Liquidation Ratio definition
Liquidation Ratio means, as of any date, a fraction, the numerator of which is the product of (i) the number of shares of Class R Stock outstanding as of such date and (ii) the Conversion Ratio, and the denominator of which is sum of (a) the number of shares of Class D Stock outstanding as of such date and (b) the numerator of such fraction; provided, however, that in no event shall the Conversion Ratio used to calculate such Liquidation Ratio be less than the Minimum Conversion Liquidation Ratio.
Liquidation Ratio means, for any Loan, the Margin Ratio at or below which Collateral will be liquidated. The Liquidation Ratio for each Loan will be specified in the applicable Loan Term Sheet.
Liquidation Ratio means the (i) aggregate Agio of all outstanding Preferred Securities of a particular Class divided by (ii) the sum of the aggregate Agio of all outstanding Preferred Securities, the aggregate outstanding amount of all Equity-Like Obligations, the subscribed capital (gezeichnetes Kapital), the capital reserves and the surplus reserves of DZ BANK as determined in the unconsolidated liquidation financial statements (Liquidationseröffnungsbilanz) of DZ BANK set up by DZ BANK (which may be unaudited) in connection with the liquidation, dissolution or winding-up of DZ BANK.
Examples of Liquidation Ratio in a sentence
For each Advance, if at any time the Actual Collateral Coverage Ratio is less than or equal to the Liquidation Ratio (as calculated by the Lender and regardless of whether a Collateral Coverage Notice has been issued or is awaiting fulfillment), then Lender may, at its sole discretion and with no notice required to Borrower, immediately liquidate Collateral and apply the proceeds of such liquidation (the “Liquidation Event”) as partial repayment of such Advance (each, a “Liquidated Advance”).
More Definitions of Liquidation Ratio
Liquidation Ratio means, for any Advance, the Collateral Coverage Ratio (as calculated by Lender) below which Collateral will be liquidated. The Liquidation Ratio for each Advance will be specified in the applicable Term Sheet.
Liquidation Ratio means the ratio (expressed as a percentage) determined in respect of a calendar year, computed as of the last day of such calendar year (or with respect to the then current year, as of the last day of each calendar month of such year) by dividing: