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.
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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.
Sample 1
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”: Unit Type EU Factor 20DC 1.00 40DC 1.60 40HC 1.68 45MC 2.02 20RF 8.00 40HR 10.00 40RF 10.00 GENS 5.00 20FR 1.90 40FR 3.00 20OT 1.30 40OT 2.20 TANK 16.00
Sample 1
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.
Sample 1

Related to Weighted Average Age

  • Reserve Percentage For any Interest Period, that percentage which is specified three (3) Business Days before the first day of such Interest Period by the Board of Governors of the Federal Reserve System (or any successor) or any other governmental or quasi-governmental authority with jurisdiction over Agent or any Lender for determining the maximum reserve requirement (including, but not limited to, any marginal reserve requirement) for Agent or any Lender with respect to liabilities constituting of or including (among other liabilities) Eurocurrency liabilities in an amount equal to that portion of the Loan affected by such Interest Period and with a maturity equal to such Interest Period.

  • Maximum or Minimum Interest Rate If specified on the face hereof, this Note may have either or both of a Maximum Interest Rate or a Minimum Interest Rate. If a Maximum Interest Rate is so designated, the interest rate for a Floating Rate Note cannot ever exceed such Maximum Interest Rate and in the event that the interest rate on any Interest Reset Date would exceed such Maximum Interest Rate (as if no Maximum Interest Rate were in effect) then the interest rate on such Interest Reset Date shall be the Maximum Interest Rate. If a Minimum Interest Rate is so designated, the interest rate for a Floating Rate Note cannot ever be less than such Minimum Interest Rate and in the event that the interest rate on any Interest Reset Date would be less than such Minimum Interest Rate (as if no Minimum Interest Rate were in effect) then the interest rate on such Interest Reset Date shall be the Minimum Interest Rate. Notwithstanding anything to the contrary contained herein, the interest rate on a Floating Rate Note shall not exceed the maximum interest rate permitted by applicable law.

  • Spread; Spread Multiplier; Index Maturity The “Spread” is the number of basis points (one one-hundredth of a percentage point) specified on the face hereof to be added to or subtracted from the related Interest Rate Basis or Interest Rate Bases applicable to this Note. The “Spread Multiplier” is the percentage specified on the face hereof of the related Interest Rate Basis or Interest Rate Bases applicable to this Note by which the Interest Rate Basis or Interest Rate Bases will be multiplied to determine the applicable interest rate. The “Index Maturity” is the period to maturity of the instrument or obligation with respect to which the related Interest Rate Basis or Interest Rate Bases will be calculated.

  • Required Amount (a) With respect to each Distribution Date, on the related Determination Date, the Servicer shall determine the amount (the “Class A Required Amount”), if any, by which (x) the sum of (i) Class A Monthly Interest for such Distribution Date, (ii) any Class A Monthly Interest previously due but not paid to the Class A Certificateholders on a prior Distribution Date, (iii) any Class A Additional Interest for such Distribution Date and (iv) any Class A Additional Interest previously due but not paid to the Class A Certificateholders on a prior Distribution Date, (v) if TRS or an Affiliate of TRS is no longer the Servicer, the Class A Servicing Fee for such Distribution Date, (vi) if TRS or an Affiliate of TRS is no longer the Servicer, any Class A Servicing Fee previously due but not paid to the Servicer, and (vii) the Class A Investor Default Amount, if any, for such Distribution Date exceeds (y) the Class A Available Funds. In the event that the difference between (x) the Class A Required Amount for such Distribution Date and (y) the amount of Excess Spread and Excess Finance Charge Collections applied with respect thereto pursuant to subsection 4.07(a) on such Distribution Date is greater than zero, the Servicer shall give written notice to the Transferors and the Trustee of such excess Class A Required Amount on the date of computation.

  • Original Class A Percentage The Original Class A Percentage is 96.79331905%.

  • Annual Percentage Rate Each Receivable has an APR of not more than 25.00%.

  • Applicable Interest Rates (a) U.S.

  • Excess Spread On or before each Transfer Date, the Servicer shall instruct the Trustee in writing (which writing shall be substantially in the form of Exhibit B hereto) to apply Excess Spread with respect to the related Monthly Period to make the following distributions on each Transfer Date in the following priority:

  • Market disruption; non-availability 3.6.1 If and whenever, at any time prior to the commencement of any Interest Period:

  • Adjusted Leverage Ratio The Borrower shall not permit the Adjusted Leverage Ratio as at the end of any Fiscal Quarter to be greater than the following for the respective periods set forth below: Period Adjusted Leverage Ratio Closing Date to and including March 27, 2004 3.75:1.00 March 28, 2004 to and including June 26, 2004 4.75:1.00 June 27, 2004 to and including July 2, 2005 5.60:1:00 July 3, 2005 and any time thereafter 5.25:1.00

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