Define: ABR
What does "ABR" mean? The meaning differs based on the contract. We found 7 definitions across 5 companies in SEC filings.
Definition 1 (CrowdStrike Holdings, Inc., seen in 1 filing)
ABR means for any day, a rate per annum equal to the highest of (a) the Prime Rate in effect on such day, (b) the Federal Funds Effective Rate in effect for such day plus 0.50%, and (c) the Eurodollar Rate plus 1.00%. Any change in the ABR due to a change in any of the Prime Rate, the Federal Funds Effective Rate or the Eurodollar Rate, as the case may be, shall be effective as of the opening of business on the effective day of the change in such rates.
Source: CrowdStrike Holdings, Inc. S-1
Definition 2 (Eaton Corp plc, seen in 1 filing)
ABR means a fluctuating interest rate per annum in effect from time to time, which rate per annum shall at all times be equal to the highest of: (a) the rate of interest announced publicly by Citibank in New York City from time to time, as Citibank s base rate ; (b) for any day, 0.50% per annum above the Federal Funds Rate; (c) for any day, Term SOFR plus 1.00% per annum.
Source: Eaton Corp plc 8-K
Definition 3 (AST SpaceMobile, Inc., seen in 1 filing)
ABR means for any day, a rate per annum equal to the highest of (a) the Prime Rate in effect on such day, (b) the Federal Funds Rate in effect on such day plus 0.50% and (c) 0.0%. Any change in the ABR due to a change in the Prime Rate or the Federal Funds Rate shall be effective from and including the effective date of such change in the Prime Rate or the Federal Funds Rate, respectively.
Source: AST SpaceMobile, Inc. 8-K
Definition 4 (CrowdStrike Holdings, Inc., seen in 1 filing)
ABR means for any day, a rate per annum equal to the highest of (a) the Prime Rate in effect on such day, (b) the Federal Funds Effective Rate in effect on such day plus 0.50%, and (c) the Term SOFR for a one-month tenor in effect on such day plus 1.00%. Any change in the ABR due to a change in any of the Prime Rate, the Federal Funds Effective Rate, or the Term SOFR as the case may be, shall be effective as of the opening of business on the effective day of the change in such rates.
Source: CrowdStrike Holdings, Inc. 10-K
Definition 5 (Eaton Corp plc, seen in 1 filing)
ABR means a fluctuating interest rate per annum in effect from time to time, which rate per annum shall at all times be equal to the highest of (1) the rate of interest announced publicly by Citibank in New York City from time to time, as Citibank’s base rate (2) for any day, 0.50% per annum above the Federal Funds Rate (3) for any day, Term SOFR plus 1.00% per annum. Each change in any interest rate provided for herein based upon the ABR resulting from a change in the ABR shall take effect at the time of such change in the ABR.
Source: Eaton Corp plc 10-Q
Definition 6 (DEERE & CO, seen in 1 filing)
ABR means at any particular date, a rate per annum equal to the greatest of (a) the Prime Rate in effect on such day, (b) 0.5% per annum above the NYFRB Rate and (c) the Eurocurrency Rate for a Eurocurrency Loan denominated in Dollars with one-month Interest Period commencing on such day (or if such day is not a Business Day, the immediately preceding Business Day) plus 1% (provided that, for the avoidance of doubt, such Eurocurrency Rate for any date shall be based on the LIBOR Screen Rate (or if the LIBOR Screen Rate is not available for such one-month Interest Period, the LIBOR Interpolated Rate)).
Source: DEERE & CO 10-K
Definition 7 (AppLovin Corp, seen in 1 filing)
ABR means for any day, a fluctuating rate per annum equal to the highest of (a) the Prime Rate in effect for such day, (b) the Federal Funds Effective Rate in effect on such day plus 1/2 of 1%, (c) Term SOFR for a one month Interest Period determined on such day (or if such day is not a Business Day, the immediately preceding Business Day) plus 1.00%.
Source: AppLovin Corp 10-Q
Data extracted from 7 SEC EDGAR filings across 5 companies. Source: Material contracts (Exhibit 10) filed under Regulation S-K.
This page presents definitions found in actual SEC filings for informational purposes. The specific definition appropriate for your contract may vary based on jurisdiction, industry, and specific circumstances. Consult with a qualified attorney for legal advice.