Problem: BODY: I have made the suggested corrections and made a few minor adjustments to the format of the Deferred Premium Commodity Cap you were working on. Please note that the Premium Payment Date is on the first page to indicate that such premium is deferred until settlement and calcuated in accordance with the Cash Settlement Amount provisions. After review of the structure it occurred to me that this transaction could be drafted as a modified fixed basis swap. The swap format is much simpler to document and easier to understand the respective payment obligations. It might make it easier for the counterparty to follow the intended payment obligations. Please let me know if you have any questions or comments. Regards,
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A: SUBJECT: Defferred Premium Cap

Problem: BODY: If you have not already taken your drug test , please do so by Tuesday, 5th February. This process needs to be completed and results fed back to UBS prior to your start date. You cannot commence employment with UBS until they have this data which takes approximately 5 days from date of test. If for any reason you cannot take this test by tomorrow, please advise. Also, if you have completed your test please let me know so I can update the UBS records. Regards,
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A: SUBJECT: URGENT URGENT URGENT - DRUG TEST

Problem: BODY: We have previously told the TX PUC Staff we will be posting required collateral of $100,000 by the end of the month (as required by Rule 25.107(f)) in order to maintain EES certification. The requirement is that we maintain "unused cash resources of at least $100,000, which will allow the REP to incur in Texas up to $250,000 in total monthly billings from TDUs." Staff says we can meet this requirement by posting the $$ to an account of our choice. We just need to notify them where the money is and state the money is for the purpose of this rule.
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A:
SUBJECT: TX Collateral posting