Define: ABR Loan
What does "ABR Loan" mean? The meaning differs based on the contract. We found 3 definitions across 3 companies in SEC filings.
Definition 1 (Eaton Corp plc, seen in 2 filings)
ABR Loan means any Loan bearing interest at a rate determined by reference to the Alternate Base Rate.
Source: Eaton Corp plc 8-K
Definition 2 (EXPAND ENERGY Corp, seen in 1 filing)
ABR Loan means a Loan that bears interest at a rate determined by reference to the Alternate Base Rate.
Source: EXPAND ENERGY Corp 8-K
Definition 3 (Eaton Corp plc, seen in 1 filing)
ABR Loan means a Loan that bears interest on the outstanding principal amount thereof, for each day from the date such Loan is made until it becomes due, at a rate per annum equal to the sum of the ABR Margin for such day plus the ABR for such day.
Source: Eaton Corp plc 10-Q
Data extracted from 4 SEC EDGAR filings across 3 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.