Interest Reserve Replenishment Threshold definition
Interest Reserve Replenishment Threshold means, in respect of any Payment Date, the threshold which is attained when all payments of interest on the Subordinated Notes amount to at least 15 per cent. of the Principal Amount Outstanding of the Subordinated Notes on such Payment Date (taking into account all prior payments of interest made to the Subordinated Notes on the preceding Payment Date and taking into account any payments of interest to be made on such Payment Date).