Hey!  What are you doing sending this message instead of tuning in our our exciting meeting?----cgy
-----Original Message-----
From: Sager, Elizabeth 
Sent: Thursday, November 01, 2001 1:05 PM
To: Hall, Steve C. (Legal); Yoder, Christian; Portz, David; Murphy, Harlan; Nettelton, Marcus; Bradford, William S.; Ngo, Tracy; Sacks, Edward
Cc: Cook, Mary; Murphy, Melissa Ann
Subject: FW: 3-WAY CONFIRM TEMPLATE.doc


 
The following is language to be added into the confirmations produced for the "Ring-Fenced Trade", also known as a "Three Way Reducing Trade"  In this trade, the three parties involved each buy and sell power at below market rates. Attached is schematic of the trade.  Call with any questions.
 
 
 
Elizabeth Sager 
713-853-6349 
-----Original Message-----
From: Taylor, Mark E (Legal) 
Sent: Thursday, November 01, 2001 1:26 PM
To: Sager, Elizabeth
Subject: FW: 3-WAY CONFIRM TEMPLATE.doc


 
-----Original Message-----
From: Taylor, Mark E (Legal) 
Sent: Wednesday, October 31, 2001 10:56 AM
To: Bradford, William S.
Subject: 3-WAY CONFIRM TEMPLATE.doc


Each of the parties to this Agreement recognizes and acknowledges that the parties are acting and agreeing to perform their obligations hereunder in reliance upon (i) the timely execution and delivery by [legal name of other counterparty] ("Third Party") and Party A of a transaction in substantially the form attached hereto as Exhibit A ("Third Party Transaction A") and would not otherwise agree to execute, deliver and perform under this Agreement if Third Party and Party A were not contemporaneously executing and delivering Third Party Transaction A and (ii) the timely execution and delivery by Third Party and Party B of a transaction in substantially the form attached hereto as Exhibit B ("Third party Transaction B") and would not otherwise agree to execute, deliver and perform under this Agreement if Third Party and Party B were not contemporaneously executing and delivering Third party Transaction B.  The effectiveness of this Agreement shall be subject to the condition that contemporaneously with the execution and delivery of this Agreement Party A and Third Party execute and deliver Third Party Transaction A and Party B and Third Party execute and deliver Third Party Transaction B.