cottonisking
7 hours ago
To all known creditors
4 October 2024
Dear Sirs
Lehman Brothers Holdings PLC - in Administration (“LBH”)
The Joint Administrators (“Administrators”) intend to declare an eleventh interim distribution to the
unsecured creditors of LBH no later than two months from the last date for proving being 28 October 2024.
Formal notice is attached at Appendix A.
For further information, contact details, and proof of debt forms, please visit
https://www.pwc.co.uk/services/business-restructuring/administrations/lehman/lehman-brothers-holdings.html
If you have not yet done so, please submit a proof of debt, and if so requested, provide such further
details or produce such documentary or other evidence as may appear to the Administrators to be
necessary. Alternatively, you can email a completed proof of debt form to
uk_lehmanaffiliates@pwc.com.
A creditor who has not proved their debt by the last date for proving may be excluded from the
distribution.
If you have any queries, please do not hesitate to contact my colleague, Adrienne Rorden, on +44 (0) 113 289
4000.
Yours faithfully
For and on behalf of Lehman Brothers Holdings PLC
EJ Macnamara
Joint Administrator
EJ Macnamara, GE Bruce and DJ Kelly and were appointed as Joint Administrators of Lehman Brothers Holdings PLC to manage its
affairs, business and property as agents without personal liability. The Joint Administrators are licensed in the United Kingdom to act as
insolvency practitioners by the Institute of Chartered Accountants in England and Wales. The Joint Administrators are bound by the
Insolvency Code of Ethics which can be found at:
https://www.gov.uk/government/publications/insolvency-practitioner-code-of-ethics
The Joint Administrators may act as controllers of personal data as defined by UK data protection law depending upon the specific
processing activities undertaken. PricewaterhouseCoopers LLP may act as a processor on the instructions of the Joint Administrators.
Personal data will be kept secure and processed only for matters relating to the Joint Administrators’ appointment. Further details are
available in the privacy statement on the PwC.co.uk website or by contacting the Joint Administrators.
PricewaterhouseCoopers LLP, 8th Floor Central Square, 29 Wellington Street, Leeds LS1 4DL
T: +44 (0) 113 289 4000, F: +44 (0) 113 289 4460, www.pwc.co.uk
PricewaterhouseCoopers LLP is a limited liability partnership registered in England with registered number OC303525. The registered office of
PricewaterhouseCoopers LLP is 1 Embankment Place, London WC2N 6RH. PricewaterhouseCoopers LLP is authorised and regulated by the Financial Conduct Authority for
designated investment business.
https://www.pwc.co.uk/services/business-restructuring/administrations/lehman/lehman-brothers-holdings.html
8lang
2 days ago
Exhibit B
Lehman Brothers Holdings Inc.
3 Senior Unsecured $83,723.7 - $83,723.7
4A Senior Affiliate Claims 58,805.2 - 58,805.2
4B Senior Affiliate Guarantee 10,072.7 - 10,072.7
5 Senior Third-Party Guarantee 30,788.7 (0.1) 30,788.7
7 General Unsecured 5,572.1 - 5,572.1
8 Affiliate Claims 497.8 - 497.8
9A Third Party Guarantee Claims other than of the RACERS Trusts 19,145.1 - 19,145.1
9B Third Party Guarantee Claims of the RACERS Trusts 1,947.7 - 1,947.7
10A Subordinated Class 10A Claims 3,399.1 - 3,399.1
10B Subordinated Class 10B Claims 10,330.4 - 10,330.4
10C Subordinated Class 10C Claims 1,492.9 - 1,492.9
Total $225,775.6 ($0.1) $225,775.5
cottonisking
4 days ago
Category Description of tasks
Cashiers and treasury
This is an essential function
for the management of
funds held by the
Administrators on behalf of
the Company. The
Administrators’ treasury
and cash management
teams monitor and control
the movement of funds,
mitigate risk and seek to
maximise the interest made
on investments for the
benefit of the Company’s
creditors.
? Managed the funds held by the Administrators, to ensure optimal level of funds held
on deposit within risk policy;
? Monitored and controlled the movement of funds, mitigated risk and maximised the
interest made on investments;
? Performed regular bank reconciliations for all bank accounts; and
? Carried out daily monitoring and processing of cash receipts and payments and
notification of movements to the Core Team.
