Lehman Brothers Financial SA (LEHNQ)

[cottonisking]

A breach is a breach!

breach/breCH/
noun
an act of breaking or failing to observe a law, agreement, or code of conduct.
a gap in a wall, barrier, or defense, especially one made by an attacking army.

verb
make a gap in and break through (a wall, barrier, or defense).
(of a whale) rise and break through the surface of the water.





*** LBHI Docket 280 ***

Quote:
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ASSET PURCHASE AGREEMENT
AMONG
LEHMAN BROTHERS HOLDINGS INC.
LB 745 LLC
AND
BARCLAYS CAPITAL INC.

Dated as of September 16, 2008

.
.
.
.

2.4 Excluded Liabilities

(a)

(b)

(c)

(d)

(e) all Liabilities relating to amounts required to be paid by Seller, hereunder, including upon any breach;

(f)

(g)

page 12 of 42
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***

LBHI Docket 280 - Clarification Letter

Quote:
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BARCLAYS CAPITAL INC.

As of September 20, 2008

.
.
.

6. Subordinated Notes of LBI. The outstanding subordinated notes of LBI are not Assumed Liabilities, and such subordinated notes and any Liabilities associated with such subordinated notes therefore are Excluded Liabilities.


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