Mark, Jason and Sara: Deutsche Bank has requested that we make various "Securities Act" reps in the ISDA Schedule in the event that we do equity derivatives. These reps require us and them to say: 1. To the extent that a Transaction involves the purchase and sale of securities, it will not be registered and the securities cannot be sold except pursuant to a reg statement or exemption. 2. Each party is a QIB or an accredited investor. 3. Unless otherwise set forth in a Confirmation, any securities that a party is required to deliver shall not at the time of delivery constitute restricted securities or be subject to restrictions on transfer. What do you think about this? Carol
Answer: Securities Act Reps
We are in the process of preparing a list of all changes to the NETCO as of Friday. These would most likely be people that were offered jobs, turned them down and were replaced. I don't think we have had very many of these yet but I just wanted to verify. If you could get back with me today that would be great. John Lavorato is wanting this report by Tuesday am. Please feel free to call me if you have any questions at 713-516-0324. Thanks! Mandy Curless
Answer: Changes since Friday
Over the last several months, the CommodityLogic team has designed, built, and beta-tested a number of "modules" to create EnronOnline-type capabilities for the mid and back-office. By combining these web-based solutions with the back-office commercialization effort, Enron can now offer its clients a complete suite of operational services unique in the industry. Many of you have also created important pieces in this puzzle, and all of you have valuable client relationships. We'd like to put all of these elements together. Please join our team for a demonstration of the CommodityLogic modules and a discussion on strategy next Thursday, June 14, 2:30 to 3:30, 49C1. If I have excluded anyone from the invitation list that you feel should attend, please let me know. Looking forward to seeing you next week. All the best,
Answer: CommodityLogic, Back-Office Commercialization and You
Mark and Jeff: Trina and i talked about the issue that you raised with me today. Our preference is to structure the language so that it would only trigger an Event of Default under the Swap if the Enron merger caused an Event of Default under the Revolver. At the end of the day, we both felt that this is a call that someone on the commercial side should make, such as either Ben Glisan or Mike Jakubik. Carol
Answer:
Enron Merger Trigger