Tax and VAT
Work reported in this
category includes
compliance with tax
legislation under the
Administrators’ obligations
as proper officers for tax,
and planning to ensure the
efficient realisation of
assets for the benefit of the
Company’s creditors as a
whole.
? Dealt with Tax and VAT queries and liaised with HMRC;
? Submitted tax return for y/e 14 September 2022;
? Drafted tax return for y/e 14 September 2023;
? Provided advice on the sale of MCF’s trading subsidiaries (SPML & PML);
? Finalised the 2021 group tax loss position & drafted the 2022 group tax loss
position;
? Prepared and submitted quarterly VAT returns;
? Reviewed various documents prepared by legal team and accountants;
? Calculated tax provisions;
? Provided tax advice and prepared accounts to support preferred equity distribution;
? Liaised with Internal Revenue Service in the US; and
? Ongoing consideration of group relief/losses position to determine amounts
available for surrender.
Other PwC Staff
Other PwC staff who
provided the Administrators
with advice and assistance
as necessary for the
completion of the
Administration.
? Supported regarding SPML and PML, reviewed monthly management accounts
and documentation;
? Meetings and discussions held with various counterparties and lawyers prior to
entering into NDA’s with parties that were interested in acquiring the shares in
SPML and PML, including review of offers received and drafted a sale and
purchase agreement; and
? Support received from members of the Disputes and Investigation team regarding
ongoing litigation matters including preparation of the reply to the SoD.
Future work
Examples of work remaining to be done to achieve the purpose of the Administration are shown below. This is not an
exhaustive list.
? Statutory reporting and compliance with the Insolvency Rules;
? Ongoing tax and VAT returns;
? Review and maintenance of financial information including reserves;
? Ongoing realisation of remaining assets;
? Progress continuing legal matters as set out earlier in this report;
? Seek consensual resolution on outstanding matters, where it is appropriate to do so;
? Continuing to wind down the portfolio of securities;
? Consider further proposals from the Directors to make equity distributions to LBHI2 provided there are future
funds to do so;
? Progress the sale of MCF’s trading subsidiaries (SPML & PML); and
? Regular reporting and discussions with the Operating Committee.
On a regular basis the Administrators provide detailed reports to the Operating Committee in relation to the expected work
required to complete the Administration. These reports include estimated costs and benefits to the creditors of LBIE.
15 Administrators’ progress report from 15 September 2023 to 14 March 2024
cottonisking
5 days ago
Lehman Brothers', use some of our cash to book C130's to move people out of South Florida 24/7. Setup staging areas in Alabama and Mississippi. Get out of bankruptcy and go to work.
Lockheed C-130 Hercules
Hurricane Milton’s sustained wind speeds increased to 180 mph (290 kph) Monday afternoon, the hurricane center said. The Category 5 storm, located 80 miles (125 kilometers) off the coast of Progreso, Mexico, was moving east at 10 mph (17 kph).
“Milton poses an extremely serious threat to Florida and residents are urged to follow the orders of local officials,” the hurricane center said in their latest storm advisory.
stoxjock
5 days ago
I don't think that Judge Renwick understands the ISDA Derivatives,,, so that's why she took 'the Easy Way Out' of just not even issuing 'an Opinion"...she first has to understand the issue at Hand to Issue an Opinion....whenever the Dumb Elites don't understand, they just 'duck' from making an appearance, we can create a new Idiom in English for this ---- 'Pulling a Kamala Harris'....
real777mellon
5 days ago
I'm on the New York Unified Courts System like a fly on shit friend.
I won't let them out of my crosshairs haha. I emailed their only contact after Renwick (the judge who in 2019 and 2023 was politically weaponized against President Trump and so far has him fighting 2 cases where her punishment for trivial shit was $500M USD) - who is the Judge that got a promotion from former Gov Kathy Hochul in 2023 to be the top ranking Judge in the second New York State court after the low court that kicked the can on this easy LBIE v AGFP argument (ISDA MA and CDS payouts are standard prac) for 11 years. Judge Diane T Renwick decided to make us wait since 2023 to merely say motion (of the appeal) denied through her clerk. She didn't even issue any sort of opinion herself. Like the leftist elitist she is she basically said "we shareholders are not worth the time because we are filthy private sector capitalists"... So when Rossman (our lead lawyer from the best Law Firm on the plannet Quinn Emmanuel Urquart & Sullivan) appealed a second time but this time used the concluding information he'd been prob saving for this final attempt to appeal to the mid level court and Judge Radical Renwick - he made it about the global chaos that would ensure in a $5T+ CDS market and even larger credit derivatives market which I believe someone pegs at hundreds of trillions because Judge Renwick would be responsible for setting the precedent that any ISDA Master Agreement and person selling contracts like these CDS would be able to merely "walk away" from the standard calculation of market value of the position the CDS "insured" and the buyer paid years and years of premiums (like Lehman did until 2009 when the payout was due from AG Financial).
