Liquidation Threshold definition
Liquidation Threshold means the minimum Collateral Coverage which, when met or passed below, will trigger a liquidation of the Collaterals.
Liquidation Threshold at any date means 250% of the aggregate principal amount of the Notes outstanding as of such date, or 200% of the aggregate principal amount of the Notes outstanding as of such date in the event that (i) CSR has redeemed, repurchased or repaid in full all of the CSR 2012 Notes or (ii) the redemption right of the holders of the CSR 2012 Notes upon a “change of control” pursuant to Section 4.17 of the CSR 2012 Note Indenture has been amended or waived entirely with no further effect.
Examples of Liquidation Threshold in a sentence
Should the value of the Collateral Parcels fall below the Liquidation Threshold or should an Event of Default occur and the borrower fail to make immediate repayment of the outstanding loan balance, a Liquidation Event will occur.