David: Here is a draft of the ETA amendment letter that we have been discussing with  Kennecott.
It includes my proposed modifications to deal with giving them  the termination right which I have highlighted.
The current ETA states that  all notices become effective immediately.
I have inserted in my language a 3  day period after we receive a termination notice before it becomes  effective.
This creates a difference between Us and our Counterparty's since  our termination notice would become effective immediately.
What do you  think?
Do we need this 3 day period or are you okay with having their  termination notice becoming effective on the date of our receipt?
Carol

kennecott
David: Here is a draft of the ETA amendment letter that we have been discussing with Kennecott.
It includes my proposed modifications to deal with giving them the termination right which I have highlighted.
The current ETA states that all notices become effective immediately.
I have inserted in my language a <NUMBER> day period after we receive a termination notice before it becomes effective.
This creates a difference between Us and our Counterparty's since our termination notice would become effective immediately.
What do you think?
Do we need this <NUMBER> day period or are you okay with having their termination notice becoming effective on the date of our receipt?
Carol
discussing kennecott termination notice effective amendment difference counterparty period okay right highlighted receive david draft eta language number day