|
|
Enron Mail |
Kim, Thanks for forwarding the Collateral Assignment document this morning. Our counsel has given it his blessing and we are ready to proceed with execution of the Agreement with on exception. The only change needed from our perspective is the following: SECTION 6, Paragraph (g). Upon termination of the Master Agreement and confirmation from the Secured Party that all obligations thereunder have been satisfied in full in the form attached as Exhibit B hereto, the Escrow Agent shall remit to the Secured Party any funds remaining in the collateral account. We think that the last sentence contains a typographical error, and that it should read ...the Escrow Agent shall remit to the Grantor any funds remaining in the collateral account. Please let me know if your attorneys agree after their review. Thank you for your attention to this matter. Thomas L. Goudie
|