Subject: how ya doing ?
louise , difficult week for all of us . i hope that you are doing alright given the circumstances .
i expect to have the fully executed documents back from tbg on monday . we will be paying them approx . $ 1 . 8 million to settle jan 1 , 01 through oct 01 and convert the agreement to a baseload transaction beginning nov 1 , 01 . in addition it eliminates a $ 14 mm liability . payment will be made from combination of schedule c and deferred account . will then book between $ 700 k and $ 1 mm . as you are aware , john reviewed this situation several weeks ago and gave the go - ahead . i will contact you monday prior to execution .
frank