This is important---

 -----Original Message-----
From: 	Rance, Susan  
Sent:	Friday, November 30, 2001 11:15 AM
To:	Badeer, Robert; Driscoll, Michael M.; Motley, Matt; Fischer, Mark; Swerzbin, Mike; Belden, Tim; Calger, Christopher F.; Foster, Chris H.; Rosman, Stewart; Buerkle, Jim; Hall, Steve C. (Legal); Yoder, Christian; Postlethwaite, John; Malowney, John; Van Gelder, John; Lackey, Chris; Williams III, Bill; Alonso, Tom; Choi, Paul; Scholtes, Diana; Crandall, Sean; Mallory, Chris; Semperger, Cara; Platter, Phillip
Cc:	Brackett, Debbie R.; Bradford, William S.; Mcginnis, Stephanie; Radous, Paul; Sacks, Edward; Reasoner, Monica
Subject:	Contract Termination . . . .
Importance:	High

Please be advised that:

A counterparty that wants to terminate a contract needs to send a letter of termination via fax to (713) 646-3227
	           The termination letter needs to include:
		1.) List of contracts being terminated
		2.) Calculation of termination payment
		3.) Expectation of payments if applicable
  
A counterparty that unwinds deals does not mean a contract its null and void; the counterparty is still liable for the existing deals governed by the contract

Please forward this on to anyone who needs this information.

Thanks,

Susan
*7086