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.

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.

• Term: 53.641 Amortized Rem Term Range: 2.200 - 63.354 Weighted Average Age (First Pay thru Last Pay): 7.148 Age Range: 0.000 - 40.000 Weighted Average Original Term: 60.682 Original Term Range: 36.000 - 72.000 -------------------------------------------------------------------------------- THIS INFORMATION DOES NOT CONSTITUTE EITHER AN OFFER TO SELL OR A SOLICIATION OF AN OFFER TO BUY ANY OF THE SECURITIES REFERRED TO HEREIN.

• Term (To Mat/Balloon): 247.665 Stated Rem Term Range: 36.000 - 360.000 Weighted Average Age: 0.316 Age Range: 0.000- 120.000 Weighted Average Original Term (To Mat/Balloon): 247.981 Original Term Range: 36.000 - 360.000 Weighted Average Combined LTV: 77.298% Combined LTV Range: 6.250% - 94.737% -------------------------------------------------------------------------------- THIS TERMSHEET SUPERSEDES ANY PREVIOUS TERMSHEETS, AND WILL BE SUPERSEDED BY THE INFORMATION IN THE PROSPECTUS SUPPLEMENT.

• The average Original Equipment Cost 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 $2,400 per EU Factor (as defined in the definition of Weighted Average Age) per Eligible Container.

More Definitions of Weighted Average Age

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 TEU Factor of such Managed Container being evaluated, divided by (B) the sum of the TEU Factors of all Managed Containers being evaluated.

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

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

Weighted Average Age. This term shall have the meaning set forth in Section 101 of the Indenture.

Weighted Average Age means the average age of the portfolio of Eligible Collateral supporting the Borrowing Base weighted according to the relative contribution of such asset to the total Borrowing Base. The Weighted Average Age is determined by adding together, for each item of Eligible Collateral supporting the Borrowing Base, the product equal to (i) the fraction resulting from dividing the contribution to the Borrowing Base of such Eligible Collateral by the aggregate contribution to the Borrowing Base of all Eligible Collateral supporting the Borrowing Base times (ii) the age of such Eligible Collateral (for purposes of establishing age of Equipment, the Equipment’s “life” shall be deemed to have commenced on the first day of the month listed by the manufacturer as the Equipment’s date of manufacture).