Mark: Just 2 thoughts on the new draft: 1. In the definition of Global Early Termination Date, how does this work with the new Section 16 concept that Alicia has added to the Schedules whereby the termination of Transactions that raise Section 16 problems may be delayed? 2. Does Section 5.06 conflict at all with the proviso in the Limitation of Liability sections of both Schedules? Carol
Answer: Master Hedging Agreement
Let's see, got a freebie at the Blue Agave last night (Mexican food), they fed us Curmley's (crossaint sandwiches and tortilla soup) yesterday, breakfast yesterday and today and tomorrow and Monday. I wonder what's for lunch tomorrow? And I wonder why I have such a hard time loosing weight.
Answer: Hmm
FYI. Calger is in active talks with Freeman and DWR lawyers about the offer letter we submitted on Tuesday. Freeman's very anxious to do a deal for 200 MWs from the West Desk and then start talking about a deal for power from Parquet's Pastoria plant. Credit is of course the issue and Calger's told them that unless the credit issue is bulletproof it's not going to work. See Chris' comments below. It looks like progress is being made, but the details will make it or break it. Any thoughts? Might make sense to discuss on the call. Please forward along to others. Thanks. Best,
Answer: CDWR Credit Proposal
All: Attached are the following docs: (1) Talon I LLC/Harrier I LLC equity swap confirm (2) Harrier I LLC/EBS Investments, L.L.C. equity swap confirm (3) revised ISDA Master Agreement Schedule for Harrier I LLC and EBS Investments, L.L.C. Please review and provide me with your comments. I do not have all necessary address and account information. The swaps are subject to the ISDA 1996 Equity Derivatives Definitions. Section 7.4 (of those Definitions) contains the payment obligations and provides that the Equity Amount Payer pays a positive Equity Amount and "the other party" pays the absolute value of a negative Equity Amount. Also, I believe that Accounting Issue 00-19 is inapplicable to this Total Return Swap or else we may have issues with the "Extraordinary Events" elections. Sara
Answer:
Raptor: Talon/Harrier/EBS Investments, L.L.C.