QUESTION: Tanya: There's no short answer with these people! I think we are fine with their setoff language (part A only) because the NDP always has the option to permit setoff to other agreements between the parties as to amounts payable by the Payee to the Payer (where the Payer owes money under the ISDA to the Payee). So here's my recommendation: (1) Call your friend Andre and hear what he has to say. He has some kind of suggestion about Part (B) and limiting the NDP's payment to the DP to be based upon satisfaction that "nondisputed" amounts having been paid by the DP. Will he also raise the "other agreements" issue here? Not a clue. (2) If Cargill leaves part A in tact and we agree to change part B, I'M FINE. (I'm fine without part B, actually) (3) The potential problem is that Cargill and ENA view part A differently, right off the bat. I think Cargill is wrong because they don't read part A as applying to "other agreements between the parties". But Cargill proposed part A and it DOES apply to "other agreememts between the parties." I don't want to start off on the wrong foot so I'm sure I'll have to discuss this again with Marty. Thanks for your continued help. Sara
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QUESTION: Jeff: Congratulations on the work you have been doing at Enron. It must be an exciting time for you and I enjoy watching the company grow under your direction. On a different note, my firm has continued to expand it's business practices. We have been working with companies like Shell, Texaco, Coca-Cola, Dell Computer, Bristol-Myers Squibb and others. I would very much appreciate having the opportunity to meet with your head of human resources (or anyone you feel appropriate) to present our capabilities. Any assistance you could provide in this area would certainly be appreciated. Thanks again and look forward to staying in touch.
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QUESTION: Get Connected with e-Statements. Sign up for Electronic Statements from Enron Federal Credit Union by November 15 to be entered into a contest to win a Palm Vx! Log on to www.enronfcu.com to apply or for more information.
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