Define: Floor

What does "Floor" mean? The meaning differs based on the contract. We found 3 definitions across 3 companies in SEC filings.

Definition 1 (Diamondback Energy, Inc., seen in 1 filing)

Floor means a rate of interest equal to 0.00% per annum.

Source: Diamondback Energy, Inc. 8-K

Definition 2 (CrowdStrike Holdings, Inc., seen in 1 filing)

Floor means a rate of interest equal to 0.00%.

Source: CrowdStrike Holdings, Inc. 10-K

Definition 3 (DIGITAL REALTY TRUST, INC., seen in 1 filing)

Floor means with respect to each Benchmark and the Federal Funds Rate, a rate of interest equal to zero percent per annum (0.00%).

Source: DIGITAL REALTY TRUST, INC. 10-Q

Data extracted from 3 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.

Occurrences: 3
Companies: 3
Keywords:
Floordefinitioncontract languagelegal termSEC filing

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