Lehman Brothers Financial SA (LEHNQ)

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❤️💰 For the avoidance of doubt, 💰❤️



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then Lehman Brothers Holdings will not, and will not permit any subsidiary to:

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make any payment of principal, interest or premium, if any, on or repay, repurchase or redeem any debt securities of Lehman Brothers Holdings that rank on a parity with or junior in interest to the junior subordinated debt securities or make any guarantee payments with respect to any guarantee by Lehman Brothers Holdings of the debt securities of any subsidiary of Lehman Brothers Holdings if such guarantee ranks on a parity with or junior in interest to such junior subordinated debt securities, other than

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Source: CTs' Prospectuses 👁️🦍


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2. 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. In accordance
with the Framework Agreement (about which prior notifications have been published on
the website maintained by the Joint Administrators), a total of £187,187,072 is being
distributed in respect of the Company’s unsecured, non-preferential subordinated
liabilities.

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