And Judge Diane T Renwick - the political hack Judge who first ruled against Trump while President for a ridiculous defamation suit brought from a former APPRENTICE TV SHOW contestant and charged the sitting PRESIDENT with $19 M in civil suit case while including a completely off topic shot at SCOTUS Justice Brett Kavanaugh in her opinion & since 2023 the Judge who has attempted to humiliate Presidential Candidate Trump by charging him $454M in a civil suit NY v Trump which now IRONICALLY is in the New York intermediate level court - the Appellate Court - which LBIE v AGFP just got 18 months or so of ignoring on purpose under Judge Renwick and two motion denied through her clerk. Well here's the kicker. I was watching Trump's lawyer in the appeallate court on TV last week or so live and a five judge panel is sitting hearing the appeal on the lower court Judge Retard, I mean Renwick came from and put the hammer down on Trump with political motivations. Judge Renwick was sitting in the middle as the lead of the five Judge panel in the Appellate Court NY v Trump appeal because Gov Hochul promoted her since 2023 to that position as the one in charge of that particular jurisdiction's Appellate Court for the state of NY in the district Trump v NY has to appeal to!!!!
I was seething seeing her sit there knowing June 17 she suddenly decided to have her clerk deny the motion for the second appeal by Lehman's lawyer Andrew Rossman which had been sitting there unanswered since May 3, 2024. Trump was shot June 13 in Butler, PA. Biden was going after SCOTUS that week proposing his "reforms" July 16 because he had been a messenger of the entire DNC/Globalist agenda FURIOUS over the June 28, 2024 SCOTUS and Chief Justice Roberts opinion on a case that overturned the Chevron doctrine of 1984 allowing for the first time in 40 years a way for anyone to challenge the unconstitutional "expert" opinion of the corrupt Federal Regulators who had the power to "interpret" how laws of congress had used "Chevron" to commit all sorts of unconstitutional acts out against the Constitutional protections of We the People. Examples:
1. In the 90's the Bureau of Land Management through the Clinton Admin and the one's who since 1974 claiming to unconstitutionally hold, manage, enforce jurisdictional control over state land in much of the western US decided that cattle that for 150 years had open grazing rights in the state of Nevada had the right to force Nevada ranchers to pay the BLM a free for their cattle to graze on "Federal Land" and that DC agency had no constitutional authority to do so. A man named Cliven Bundy is famous for saying he would not pay that fee because he studied the Constitution and he was brought to court in 1998 for it all the way in Washington D.C. federal courts for his Constitutional objection to the Federal Regulator collecting basically a tax for the Federal Gov't for land they 1. Do not have right to own indefinitely 2. Definitely do not have jurisdiction to enforce taxation 3. Chevron June 28 2024 took away their sole discretion to enforce these measures any longer if challenged because the overturned "Chevron doctrine" claimed people like a Cliven Bundy cattle rancher could sue and because of the particular powers of SCOTUS to directly preside over these Federal Lands disputes they can file their lawsuit directly to the Supreme Court by suing the United States and this SCOTUS is being SO TRASHED BY PEOPLE OF THE LEFT - INCLUDING JUDGE DIANE T RENWICK (who just basically politically motivated vs private sector contracts and capitalism just like those who hate capitalism and the constitution on the left wanting to "reform" SCOTUS after the June 28, 2024 constitutional overturn of Chevron).
Interesting that SCOTUS is in session beginning today 10/7. So far in lower courts 110 cases have been brought after the June 28, 2024 Chevron doctrine overturn by our Constitutional loving SCOTUS majority. One such lower Federal Court was used by Kalshi, the CFTC fed regulatory denied US election "betting/prediction market" - who had received $100M funds from Susquehanna (big firm) by a President Trump mega-donor and with help in court when they invoked Chevron reversal from June 28, 2024 to challenge the CFTC denial of running Kalshi US prediction markets on our elecitons IN the US. The BIDEN APPOINTED Washington D.C. lower court judge who heard the appeal of the CFTC denial of their operating US election prediction markets in the US, and regulated by the CFTC was in favor of Kalshi, Susquehanna and their rep from "Cato Institute" - the Libertarian think tank in DC for smaller gov't and Constitutional enforcement in cases like this.
