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Enron Mail |
I can't say it enough...you are the best!
Peter Keohane Sent by: Sharon Crawford 08/23/2000 12:07 PM To: Tana Jones/HOU/ECT@ECT, Robert Bruce/NA/Enron@Enron cc: Greg Johnston/CAL/ECT@ECT Subject: Assignment, Subordination and Postponement of Claim Please see the following: "Any and all present and future debts, obligations and liabilities whatsoever of [Counterparty] which are now or hereafter owing to [Guarantor] are hereby assigned by [Guarantor] to [Enron entity]. Further, [Guarantor] acknowledges and agrees that any and all such present and future debts, obligations and liabilities of [Counterparty] which are now or hereafter owing to [Guarantor] are absolutely and unconditionally subordinated and postponed to the payment in full by [Counterparty] to [Enron entity] of all present and future debts, obligations and liabilities of [Counterparty] which are now or hereafter owing to [Enron entity], and [Guarantor] further acknowledges and agrees that if [Guarantor] receives any monies or other amounts or consideration in respect of any such debts, obligations and liabilities of [Counterparty] owing to [Guarantor], [Guarantor] will receive same in trust for, and will immediately pay same to, [Enron entity] unless and until all present and future debts, obligations and liabilities of [Counterparty] which are now or hereafter owing to [Enron entity] are paid in full and without limiting or reducing [Guarantor's] obligation to pay pursuant to [Guarantee] in any manner whatsoever." Regards, Peter
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