QUESTION: Rhett: I am going to send to you some revised tax reps that Dresdner Bank would like to use in lieu of what we currently have drafted. Could you please review them and let me know if they are acceptable? Thanks. carol
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ANS: Dresdner Bank Tax Reps
I will be out of the office on Monday and Tuesday of next week. In my absence, Samantha Boyd, a new paralegal in our Group, will forward the Counterparty Approval Lists to you once she receives them from Credit. Please return any responses you might have to me. Thanks!
Q: What is a potential subject line for this email?
answer: Counterparty Approval Lists
John: I was reviewing an amendment that Susan bailey was working on concerning the ISDA Master between ECC and Petro Canada and wanted to make sure that you were comfortable leaving as is the following provisions that are in the Schedules: 1. They have amended the definition of Specified Indebtedness. I'm not sure I understand why if we have a threshold amount they need the first part of the language and wanted your thoughts on this. Alos, does the second part of the language need to be updated or revised in any manner? 2. They have deleted the concept of Credit event Upon Merger. 3. They have added to Specified Transaction a Physical Master Agreement which makes this part of the cross default to specified transaction Event of Default trigger. Should we specify a threshold? 4. They have added an additional termination event that contains some unusual ratings triggers. For example, are we rated by the 2 bond rating services that they describe, and if not, doesn't that trigger clause (2) of this additional Termination Event? I don;'t think the cure language works and I don't understand how it works with the collateral threshold since the trigger for that to go to zero is something else. 5. I'll just note that setoff rights do not currently apply if there is a Termination Event that is caused by Tax Event or Tax Event Upon Merger. 6. In the CSA, we have permitted cash and government securities which I think is problematic given our general rule in Canada that we only take LC's. 7. There is a Minimum Transfer Amount of $500,000. Please call me when convenient to discuss further. Carol
Answer: Petro Canada
Here is an email: Hi Ken, I just wanted to take a moment to thank you for everything you're trying to do for us during this horrible situation. It would have been easy to stay at home (many people would have) and watch events unfold but you had the guts and the heart to come back and take this thing head on. Being a 21+ year Enron/NNG employee, this situation has been heartbreaking... I know you're there too. Many employees are sitting around in a daze over everything we've lost; I've lost everything too, BUT there are SO many things I have in my life that I would never have achieved had it not been for you and your leadership. I am eternally grateful for everything you've done for Enron and for me personally. Hang in there, we still believe in you and this company. God Bless You, Craig Buehler
What is a potential subject line for this email?
A: Thank You
Q: Janie, how are things going for you?? I hope encouraging!! We have some new in-house systems close to being in place, and I am updating all of my Transportation Contracts. Please give me the current name, phone, fax and e-mail address for the main dispatch/nomination person. Thanks,
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A: T30233 - NWNM Off-system Transportation Contract
Here is an email: Mr. Lay, I only heard part of the employee meeting as I had to leave for the airport to return to Puerto Rico but wanted to say that I have all the confidence in the world that under your leadership Enron will return to the great company it is. We have all been through tough times (I use to be a land drilling contractor from 1979 to 1988). This company is sound, with good people who with the right leadership & direction can achieve the goal of being the best company in the world. I have been working with Enron as a contractor since March 99 in Panama, Puerto Rico and the Bahamas (LNG project). I report to Mariella Mahan and Greg Curran. I really enjoy working with Enron and can assure you that you and Enron will always have my loyalty & confidence. I am proud to say I work with Enron and want to do my part to bring this company back. Sincerely,
What is a potential subject line for this email?
A:
I am behind you