Weighted Average Age Sample Clauses
Weighted Average Age. As of any date of determination shall be equal to the quotient of (A) the sum for each Eligible Container and each Container subject to an Eligible Lease of the product of (i) the age of such Eligible Container and each Container subject to a Finance Lease and (ii) the then Net Book Value of such Eligible Container and the Net Book Value of such Container subject to an Eligible Lease, divided by (B) the then Aggregate Net Book Value determined by including the Net Book Values of Containers subject to Eligible Leases.
Weighted Average Age. The Weighted Average Age of the Eligible Containers on the Drawdown Date for such Loan (after giving effect to the Loan(s) advanced on such Drawdown Date and all Collateral pledged in connection therewith) shall not exceed five (5) years.
Weighted Average Age. A number of years determined pursuant to the following equation: WAA = Σ (Un x AAn x EUn) Σ (Un x EUn) where: WAA = Weighted Average Age N = Type of unit (which shall be determined by reference to the list below) Un = Number of Eligible Container units of type n AAn = Average age in years of Eligible Container units of type n (as determined from the date of the initial sale of such Eligible Container units by the manufacturer thereof) EUn = “EU Factor” for Eligible Container units of type n (which shall be determined by reference to the chart below) For the purpose of the foregoing equation, the variable “n” shall be one of the following unit types: (i) 20DC; (ii) 40DC; (iii) 40HC; (iv) 45MC; (v) 20RF; (vi) 40HR; (vii) 40RF; (viii) GENS; (ix) 20FR; (x) 40FR; (xi) 20OT; (xii) 40OT; and (xiii) TANK. The foregoing equation is intended to calculate the Weighted Average Age of the Eligible Containers. The calculation considers the year of manufacture for each unit, and by type of unit. In addition, the calculation treats each unit type by its EU Factor, as determined by the EU chart listed below. For the purpose of the foregoing equation, the variable “EUn” with respect to a particular unit type “n” shall be equal to the value set forth in the chart below under the heading “EU Factor” opposite the appropriate unit type “n”:
Weighted Average Age. As of any date of determination shall be equal to the quotient of (A) the sum for each Eligible Container and each Container subject to an Eligible Lease of the product of (i) the age of such Eligible Container and each Container subject to a Finance Lease and (ii) the then Net Book Value of such Eligible Container and the Net Book Value of such Container subject to an Eligible Lease, divided by (B) the then Aggregate Net Book Value which for purposes of this calculation, shall include the Net Book Values of all Containers subject to Eligible Leases.