Common use of Weighted Average Age Clause in Contracts

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. As of For 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 products of (i) the age in years (determined from the date of such Eligible the initial sale thereof by the manufacturer) of each Managed Container and each Container subject to a Finance Lease and being evaluated, multiplied by (ii) the then Net Book Value of such Eligible Container and the Net Book Value of such Managed Container subject to an Eligible Leasebeing evaluated, divided by (B) the then Aggregate Net Book Value determined by including sum of the Net Book Values of all Managed Containers subject to Eligible Leasesbeing evaluated.

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 LeaseContainer, divided by (B) the sum of the then Aggregate Net Book Value determined by including the Net Book Values of Containers subject to Eligible LeasesValues.