So a Biden appointed low Federal Court in DC - cited in her opinion the Chevron doctrine overturning by SCOTUS June 28, 2024 changed her opinion of how she viewed the case and the CFTC's original denial and argument they made for doing so was unconstitutional and wrong. Kalshi is now open and running their US CFTC regulated (they still have oversight of it) platform. A Biden appointed Federal Court judge ruled in favor of a Trump donor backed US prediction market operating in the US with US customers on US elections against a federal regulatory agency (CFTC) that for 40 years has allowed mostly DNC anti-small gov't big gov't socialists to enforce unconstitutional tyranny on businesses, and We the People.
So maybe Judge Renwick is gonna have her shit together in her SECOND NY v Trump appearance due to Hochul's promotion of her after her first two political weaponized court rulings against President Trump. Because he didn't die Jul 13 and she immediately got rid of the LBIE v AGFP to make the highest NY State Court take up the ruling that would no doubt be against her will to write the opinion why ISDA Master Agreements and CDS should be enforced as agreed bc SHE is a socialist and anti-constitutional protections radical that would not want to say that any WORKING SYSTEM of private sector contractual agreement and regulation without the GOVERNMENT and especially the Fed Courts being involved in every single part of the ISDA private sector working capitalism functional sector for over 30 years should be upheld in the court she is in POWER of. This person is a very egotistical socialist administrative state radical.
The Gov of New York who appointed her had a CCP Spy as her Deputy Chief of Staff for the time period when Renwick was appointed a promotion for twice attacking President Trump in civil cases and pleasing Hochul - who if she had a non-corrupt bone in her body would've pardoned the President and GOP nominated candidate by now. Instead last month the former Hochul Deputy Chief of Staff was raided by the FBI and charged with being a CCP agent within our NY State Executive Branch of Government!
That is the truth. I also heard Renwick's 5 person panel with her as the lead Justice of the Trump v NY hearing is considering TOSSING OUT the case that Trump's accruing $1M in interest everyday he refused to pay her original lower court bogus $454M and decided to appeal - and in that time Hochul's corrupt move was to make the same Judge Renwick the one who would be in charge of taking up his hearing in the Appellate Court case where Trump had to appeal to.
I have a hunch since 2 assassination attempts failed, and everyone is wise enough to see these "polls" are using D+8-11-15-25(!) samples as in D+25 meaning 25% more D were polled in a September MI poll done by leftist hacks than R sampled. Worse off only 15% Independent voters were sampled - and Trump and Harris came out TIED 50-50 in that particular rigged poll. In other words, in a national GE that Gallup accurately has for the first time since Reagan as favoring Republican turnout over Democrat -- where each poll should be R+2 to R+3 weighted, majority of polls are weighted D+6-8 and even D+10-12 recently to keep "Harris" in a tight race with Trump in nearly every single "swing" and GE poll.
Why do the polls need such huge rigged and unrealistic samples of Democrats? Because Kamala Harris and Tim Walz ticket is so radical, so far left, so hated by majority of Americans - extremely impossible to win the Rust Belt without the fake moderate that Joe Biden pretended to be before he began his admin turning off Keystone shutting down Fracking with insane regulatory pressure and fees. PA MI and WI are in the bag - Union execs from the UAW endorsed Harris but after the Teamsters poll of 1.4 M actual union members shared their results that 60% Trump 31% Harris was their Union Members actual choice and the executives at the Teamsters decided not to endorse either candidate - the UAW members leaked that their executives endorsed Harris but the UAW workers (common sense since Trump is promising cars will be built IN America) are 70%+ in favor of Trump over Harris.
