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Enron Mail |
You had done the master and it appears restricted. Could you look at this
one? Karolina Moran is preparing a credit worksheet to forward to us. Thanks. Cordially, Mary Cook Enron North America Corp. 1400 Smith, 38th Floor, Legal Houston, Texas 77002-7361 (713) 345-7732 (phone) (713) 646-3490 (fax) mary.cook@enron.com ----- Forwarded by Mary Cook/HOU/ECT on 05/10/2001 10:22 AM ----- Rod Nelson 05/10/2001 09:58 AM To: Jorge A Garcia/NA/Enron@ENRON cc: Karolina Moran/LON/ECT@ECT, Mary Cook/HOU/ECT@ECT Subject: Re: Enron Teeside Operating Limited Karolina in my group will contact Mark. Karolina investigated the transaction and transacting entity to ensure that no CredReserve was required. She will also ensure the documentation is acceptable. Typically, on deals such as this (financing related) the lender will dictate the terms - to avoid subordination or early termination events. Rod To: Rod Nelson/LON/ECT@ECT cc: Laurel Adams/HOU/ECT@ECT Subject: Enron Teeside Operating Limited Good Afternoon Rod, I wanted to follow up with you regarding Credit Approval for the Interest Rate Swap that Aaron Armstrong negotiated on 5/1/01. I spoke with Mary Cook, Legal in Houston, and she stated that she requires a Credit Approval Term Sheet from you. She said she would be happy to prepare the Master ISDA Agreement for us. In the event you haven't received the terms of the Interest Rate Swap from Aaron, here they are:. Trade Date: 5/1/01 Effective Date: 1/1/2002 Maturity Date: 12/31/04 Notional Amount: GBP 103,180,000.00 Fixed Rate Payer: Enron North America Corp. Floating Rate Payer: Enron Teeside Operating Limited Fixed Rate: 5.61 Floating Rate Index: GBP 6 month Libor T3750*1 Index Spread: 0 Structure: Bullet Fixed Rate Day Count: ACT/365 Floating Rate Day Count: ACT/365 Fixed Rate Payment Frequency: Semi-Annually First Payment Date: 6/30/2002 Subject to the "Modified Following Business Day Convention" Floating Rate Payment Frequency: Semi-Annually First Payment Date: 6/30/2002 (Subject to the "Modified Following Business Day Convention") Calculation Method: Simple Payment Holidays: London Please advise when you have provided Mary with the Credit Approval Term Sheet so I can follow up with her for the Master ISDA Agreement. Mary Cook's direct phone number is 713/345-7732. Thanks in advance for your assistance in this matter. Regards, Jorge
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