Message-ID: <31364701.1075854920115.JavaMail.evans@thyme> Date: Fri, 29 Jun 2001 15:43:13 -0700 (PDT) From: marie.heard@enron.com To: dbicker@paloma.com Subject: RE: ISDA Master Agreement Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit X-From: Heard, Marie X-To: 'Dan Bicker @ENRON' X-cc: X-bcc: X-Folder: \MHEARD (Non-Privileged)\Heard, Marie\Sent Items X-Origin: Heard-M X-FileName: MHEARD (Non-Privileged).pst I spoke with Frank about your proposed changes and he was okay with your first change, however, the definition of "Investment Policy" does appear in Section 5(c)(i). What documentation sets forth your investment objectives, restrictions, etc.? Also, do you have any comments to the forms of guaranty agreements attached to the ISDA? Finally, we are awaiting copies of Quark's documents, those of its Manager and those of any other relevant entities so that we can review them and verify that there are no issues that would require delivery of a legal opinion. Thank you for your assistance. Marie Heard Senior Legal Specialist Enron North America Corp. Phone: (713) 853-3907 Fax: (713) 646-3490 marie.heard@enron.com -----Original Message----- From: Dan Bicker @ENRON [mailto:IMCEANOTES-Dan+20Bicker+20+3CDBicker+40paloma+2Ecom+3E+40ENRON@ENRON.com] Sent: Friday, June 29, 2001 12:06 PM To: Heard, Marie Subject: RE: ISDA Master Agreement Marie, Thank you very much for the drafts. I believe we are almost there. Please chack with Frank and see if the following changes are acceptable: 1. Part 5(b)(g)Eligibility. Remove the second rep. for eligible commercial entity. 2. Part 5(p) Additional Definitions. Quark does not have a prospectus. In any case I don't think we need this definition. I think that may be it. Dan -----Original Message----- From: Heard, Marie [mailto:Marie.Heard@ENRON.com] Sent: Wednesday, June 27, 2001 5:44 PM To: DBicker@paloma.com Cc: Abramo, Caroline; Sayre, Frank; Radous, Paul Subject: ISDA Master Agreement Mr. Bicker: Pursuant to Frank Sayre's request, I am attaching a clean and blacklined copy of the draft Schedule to the ISDA Master Agreement, together with the draft Paragraph 13 to the Credit Support Annex, which drafts incorporate the latest comments and revisions. Please do not hesitate to contact us with any questions or comments. Thank you! Marie Heard Senior Legal Specialist Enron North America Corp. Phone: (713) 853-3907 Fax: (713) 646-3490 marie.heard@enron.com <<061Ectr (Quark Power LLC - Hedge Fund).doc>> <<061ECTR (QUARK POWER LLC - HEDGE FUND).RED.DOC>>