The ECAPS' and CTs' note holders for this agreement and distribution are listed below:
A distribution in respect of the Company’s unsecured, non-preferential subordinated liabilities in accordance with the Framework Agreement recently entered into by, amongst others, the Company and LB GP No1 Limited (in liquidation), Lehman Brothers UK Capital Funding LP, Lehman Brothers UK Capital Funding II LP, Lehman Brothers UK Capital Funding III LP and LBHI as the holders of relevant subordinated liabilities.
The Partnerships and Trusts should hold all the notes via the property Trustee, BNYM. However, this is an agreement or contract.
What will LBHI do with their share of this cash? No Idea, but the partnerships listed above will pay their ECAPS' Holders.