Lehman Bros. Special Financing Inc. v. BNY Corporate Trustee Services Ltd. (In Re Lehman Bros. Holdings Inc.)

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• calling it “axiomatic” that ipso facto clauses are “unenforceable” in a complex Chapter 11 dispute over whether an ipso facto contract term could modify a payment priority scheme
• “a subordination agreement is an ‘agreement by which one who holds an otherwise senior interest agrees to subordinate that interest to a normally lesser interest.’”
• when agreement itself provides that certain provisions survive termination, contract is executory

Source: CourtListener parenthetical corpus (CC0).