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- Subject: re : exxon company , usa global # 96035668 / sitara # 212225
- i have re - checked sitara & verified that the above deal was a term , firm
- deal . this resulted in a gtc purchase firm contract being set - up in the
- global contracts system . the term of the gtc was set as the term of the deal
- ( 4 / 1 / 00 thru 3 / 31 / 01 ) with no evergreen , meaning that the contract will
- expire at the end of this month .
- to the best of my knowledge , all gtc purchase firms have the same language &
- they do not have evergreen . they expire at the end of the primary term .
- so , unless exxon negotiated a deal with different , special language to allow
- for evergreen & included something about a " 10 day notification " to
- terminate , there isn ' t any reason to " terminate " this contract .
- if this is the case , please advise . otherwise , i don ' t think we need to do
- anything . the contract will expire at the end of this month on its own .
- elsa villarreal
- 03 / 15 / 2001 02 : 42 pm
- to : amelia alland / hou / ect @ ect , cheryl dudley / hou / ect @ ect
- cc : daren j farmer / hou / ect @ ect
- subject : exxon company , usa global # 96035668 / sitara # 212225
- please prepare and send a termination letter by tomorrow march 16 , 2001 on
- the above referenced deal . houston pipe line company has not renegotiated a
- price and have no interest in buying the gas on an evergreen basis . it is my
- understanding that we need to notify them within 10 days of the end of the
- delivery period
- . if you need any additional information or have any questions , please
- contact me at 35656 . thanks . emv
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