Weighted Average Age definition

Weighted Average Age. For any date of determination shall be equal to the quotient of (A) the sum of the products of (i) the age in years (determined from the date of the initial sale thereof by the manufacturer) of each Managed Container being evaluated, multiplied by (ii) the Net Book Value of such Managed Container being evaluated, divided by (B) the sum of the Net Book Values of all Managed Containers being evaluated.

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Weighted Average Age means, with respect to any group of Eligible Receivables, the quotient equal to (x) the product of (i) the number of days each Receivable in such group has been included as Collateral multiplied by (ii) the Outstanding Balance of the related Receivable divided by (y) the Aggregate Outstanding Balance of all such Receivables.

Weighted Average Age means, in respect of any portfolio or group of Railcars as to which the same is being determined, the weighted (by quantity of Railcars) average age in years of such portfolio or group. For purposes of determining the age of a Railcar in determining Weighted Average Age, age in years is measured from the date of manufacture.

Examples of Weighted Average Age in a sentence

• The foregoing equation is intended to calculate the Weighted Average Age of the Managed Containers.

• If the Subsequent Market Value Average Age at that time is more than 1.0 year higher than the Initial Market Value Weighted Average Age, the Facility Reduction Amount shall be recalculated using the formula referred to above but substituting as N the Subsequent Market Value Average Age for the Initial Market Value Average Age and the revised amount shall apply on the next, and each subsequent (unless and until this Clause 6.5(c) applies again) Facility Reduction Date.

• The foregoing equation is intended to calculate the Weighted Average Age of the Eligible Containers.

• 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.

• This term shall have the meaning set forth in the definition of Weighted Average Age.

More Definitions of Weighted Average Age

Weighted Average Age. In this Annual Report means the sum of the product of the age of each fixed asset at a given facility and its current gross book value as of December 31, 2005 divided by the total gross book value of the Company's fixed assets at such facility as of December 31, 2005.

Weighted Average Age. For any date of determination, an amount that shall be determined to the following equation:

Weighted Average Age. For any date of determination, an amount that shall be determined to the following equation: WAA = S (Un x AAn x EUn) S (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 Managed Container units of type n AAn = Average age in years of Managed Container units of type n (as determined from the date of the initial sale of such Managed Container units by the manufacturer thereof) EUn = “EU Factor” for Managed Container units of type n (which shall be determined by reference to the chart below)

Weighted Average Age shall have the meaning as set forth in Appendix A of the Indenture.

Weighted Average Age means, for any group of Marine Containers as of any date of determination, an amount equal to the quotient of (i) the sum of the products for such Marine Containers, of (A) the age in years (determined from the date of manufacture thereof by the manufacturer) of each such Marine Container multiplied by (B) the Net Book Value of each such Marine Container, divided by (ii) the sum of the Net Book Values of all such Marine Containers.

Weighted Average Age means, for any date of determination, the quotient of (A) the sum of the products of (i) the age in years (determined from the date of the initial sale thereof by the manufacturer) of each Managed Container being evaluated, multiplied by (ii) the Net Book Value of each Managed Container being evaluated, divided by (B) the sum of the Net Book Values of all Managed Containers being evaluated.

Weighted Average Age means, as of any date of determination, the quotient of (a) the sum of each Weighted Average Age Component for each Aircraft over (b) the Aggregate Appraised Value as of such date of determination.