Message-ID: <6818754.1075846084404.JavaMail.evans@thyme>
Date: Fri, 22 Dec 2000 01:17:00 -0800 (PST)
From: kay.mann@enron.com
To: jkeffer@kslaw.com, ccampbell@kslaw.com
Subject: Intergen - Escrow
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I asked Fred to check into what it would take to have Enron set up a third 
party escrow arrangement.

Kay
---------------------- Forwarded by Kay Mann/Corp/Enron on 12/22/2000 09:15 
AM ---------------------------


Fred Mitro@ECT
12/22/2000 08:59 AM
To: Kay Mann/Corp/Enron@Enron
cc: Raimund Grube/Corp/Enron@ENRON, Ben Jacoby/HOU/ECT@ECT, Rebecca 
Walker/NA/Enron@Enron, Mary Perkins/HOU/ECT@ECT 

Subject: Intergen - Escrow

I spoke with Mary Perkins in Treasury.  She indicated that we are currently 
working with Chase Bank and City Bank for our third party escrow Agreements.  
Mary will forward Kay and I electronic copies of both of their standard 
agreements.  The timeline for a standard agreement is at least 3 days and 
increases with the level of complexity of the Escrow Agreement's terms & 
conditions.  The cost for either bank to set-up and administer the escrow 
would be approximately $5-$10K, with additional cost if the Agreement was 
overly complex.

Kay:  Call me to discuss our proposed Escrow Agreement T&C's and how a draft 
form of this Agreement should be best incorporated into the transaction 
documents.  At a minimum, we should attach it as a sample form and have the 
Letter Agreement(s) contain "substantially in conformance with" language.

Fred