fw update srp margin call original message hall steve c legal sent wednesday november 07 2001 7 30 pm belden tim cc sager elizabeth bradford william ngo tracy subject update srp margin call importance high tim know srp made margin call epmi monday letter seeking 5 5 million margin one contract tracy sent letter back tuesday arguing contract permit srp call additional margin unless ene downgraded junk status srp responded letter afternoon predictably srp disagrees view contract demands margin srp says treat failure post 5 5 million monday november 12 either cash irrevocable letter credit event default terminate contract happens epmi would make payment 5 5 million within 10 days receipt invoice srp know tracy strongly believe contract support srp right call margin time however contract perfect drafted sentence fragment supports position recommend treat srp epmi dispute regarding margining criteria agreement dispute section 17 disputes first submitted authorized representatives company designates authorized representative resolve authorized representatives reach agreement within 30 days dispute forwarded equivalent srp executives executives meet within 30 days resolve issue executives resolve issue within 30 days parties choose arbitration either party take matter court summary best case option gets us 90 days arbitrate litigate issue otherwise better prepare post collateral monday want handle matter taking dispute route send letter tomorrow srp giving notice wish try resolve contract dispute provisions steve also mention tracy informed srp plans issue margin call wspp contracts approximately 4 5 million soon calculates amount due