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Joe Stocks:"You still haven't posted what you call the CTs covenants.
Post or share a link?"
"Covenants Of Lehman Brothers Holdings
In the guarantee, Lehman Brothers Holdings will covenant that, so long as any trust securities remain outstanding, if:
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there shall have occurred any event of default under the indenture,
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Lehman Brothers Holdings shall be in default with respect to its payment of any obligations under the guarantee, or
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Lehman Brothers Holdings shall have given notice of its election to defer interest payments and shall not have rescinded such notice, and while such interest is deferred,
then Lehman Brothers Holdings will not, and will not permit any subsidiary to:
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declare or pay any dividends or distributions on, or redeem, purchase, acquire or make a liquidation payment with respect to, any of Lehman Brothers Holdings' capital stock, or"
This covenant is an LBHI global restricted cash flow fraud policy until it is exercised.