To win 270 electoral votes even the NYT admits Trump just needs his already solid red states and GA NC and PA. NC is NOT a tossup or swing state - it wasn't even won by Biden when he cheated during COVID. Georgia had to be cheated with a flood of 100% mail in ballots for Biden after Nov 5 to have him "win" by 11K votes Nov 8. GA is running away to +6 even in liberal pollsters recent samples for Trump. Elon was in PA this week for the rally in Butler, PA and said "In PA - it's solid red" -- and we know polls even show that which is never before happened this early having Trump +3 last week. Catholics in PA have the lowest support for Harris in the nation at 29%. In 2020 41% of Catholics voted for Biden. Also, in PA thanks to Scott Pressler and his EarlyVoteAction org that has signed up hundreds of thousands of Registered Republicans who will vote Trump in this election across PA - the Registered D have declined and many have switched to R, which in PA has led to the usual Democrat county Luzerne County to flip to a majority Republican registered voter roll for 2024.
So my theory is since Trump can win the election by just GA, NC, PA - and he isn't going to be losing AZ, MI, WI... BUT HE CAN - and still hit 270 - these corrupt Judges like Renwick who is now potentially tossing the same case she put $454M down on Trump before her promotion to hear last weeks Appellate Court for the same NY v Trump case are falling in line with reality that PRESIDENT TRUMP on January 20, 2025 will have the power to put them in prison for a long time and rightfully so with the full constitutional support and the American people behind him. It's not what the papers say "a president going after his opposition and enemies" it's necessary for these judges fucking us as shareholders of Lehman CT PFDs and the other Americans abused by these pre-SCOTUS June 28 2024 overturned Chevron doctrine that changed our country back towards the Constitutional protections and rights being the courts job to uphold now. Before unelected bureaucrats aligned with Clinton, Obama, Biden DNC to enforced socialism and unconstitutional actions in the courts against We the People. Trump in the Oval Office is inevitable. So any Judge presiding over an attack vs We the People knows Trump can take the media bs accusations of him going after his political ENEMIES because he knows that he's really permantly punishing and preventing any future tyranny against We the People - who 99% of us had no idea was so insanely insidious and corrupt and targeted against us. But that's why the SAME JUDGE - Renwick - after the hearing in her new elevated court on the same case (seems fucked up right? how is that allowed?) - is considering TOSSING her former case that in 2023 was pretty damn confident in to the tune of $454M USD against our President.
They can't kill him and the turnout is clearly too big to rig Nov 5. So they are literally falling in line. Just like Aug 28 when ZUCK issued an admission the FBI and Biden Harris campaign put him under pressure to censor the Hunter Biden TRUE STORY on his Laptop from Hell from Facebook as "misinformation" - committing election interference. He issued that letter to get ahead of Trump's promise to punish election interference even back to 2020. And guys, that's exactly what our people need. It's not for Trump - it's for all the things I just mentioned NEVER happening again and thank God for our constitutional conservative Justices in the Supreme Court that are doing their job of checking the corrupt Exec Branch in power and their regulators and congress that has done jack to stop this itself!
real777mellon
6 days ago
Don't know if anyone found the New York Court of Appeals (https://nycourts.gov/ctapps/index.htm) current status of Lehman Brothers v AG Financial's appeal to the highest court in the state after the second motion denied in the middle court in July.
Found under Undecided Civil Motions
Sep 16, 2024
Motion No. 2024-634 Lehman Brothers v AG Financial
Sep 30, 2024
Motion No. 2024-656 Lehman Brothers v AG Financial
Last Updated (PDF) October 1, 2024
https://nycourts.gov/ctapps/news/UndecidedMotions.pdf
New York Court Of Appeals October Session 10/15 thru 10/18
Guessing we might at earliest make the November Session 11/19-11/22
Didn't know much about this process so I got a little more info off Copilot AI - was wondering why there were two Undecided Motions two weeks apart - here's what the response was:
First the Sep 16, 2024 one:
The case **Lehman Brothers International (Europe) (in administration) v. AG Financial Products, Inc.** (2024-634) has seen several key developments:
1. **Initial Filing**: Lehman Brothers filed the lawsuit alleging breach of contract and the implied covenant of good faith and fair dealing by AG Financial Products.
2. **Pre-Trial Motions**: Both parties have filed various pre-trial motions, including motions to dismiss and motions for summary judgment. These motions have been argued and decided, setting the stage for the trial.
3. **Discovery Phase**: The discovery phase involved extensive document production and depositions, given the complexity of the financial instruments involved. This phase was crucial for both sides to gather evidence supporting their claims and defenses.
