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Giving notice to WestLB for Elektrobolt
Due to Rose being out of town, I thought I would respond to a question concerning giving notice to WestLB, and the preparation of the assignment and assumption agreement. The giving of written notice to WestLB may result in the equipment being subject to the notice coming on the balance sheet. If there is a subsequent problem in closing, the equipment is tainted. I believe Enron has coordinated this with WestLB, so that the notice period can be shortened until there is a certainty of closing. A&K has prepared the assignment and assumption agreements in the past, and I will go out on a limb and suggest that they conform their form for this transaction. We will have a couple of changes in the GE consent and assignment agreement, based on changes requested by WestLB in connection with the TurboPark transaction. I'll make the changes. Hope this information is helpful. Kay