Replies to post #75558 on Lehman Brothers Financial SA (LEHNQ)

[4Duxs]

Thank you cotton.

[stoxjock]

Thanks very much Cotton... Hope we'll hear something positive. GLTU & GLTA.

[JERSEYHAWG]

Thanks cotton / Rick.

I hope it bears some fruit, you been trying harder than anyone.

[ana177223]

Thanks Cotton.
"In this newly created role"!!! Wow ... just now?? At almost the very end of this bankruptcy ?? I can see the reorganization. Can you guys?

[mates]

Impressive Cotton,
Thank you

[wamugold]

That's great Cotton, Thank you!!!

[cottonisking]

LBHI's TRuPS are governed by, and construed in accordance with, English law.

a) Major prospectus language: "with any guarantee now or hereafter entered into by Lehman Brothers Holdings in respect of any preferred securities of any affiliate of Lehman Brothers Holdings,"


b)Statement 1 created as early as March 2003:

"on a parity with the most senior preferred or preference stock now or hereafter issued by Lehman Brothers Holdings and with any guarantee now or hereafter entered into by Lehman Brothers Holdings in respect of any preferred securities of any affiliate of Lehman Brothers Holdings, and"


c) Statement 2 created in March 2005:

"Governing Law: The Limited Partnership Agreement establishing the Issuer, the Preferred Securities and the Subordinated Guarantee will be governed by, and construed in accordance with, English law."

**** Statement from LEHNQ 52520X208 Lehman Brothers Holdings Capital Trust VI Prospectus

"The guarantee will constitute an unsecured obligation of Lehman
Brothers Holdings and will rank:

on a parity with the most senior preferred or preference stock now or
hereafter issued by Lehman Brothers Holdings and with any guarantee now or hereafter entered into by Lehman Brothers Holdings in respect of any preferred securities of any affiliate of Lehman Brothers Holdings, and
"

https://www.sec.gov/Archives/edgar/data/806085/000104746905000357/a2149684z424b2.htm




**********

"LEHMAN BROTHERS UK CAPITAL FUNDING LP
(a limited partnership organised under the laws of England and Wales)
¤225,000,000 Fixed Rate to CMS-Linked Guaranteed Non-voting
Non-cumulative Perpetual Preferred Securities
having the benefit of a subordinated guarantee of
LEHMAN BROTHERS HOLDINGS PLC
(incorporated with limited liability in England and Wales with registered number 1854685)
Issue Price: ¤1,000 Per Preferred Security
The ¤225,000,000 Fixed Rate to CMS-Linked Guaranteed Non-voting Non-cumulative Perpetual Preferred
Securities (the “Preferred Securities”), each with a liquidation preference of ¤1,000, comprising limited
partnership interests in Lehman Brothers UK Capital Funding LP (the “Issuer”), are proposed to be issued on
30th March, 2005 (the “Closing Date”).
.
.
.
Ranking of the Preferred Securities: The Preferred Securities, together with the Subordinated Guarantee,
are intended to provide Holders with rights on liquidation
equivalent to non-cumulative preference shares of the Guarantor,
whether or not issued.
Claims under the Preferred Securities in respect of any Liquidation
Distributions will rank:
(i) senior to the rights of the General Partner and the Preferential
Limited Partner in respect of other partnership interests
issued by the Issuer; and
(ii) junior to the claims of creditors of the Issuer (if any).
Rights upon Liquidation: In the event of the dissolution of the Issuer, Holders will be entitled
to receive, subject as set out below, for each Preferred Security a
Liquidation Distribution out of the assets of the Issuer legally
available for distribution.
LBHI has undertaken that, so long as any of the Preferred Securities
is outstanding:
(a) unless a Trigger Event occurs or LBHI is being wound up,
LBHI will not take any action that would or might cause, the
liquidation, dissolution or winding-up of the General Partner
or the Issuer otherwise than with the prior written approval
of any relevant Supervisory Authority (if required at such
time); and
(b) the General Partner will at all times be a directly or indirectly
wholly owned Subsidiary of LBHI unless (I) otherwise
approved by Holders in accordance with the procedure set
out in the Limited Partnership Agreement or (II) after a
substitution of the Preferred Securities for depositary shares
representing Substituted Preferred Stock has occurred.
.
.
.
Form of the Preferred Securities: The Preferred Securities will be in registered form.
On or about the Closing Date, a single global certificate (the
“Global Certificate”) in respect of the Preferred Securities will be
deposited with JPMorgan Chase Bank N.A., London Branch (the
“Common Depositary”) as common depositary for Euroclear Bank
SA./N.V. as operator of the Euroclear System (“Euroclear”) and
Clearstream Banking, société anonyme (“Clearstream,
Luxembourg”). Such certificate will be issued, and the Preferred
Securities will be registered, in the name of Chase Nominees
Limited (the “Initial Limited Partner”) as nominee of the
Common Depositary.For so long as the Preferred Securities are deposited and registered
as described above, book-entry interests in the Preferred Securities
will be shown on, and transfers thereof will be effected only
through, records maintained by Euroclear and Clearstream,
Luxembourg.
Definitive certificates will not be made available to Holders other
than in certain limited circumstances. See “Summary of Provisions
Relating to the Preferred Securities in Global Form”.
.
.
.
Governing Law: The Limited Partnership Agreement establishing the Issuer, the
Preferred Securities and the Subordinated Guarantee will be
governed by, and construed in accordance with, English law."


https://www.bancobest.pt/ptg/bestsite/best_docs/lehman_xs0215349357.pdf