Define: Borrowing Multiple
What does "Borrowing Multiple" mean? The meaning differs based on the contract. We found 2 definitions across 2 companies in SEC filings.
Definition 1 (AMAZON COM INC, seen in 1 filing)
Borrowing Multiple means (a) in the case of a Borrowing of Base Rate Loans, $500,000, (b) in the case of a Borrowing of Eurocurrency Rate Loans denominated in Dollars, $1,000,000 and (c) in the case of a Borrowing denominated in any Alternative Currency, the smallest amount of such Alternative Currency that is a multiple of 1,000,000 units of such currency and that has a Dollar Equivalent of $1,000,000 or more.
Source: AMAZON COM INC 10-K
Definition 2 (COHERENT CORP., seen in 1 filing)
Borrowing Multiple means (a) in the case of Term Benchmark Loans, an amount equal to the Dollar Equivalent of $500,000 and (b) in the case of ABR Loans and RFR Loans, an amount equal to the Dollar Equivalent of $250,000.
Source: COHERENT CORP. 8-K
Data extracted from 2 SEC EDGAR filings across 2 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.