4. **Trial**: The trial has included detailed testimonies from financial experts and executives from both Lehman Brothers and AG Financial. The arguments have focused on the interpretation of the ISDA Master Agreement and the reasonableness of AG Financial's loss calculations.
5. **Pending Decision**: The case is currently awaiting a decision from the New York Court of Appeals. The court's ruling will address the key issues of contract interpretation and the obligations of parties in credit default swap agreements.
This case is closely watched due to its potential impact on the financial industry, particularly in how similar contracts are interpreted and enforced. 👈️
Would you like to know more about the specific arguments made by each side or the potential implications of the court's decision?
Yes, there are several pending motions in the case **Lehman Brothers International (Europe) v. AG Financial Products, Inc.**. Besides motion No. 2024-634, other motions are also under consideration, including:
1. **Motion No. 2024-656** - This motion involves additional disputes over the terms and execution of the credit default swaps between the parties.
2. **Motion No. 2024-678** - This motion addresses issues related to the calculation of damages and the interpretation of specific contractual clauses.
These motions are part of the ongoing litigation and reflect the complex nature of the financial instruments and agreements involved in this case. If you need more detailed information on any specific motion or updates as they become available, feel free to ask!
dhyan40
1 week ago
BlackRock Files for Bankruptcy -- is this true?
https://sunnysjournal.com/2024/09/24/blackrock-files-for-bankruptcy-julian-assange/
Breaking News: BlackRock Files for Bankruptcy! The Unbelievable Collapse of a Financial Giant
BREAKING NEWS: BlackRock, the world’s largest asset manager, has shockingly filed for bankruptcy, marking the downfall of a financial giant built on corruption. Global sanctions and… pic.twitter.com/rHLXIGsvOT— nikola 3 (@ronin19217435) October 5, 2024
This will be a bigger earthquake than Lehman collapse, say good bye to our Lehman recoveries, whole world has a much bigger headache to deal with if this this true
cottonisking
1 week ago
EXECUTION VERSION
31
7.2 Each of the Parties shall bear their own legal and other costs and expenses incurred in
connection with the negotiation, preparation and execution of the Original Framework
Agreement, this Amended Framework Agreement and the Amendment and Restatement
Agreement (and for the avoidance of doubt without prejudice to any and all rights that the
PLC Administrators may have to discharge such costs and expenses from the PLC Estate
and the JLs have to discharge such costs and expenses from GP1 and/or the ECAPS
Issuers and as between GP1 and DB all agreements as to costs under or pursuant to the
Reserve and Reimbursement Agreement).
8. THE EFFECTIVE DATE
The Original Framework Agreement became effective and legally binding among the
Parties on and from 8 October 2023 (the “Effective Date”).
9. NO ADMISSION
This Amended Framework Agreement is not, and shall not be represented or construed by
the Parties as, an admission of liability or wrongdoing on the part of any Party to this
Amended Framework Agreement or any other person or entity.
10. AUTHORITY
Each Party warrants and represents that it has capacity, power and authority to enter into,
execute and perform this Amended Framework Agreement.
11. SUCCESSORS
11.1 GP1 shall not at any time assign, transfer or dispose of its interest in the PLC Sub-Notes
👉️without the prior written consent of the Parties. 👈️
11.2 LBHI shall not assign, transfer or dispose of its interest in the PLC Sub-Debt:
(a) on or before 15 December 2024, in any circumstances👉️ unless each of GP1 and DB
in their absolute discretion have consented to such assignment, transfer or
disposal; 👈️
(b) on and from 16 December 2024, unless:
(i) the assignee or transferee of LBHI’s interest agrees to be bound by the
terms of this Amended Framework Agreement; and
(ii) each of GP1 and DB (in the case of DB, only if it then holds 10% or more
of the ECAPS in issue) have consented to such assignment or transfer,
such consent not to be unreasonably withheld or delayed. LBHI, GP1 and
DB each agree that it shall not be reasonable to withhold or delay consent
if the proposed transfer, assignment or disposal by LBHI of the PLC Sub-
Debt is for value, save for if there is a genuine demonstrable risk that the
assignment or transfer could undermine this Amended Framework
Agreement or that the proposed assignee or transferee intends to breach,
undermine or take action inconsistent with this Amended Framework
Agreement.
08-13555-mg Doc 61695 Filed 10/03/24 Entered 10/03/24 15:10:34 Main Document
Pg 33 of 40
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