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- Subject: re : exxon company , usa global # 96035668 / sitara # 212225
- in response to cheryl ' s note , in looking at a copy of a confirmation letter confirming the proposed agreement reached on march 1 , 2000 to be effective april 1 , 2000 through march 31 , 2001 , there is evergreen language .
- a termination letter is being prepared to be faxed to exxon with an original to follow for their records .
- cheryl , this gtc is different from the ones we usually see in that hpl required signatures from both parties executed by exxon on 3 / 30 / 00 and hpl on 8 / 21 / 00 .
- if you have any questions , please call me at x 35231 .
- thanks , kim
- cheryl dudley
- 03 / 16 / 2001 08 : 58 am
- to : elsa villarreal / hou / ect @ ect
- cc : amelia alland / hou / ect @ ect , daren j farmer / hou / ect @ ect , kimberlee a bennick / hou / ect @ ect
- 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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