Enron Mail |
---------------------- Forwarded by Don Miller/HOU/ECT on 05/17/2000 08:12 PM
--------------------------- From: Stuart Zisman on 05/17/2000 10:01 AM To: Don Miller/HOU/ECT@ECT cc: Lance Schuler-Legal/HOU/ECT@ECT, Jordan Mintz/HOU/ECT@ECT Subject: Revised JV Term Sheet for E2 Attached is the JV Term Sheet that was originally drafted by Lance which I have revised in the following ways: 1) The concept of having 25% of the aggregate consideration supported by a letter of credit or otherwise payable in cash has been added. 2) The bracketed questions/comments relating to (1) Purchaser's potential ability to effect a tax free contribution without requiring the establishment by the issuer of a holding company and (2) the request for confirmation about non-compete arrangements and development opportunities, have been deleted [JORDAN - PLEASE ADVISE IF THIS IS PROBLEMATIC] 3) The Doyle and Calumet facilities have been removed from Annex A 4) The entity names for the Wheatland and Lincoln Sites have been inserted. Please call asap with any questions or comments Stuart
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