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Enron Mail |
per my vm
----- Forwarded by Elizabeth Sager/HOU/ECT on 11/15/2000 12:34 PM ----- John Lamb@ENRON 11/15/2000 11:58 AM To: Mike Curry/HOU/ECT@ECT, David Portz/HOU/ECT@ECT, Elizabeth Sager/HOU/ECT@ECT, Clement Abrams/Corp/Enron@ENRON cc: Michael Payne/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT Subject: Enron Guaranties for Indian Mesa II PPA & GSPA Attached are clean and blacklined drafts of the Enron guaranties to be made in support of EPMI's obligations under the Indian Mesa II Renewable Energy Purchase Agreement ("PPA") and Green Premium Sharing Agreement ("GSPA").? The guaranty for the PPA is blacklined against the Enron EPC Contract guaranty in favor of the banks which was granted in connection with our Cabazon Wind Power Project (the project most recently financed by EWC) and the GPSA guaranty is blacklined against the PPA guaranty. As we discussed last week, since the Enron guaranties will need to be in a form that will acceptable to our project lenders and equity participants, we thought that we should start with a form that was used in our last financing and that was negotiated by Enron and the banks. We plan to use the same basic form for the Enron guaranty that will be made in favor of EPMI with respect to the seller's obligations under the PPA. We will forward the draft of that guaranty to you later today. Please feel free to give me a call if you have any questions concerning the attached guaranties. Thank you. - PPA Guaranty.doc - GPSA Guaranty.doc - REDLINE GPSA Guaranty.doc - REDLINE PPA Guaranty.doc
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