Enron Approvals Sample Clauses

Enron Approvals. Enron shall not be bound by and shall not benefit from any rights under this Agreement or the Heads of Terms (save in respect of interest on the basis set out in sub-clause 2.4) until the following conditions subsequent have been satisfied: 9.2.1 the boards of directors of Enron Corp. and ECTRIC have approved ECTRIC executing this Agreement and the Heads of Terms on behalf of ECTEF; and 9.2.2 the entry of a final, non-appealable order by the United States Bankruptcy Court presiding over the chapter 11 cases of Enron Corp. and certain of its subsidiaries (including ECTRIC) approving and authorising this Agreement and the Heads of Terms and the rights and obligations of ECTEF thereunder.