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Enron Mail |
Hey! What are you doing sending this message instead of tuning in our our =
exciting meeting?----cgy -----Original Message----- From: Sager, Elizabeth=20 Sent: Thursday, November 01, 2001 1:05 PM To: Hall, Steve C. (Legal); Yoder, Christian; Portz, David; Murphy, Harlan;= Nettelton, Marcus; Bradford, William S.; Ngo, Tracy; Sacks, Edward Cc: Cook, Mary; Murphy, Melissa Ann Subject: FW: 3-WAY CONFIRM TEMPLATE.doc =20 The following is language to be added into the confirmations produced for t= he "Ring-Fenced Trade", also known as a "Three Way Reducing Trade" In this= trade, the three parties involved each buy and sell power at below market = rates. Attached is schematic of the trade. Call with any questions. =20 =20 =20 Elizabeth Sager=20 713-853-6349=20 -----Original Message----- From: Taylor, Mark E (Legal)=20 Sent: Thursday, November 01, 2001 1:26 PM To: Sager, Elizabeth Subject: FW: 3-WAY CONFIRM TEMPLATE.doc =20 -----Original Message----- From: Taylor, Mark E (Legal)=20 Sent: Wednesday, October 31, 2001 10:56 AM To: Bradford, William S. Subject: 3-WAY CONFIRM TEMPLATE.doc Each of the parties to this Agreement recognizes and acknowledges that the = parties are acting and agreeing to perform their obligations hereunder in r= eliance upon (i) the timely execution and delivery by [legal name of other = counterparty] ("Third Party") and Party A of a transaction in substantially= the form attached hereto as Exhibit A ("Third Party Transaction A") and wo= uld not otherwise agree to execute, deliver and perform under this Agreemen= t if Third Party and Party A were not contemporaneously executing and deliv= ering Third Party Transaction A and (ii) the timely execution and delivery = by Third Party and Party B of a transaction in substantially the form attac= hed hereto as Exhibit B ("Third party Transaction B") and would not otherwi= se agree to execute, deliver and perform under this Agreement if Third Part= y and Party B were not contemporaneously executing and delivering Third par= ty Transaction B. The effectiveness of this Agreement shall be subject to = the condition that contemporaneously with the execution and delivery of thi= s Agreement Party A and Third Party execute and deliver Third Party Transac= tion A and Party B and Third Party execute and deliver Third Party Transact= ion B.
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