Message-ID: <6411146.1075861922322.JavaMail.evans@thyme> Date: Wed, 14 Nov 2001 10:47:46 -0800 (PST) From: tanya.rohauer@enron.com To: marie.heard@enron.com Subject: RE: BNPP/Enron Master Netting, Setoff, and Security Agreement Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit X-From: Rohauer, Tanya X-To: Heard, Marie X-cc: X-bcc: X-Folder: \MHEARD (Non-Privileged)\Heard, Marie\Inbox X-Origin: Heard-M X-FileName: MHEARD (Non-Privileged).pst Enron Capital & Trade Resources Limited london entity for uk gas -----Original Message----- From: Heard, Marie Sent: Wednesday, November 14, 2001 9:34 AM To: Rohauer, Tanya Subject: FW: BNPP/Enron Master Netting, Setoff, and Security Agreement Who is ECTD? -----Original Message----- From: Murphy, Harlan Sent: Tuesday, November 13, 2001 7:09 PM To: Heard, Marie Subject: FW: BNPP/Enron Master Netting, Setoff, and Security Agreement Harlan E. Murphy Enron Wholesale Services - Legal 1400 Smith Street, EB 3811 Houston, Texas 77002 Tel: 713.345.2679 Fax: 713.646.3490 E-mail: Harlan.Murphy@Enron.com -----Original Message----- From: Rohauer, Tanya Sent: Tuesday, November 13, 2001 6:25 PM To: Murphy, Harlan Cc: Schneider, Chip; St. Clair, Carol Subject: FW: BNPP/Enron Master Netting, Setoff, and Security Agreement Transactions to be included: ENA/ BNPP ISDA ECTRIC/BNPP ISDA ECL/BNPP ISDA ECTD/BNPP physical UK gas business Bill does not want to include any of the brokerage agreeements. Also, I beleive we have kept Metals out of everyhting thus far and should continue to do so. One point of note in the document is section 2 BNPP appears to have modified the language such that the Non Defaulting party can cherry pick which agreements it wants to terminate - this is unacceptable. To be honest, I am going to need your help walking me through this document as they have changed so much I am unclear in many instances what their changes accomplish. Please advise. Thanks, Tanya -----Original Message----- From: Murphy, Harlan Sent: Monday, November 12, 2001 11:02 AM To: Rohauer, Tanya Subject: FW: BNPP/Enron Master Netting, Setoff, and Security Agreement Harlan E. Murphy Enron Wholesale Services - Legal 1400 Smith Street, EB 3811 Houston, Texas 77002 Tel: 713.345.2679 Fax: 713.646.3490 E-mail: Harlan.Murphy@Enron.com -----Original Message----- From: "Lech Kalembka" @ENRON Sent: Monday, November 12, 2001 9:23 AM To: Murphy, Harlan Subject: BNPP/Enron Master Netting, Setoff, and Security Agreement Lech Kalembka Cadwalader, Wickersham & Taft 100 Maiden Lane New York, NY 10038 Tel.: (212) 504-6918 Fax: (212) 504-6666 E-mail: lech.kalembka@cwt.com ----- Forwarded by Lech Kalembka/NY/CWT on 11/12/2001 10:20 AM ----- "David Rosen" cc: SFPacious@aol.com, Office: shaun.pacious@americas.bnppariba s.com, sgrosshandler@cgsh.com, 11/11/2001 john.powers@americas.bnpparibas. 05:49 PM com, jpowers01@aol.com, drosen@cgsh.com Subject: BNPP/Enron Master Netting, Setoff, and Security Agreement Dear Lech: I have attached a version of the proposed Master Netting, Setoff, and Security Agreement between Enron Group and BNP Paribas Group, subject to BNP Paribas' review, along with a redline against Enron's form. I have also faxed the same to you at 212 945-2911. We would like to discuss the draft with you tomorrow morning with a view to its execution by tomorrow afternoon. Seth may be reached at 212 572-5317, and I may be reached at 212 572-5398. Yours truly, David Rosen Not yet admitted to the bar Temporary Location Information: Cleary Gottlieb Steen & Hamilton 153 E. 53rd Street (Citigroup Center) 38th Floor New York, NY 10022 Phone: (212) 572-5398 Home: (201) 876-0278 Mobile: (646) 479-3283 Fax: (212) 572-5399 Email: drosen@cgsh.com; dcrosen@home.com This message is being sent from a law firm and may contain information which is confidential or privileged. If you are not the intended recipient, please advise the sender immediately by reply e-mail and delete this message and any attachments without retaining a copy. (See attached file: Master Netting (redline against Enron Form).doc) (See attached file: MASTER NETTING.doc) ============================================================================== NOTE: The information in this email is confidential and may be legally privileged. If you are not the intended recipient, you must not read, use or disseminate the information. Although this email and any attachments are believed to be free of any virus or other defect that might affect any computer system into which it is received and opened, it is the responsibility of the recipient to ensure that it is virus free and no responsibility is accepted by Cadwalader, Wickersham & Taft for any loss or damage arising in any way from its use. ============================================================================== - Master Netting (redline against Enron Form).doc << File: Master Netting (redline against Enron Form).doc >> - MASTER NETTING.doc << File: MASTER NETTING.doc >>