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Enron Mail |
This e-mail is confidential and may well also be legally privileged. If you
have received it in error, you are on notice of its status. Please notify us immediately by reply e-mail and then delete this message from your system. Please do not copy it or use it for any purposes, or disclose its contents to any other person: to do so could be a breach of confidence. Thank you for your co-operation. Please contact our IT Helpdesk on +44 (0) 20 7936 4000 Ext.2000 or email ITHelp@freshfields.com if you need assistance. Kay - one question - what is the "GC"? Thanks Isabel -----Original Message----- From: Kay.Mann@enron.com [mailto:Kay.Mann@enron.com] Sent: Tuesday, May 01, 2001 3:55 PM To: gregorylang@paulhastings.com; isabel.parker@freshfields.com Cc: ccampbell@kslaw.com; kent.shoemaker@ae.ge.com Subject: GE guaranty, opinion of counsel and letter of credit In conversations with GE, it is their understanding that their guaranty will not be transmitted until there is a fed ref number tomorrow. The opinion letter will be faxed as soon as the GC is available, or Kent can sign for Dan Rowley if that is acceptable. DRowley can sign originals on Thursday. The LOC is in the works, and GE understands that 10% will be retained in escrow until the LOC is delivered. There will be three original opinions. There is one original guaranty, and I'm not certain of GE's willingness to give more than that. Obviously, there will be only one LOC. Kay
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