
Date: Fri, 16 Mar 2001 00:58:00 -0800 (PST)
From: cheryl.dudley@enron.com
To: elsa.villarreal@enron.com
Subject: Re: Exxon Company, USA Global # 96035668/Sitara # 212225
Cc: amelia.alland@enron.com, daren.farmer@enron.com, kimberlee.bennick@enron.com
Bcc: amelia.alland@enron.com, daren.farmer@enron.com, kimberlee.bennick@enron.com

I have re-checked Sitara & verified that the above deal was a Term, Firm
deal.  This resulted in a GTC Purchase Firm contract being set-up in the
Global Contracts System.  The term of the GTC was set as the term of the deal
(4/1/00 thru 3/31/01) with no evergreen, meaning that the contract will
expire at the end of this month.

To the best of my knowledge, all GTC Purchase Firms have the same language &
they do not have evergreen.  They expire at the end of the primary term.

So, unless Exxon negotiated a deal with different, special language to allow
for evergreen & included something about a "10 day notification" to
terminate, there isn't any reason to "terminate" this contract.

If this is the case, please advise.  Otherwise, I don't think we need to do
anything.  The contract will expire at the end of this month on its own.






