Common use of LIBOR Notes Clause in Contracts

LIBOR Notes. Note will bear interest at the interest rate (calculated with reference to LIBOR and the Spread and/or Spread Multiplier and will be subject to the minimum interest rate or the maximum interest rate, if any) specified in the LIBOR Note and in the applicable Pricing Supplement. Unless otherwise indicated in the applicable Pricing Supplement, LIBOR shall be calculated as set forth in the MTN Prospectus.

Appears in 2 contracts

Sources: Distribution Agreement (Lehman Brothers Holdings Capital Trust VIII), Distribution Agreement (Lehman Brothers Holdings Inc)