|
|
Enron Mail |
FYI
----- Forwarded by Sara Shackleton/HOU/ECT on 07/24/2000 09:12 AM ----- Susan Bailey 07/19/2000 05:28 PM To: Sara Shackleton/HOU/ECT@ECT cc: Subject: Pan Canadian Energy Services ("PCES") Sara, As way of background, Carol has been working on an ISDA with PCES. I had advised our PCES contact that I was unable to attend to this before my departure. As you know, PCES is a "Top Ten", therefore, you may want to pass this message onto to someone to handle. FYI: Our PCES contact is out of the office until August 2nd, but you may want to tackle anyway. The PCES file can be found in the file drawers for "green files". Thanks. Susan S. Bailey Enron North America Corp. 1400 Smith Street, Suite 3806A Houston, Texas 77002 Phone: (713) 853-4737 Fax: (713) 646-3490 E:mail: Susan.Bailey@enron.com ----- Forwarded by Susan Bailey/HOU/ECT on 07/19/2000 05:20 PM ----- "Rick Tucker" <RTUCKER@PCENERGY.COM< 07/13/2000 03:40 PM To: susan.bailey@enron.com cc: Harry Wijsman <Harry_Wijsman@pancanadian.ca< Subject: Enron ISDA Susan, We are definitely getting closer to bringing this ISDA agreement to a close. I reviewed with the Calgary office the latest draft you e-mailed; listed below are the remaining questions: Part 1 of the Schedule; subitem (k) with reference to romanette (ix) - the term "Performance Assurance" should be changed to "Eligible Credit Assurance" (same as in subitem (f) of Part 1). Part 4 of the Schedule; subitem (h) Governing Law - question was asked about Texas being the choice of law as opposed to New York. Our understanding is that the ISDA was structured under the guidance of New York law and request that Governing Law be changed to New York. Paragraph 13©(iv), Notification Time - request that the time be changed to 1:00 p.m. Paragraph 13 - the remaining issues (listed below) will be discussed by Mr. Harry Wijsman in Calgary's Credit Department with Mr. Bill Bradford. These same issues were discussed during the ISDA negotiations with PanCanadian Petroleum and Enron's Canada office. The items are: Paragraph 13(b)(iv)(C) - Minimum Transfer Amount Paragraph 13(g)(ii)(2) - Use of Posted Collateral Paragraph 13(m)(i) - Material Adverse Change Irrevocable Transfer Letter of Credit: transferability and automatic extension language. Your assistance over this time period of negotiating has been appreciated very much. FYI: I will be leaving for vacation on Thursday, July 20 and back in the office on Wednesday, August 2. If you have any questions, please contact me at 713-331-5049. Best regards, Rick
|