Define: Term Benchmark Loan

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

Definition 1 (Tesla, Inc., seen in 1 filing)

Term Benchmark Loan means a Loan that bears interest at a rate determined by reference to the Adjusted Term SOFR Rate or Adjusted EURIBOR Rate, as applicable.

Source: Tesla, Inc. 10-K

Definition 2 (EXPAND ENERGY Corp, seen in 1 filing)

Term Benchmark Loan means a Loan that bears interest at a rate determined by reference to the Term SOFR Rate.

Source: EXPAND ENERGY Corp 8-K

Definition 3 (Eaton Corp plc, seen in 1 filing)

Term Benchmark Loan means a Loan that bears interest on the outstanding principal amount thereof, for each day in the Interest Period applicable thereto, at a rate per annum equal to the sum of the Term Benchmark Margin for such day plus the Term Benchmark Rate applicable to such Interest Period.

Source: Eaton Corp plc 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:
Term Benchmark Loandefinitioncontract languagelegal termSEC filing

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