Rate Notes. A Federal Funds Open Rate Note will bear interest at the interest rate (calculated with reference to the Federal Funds Open Rate 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 Federal Funds Open Rate Note and in the applicable Pricing Supplement. Unless otherwise indicated in the applicable Pricing Supplement, the “Federal Funds Open Rate” 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)