Here it is, Sara.



-----Original Message-----
From: Ladas, Michael [mailto:Michael.Ladas@lehman.com]
Sent: Friday, September 28, 2001 1:28 PM
To: Despain, Tim; Armogida, Jim; Freeland, Clint
Cc: Karna, Angie; Hackmann, Russell
Subject: RE: Re: confirmation of agreement--Enron


Tim - we are comfortable with the changes to the definition of "material"
given that Lehman is not entering the market as a result of "rolling" the
transaction.  Should we amend the transaction in or enter in any future
transaction where we enter the market on behalf of ENE, we would require the
"standard" definition of "material.

Mike Ladas
p.201-524-2279
c.646.319.3220
e.mladas@lehman.com

> -----Original Message-----
> From:	Despain, Tim [SMTP:Tim.DeSpain@ENRON.com]
> Sent:	Friday, September 28, 2001 1:25 PM
> To:	Ladas, Michael
> Subject:	FW: Re: confirmation of agreement--Enron
> 
> 
> As discussed.
> 
> Tim
> 
> 
> >  -----Original Message-----
> > From: 	Armogida, Jim  
> > Sent:	Friday, September 28, 2001 11:42 AM
> > To:	'rhackman@lehman.com'
> > Cc:	Freeland, Clint; Glisan, Ben; Despain, Tim; Walls Jr., Rob;
> > Rogers, Rex
> > Subject:	Re: confirmation of agreement--Enron
> > 
> > Russ--Clint is out today, but the confirmation document is fine except
> > that there is a tweak we need to make to the definition of "material"
> > information contained in the representation by Party B in the
> > confirmation.  It should read as follows:
> > 
> > 	"Material" information for these purposes is any information to
> > which Party A would reasonably attach importance in entering into this
> > Transaction or placing any order with respect to this Transaction.
> > 
> > 
> > I assume this is satisfactory.  If not or you would otherwise like to
> > discuss it, please contact Rex Rogers at 853-3069 since I will be out
> > of the office later today.  Thanks.
> > 
> > 
> > 
> 
> 
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