Average Rental Rate definition
Average Rental Rate means, at any time, the average monthly rental payment per unit of leased Rental Equipment.
Average Rental Rate means, for any calendar month, the quotient obtained by dividing (x) the aggregate gross rentals actually billed during such month relating to the Owner Compressors or the Other UCI Compressors, as the case may be, that were actually on lease during such calendar month, by (y) the aggregate number of horsepower represented by the Owner Compressors or the Other UCI Compressors, as the case may be that were actually on lease during such calendar month.