Message-ID: <5248417.1075858587096.JavaMail.evans@thyme> Date: Wed, 1 Aug 2001 08:31:28 -0700 (PDT) From: pinto.leite@enron.com To: legal <.taylor@enron.com> Subject: Proposed Form Change Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit X-From: Leite, Francisco Pinto X-To: Taylor, Mark E (Legal) X-cc: X-bcc: X-Folder: \MTAYLO1 (Non-Privileged)\Taylor, Mark E (Legal)\Archive\2001/08 X-Origin: Taylor-M X-FileName: MTAYLO1 (Non-Privileged).pst From day one I had a problem with the counterintuitive language we have in Part 4 (f) of the Schedule about Netting. In addition to being counterintuitive, I have a really hard time explaining it to my Mexican counterparties. I would like to propose the language below. I believe it leaves no room for interpretation and everybody will understand it immediately. "The limitation set forth in subparagraph (ii) of Section 2(c) of this Agreement will not apply and any netting pursuant to Section 2(c) will apply across all Transactions under this Agreement" Francisco Pinto-Leite Enron Americas 1400 Smith Street, EB 3888 Houston, TX 77002-7361 Tel: 713-345-7942 Fax:713-646-3490 fleite@enron.com