holdings Guaranty which we reference in paragraph 9 of the Amendment covered both US and Canada transactions, I don't think that we can say that it has been terminated until we sign up the Engage Canada deal. Can you add language to the Coastal Guaranty that takes care of this instead. I would prefer to say in paragraph 9 of the Engage US amendment that "The Guaranty of Party B dated as of May 19, 1997, heretofore delivered by UEI Holdings Inc., formerly known as Union Energy Inc. in favor of Party A as beneficiary, is hereby replaced by an executed Guaranty from Coastal Corporation, a copy of which is attached hereto as Exhibit B but only with respect to the obligations of party B under the Master Agreement that are guaranteed thereunder." Let me know what you think. Carol St. Clair EB 3892 713-853-3989 (Phone) 713-646-3393 (Fax) carol.st.clair@enron.com Luke.Mickum@EngageEnergy.com 07/10/2000 10:47 AM To: carol.st.clair@enron.com cc: Michael.Hugetz@EngageEnergy.Com, Jeff.Buzonas@EngageEnergy.com Subject: Amendments to ISDA Master Enron/Engage Energy US, L.P. Attached is the standard Coastal guaranty form we use for ISDAs.? I understand this ISDA is just for these financial instruments and not for the physical side of the business.? Please give me your comments, if any. We will split the guaranty with a Coastal guaranty for Engage US and Westcoast for Engage Canada.?? Since the new threshold is $10 million, the Coastal guaranty cap is $10 million.? ??????? ??????? ??????? ??????? ??????? ??????? ??????? ??????? Regards, ??????? ??????? ??????? ??????? ??????? ??????? ??????? ??????? Luke <<Guaranty form ISDA-Engage.doc<< - Guaranty form ISDA-Engage.doc
|