Thus, under subsection (xi) of section 741(7)(A), the Security Agreements and the Guarantees are “securities contracts” to the extent that they secure debts related to (or guarantee debts incurred in connection with) safe-harbored contracts. Close inspection of the plain text of each agreement reveals this to be the case. The August Guaranty and the August Security Agreement, for example, expressly contemplated obligations owing from LBI to JPMC under the Clearance Agreement (itself, a “securities contract”). See Wolf Decl. Ex. 4 (August Guaranty) at 1 (“[certain Lehman entities] desire to transact business with and/or to obtain credit, clearing advances ... from [JPMC] ... under or in connection with the Clearance Agreement....”); Wolf Decl. Ex. 5 (Au gust Security Agreement) at 1 (<HOLDING>). The September Security Agreement and the
recognizing that mcl 57011076 provides a real property owner with a defense to a claim of lien if the owner can show that the sum of payments made pursuant to the specific contract plus the claim of lien exceed the price of the contract holding that the lien bond releases the property from the lien but the lien is then secured by the bond recognizing that the lien granted is in consideration of one or more loans letters of credit or other financial accommodation made  by jpmc pursuant to the clearance agreement holding that section 1823e applies only to assets and does not apply to claims regarding letters of credit because letters of credit are liabilities rather than assets recognizing statutory credit