Message-ID: <7932663.1075861344479.JavaMail.evans@thyme> Date: Mon, 5 Nov 2001 12:57:47 -0800 (PST) From: geoff.storey@enron.com To: smcginn@reliantenergy.com Subject: Ring language Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: quoted-printable X-From: Storey, Geoff X-To: 'smcginn@reliantenergy.com' X-cc: X-bcc: X-Folder: \GSTOREY (Non-Privileged)\Storey, Geoff\Sent Items X-Origin: Storey-G X-FileName: GSTOREY (Non-Privileged).pst Steve, Here's the language: "Each of the parties to this Agreement recognizes and acknowledges that the= parties are acting and agreeing to perform their obligations hereunder in = reliance upon (i) the timely execution and delivery by [legal name of other= counterparty] ("Third Party") and Party A of a transaction in substantiall= y the form attached hereto as Exhibit A ("Third Party Transaction A") and w= ould not otherwise agree to execute, deliver and perform under this Agreeme= nt if Third Party and Party A were not contemporaneously executing and deli= vering Third Party Transaction A and (ii) the timely execution and delivery= by Third Party and Party B of a transaction in substantially the form atta= ched hereto as Exhibit B ("Third party Transaction B") and would not otherw= ise agree to execute, deliver and perform under this Agreement if Third Par= ty and Party B were not contemporaneously executing and delivering Third pa= rty Transaction B. The effectiveness of this Agreement shall be subject to = the condition that contemporaneously with the execution and delivery of thi= s Agreement Party A and Third Party execute and deliver Third Party Transac= tion A and Party B and Third Party execute and deliver Third Party Transact= ion B." =20 If you have any legal questions feel free to call our lawyer Mark Taylor at= 713-853-7459. Thanks, Geof Storey 713-853-7058 cell 713-412-4632