Good morning Kim ! ! ! I just wanted to send you a note to say "Hi"... I hope you are doing great. I am on the 37th floor, working with Global contracts (retail) .... Maybe we can meet for lunch one day. Have a good one!!! Elizabeth
Answer: Hello!!!!
Suz, I'm using both addresses since I don't know which one is current. Guess that you had a good time at Monique's and did a little skiing. Hope that work is going as well as it can under the circumstances. We are flying and having a good time out here. It's fun to work with the Navy again. This time it is the carrier Abraham Lincoln and her battle group. mostly we make attacks on her and fighters like F-14s and F-18's come up and intercept us. We are carrying electronic pods which jam and deceive their radars and everybody gets some good training. Yesterday I just got out to the area which is south of San Clemente island off the coast of Southern California and had a generator failure. I was with another A-4 and he continued the mission. I went back to Pt.Mugu and jumped into another airplane and got back out for the second and third runs. The whole thing just about wore me out but it felt good to get the mission accomplished. Love, Dad
Answer: How are you?
1. Be sure to verify that the underlying contracts do not allow cherry picking under any default scenario. If it does, amend the express language. 2. We have made 2 changes to the netting agreement forms on the basis of further review by Leslie Hansen of some provisions in our trading forms. The first change is in paragraph 2(a) to clarify the definition of Default. The second change is in paragraph 14(b) to delete the day limitation on claims of Force Majeure. We feel this should not be included in any physical contract that will be included in a master netting agreement, especially because of the current international situation and security concerns. See attached reline version to read the changes. 3. No changes have been made to the Collateral Annex. 4. Attached below are the new forms. Rather than continue with forms with and without the user notes, I put the user notes in a separate document. They are not at the back of the forms. Simpler. The attached forms are Master Netting & Security Agmnt 10 h a v1 (to use without collateral annex) and Master Netting & Security Agmnt 10 h v1 (to use with collateral annex).
Answer: FORM CHANGES: READ
As we discussed last week, ECT is sending a demand letter to Sonoco for the underpayment of $60,000. I need the attachment which I have identified as merely Exhibit "A" to appear on a single sheet of paper (legal is fine). We discussed your revision to cover the entire term of the swap AND revisions to the month of January, 1999 to reflect ECT's floating price as .33 (which will cause changes to the invoice amount and difference columns). Also, instead of the term "Sonoco Price", I would prefer the caption "Floating Price recognized by Sonoco". Please call if you have questions. Thanks. Sara
Answer:
Sonoco Products Company