The lease is freely assignable. The lien rights are based not contractual, but exist in Texas law.  I used to have some info on Texas lien law, don't remember if I still do. I haven't worked a warehouseman lien issue. However, in general it is one thing to have a lien, and another to be able to foreclose on it, especially that quickly. In short, I don't know if whatever Morris is saying they will do in the timeframe described is permissible. 

Rigby, you have any info on warehouseman liens in Texas?

Still looking for a copy of the letter from Morris. My fax number is 63491 if someone has it handy.

Thanks,

Kay

 -----Original Message-----
From: 	Zisman, Stuart  
Sent:	Thursday, December 20, 2001 5:25 PM
To:	Leigh, Lorie; Tapscott, Ron; Jacoby, Ben; Mann, Kay; Schneider, Chip
Subject:	RE: Morris Letter

Please provide me with any comments to the letter.  I can work with Lorie to get it revised and send it out once we receive a consensus.

 -----Original Message-----
From: 	Leigh, Lorie  
Sent:	Thursday, December 20, 2001 5:23 PM
To:	Tapscott, Ron; Jacoby, Ben; Mann, Kay; Zisman, Stuart; Schneider, Chip
Subject:	Morris Letter

 << File: morris_ltr_122001.pdf >> 

Lorie Albrecht
Senior Admin. Asst.
Enron East Power Generation Development
Office: 713-853-1696