Weighted Average Portfolio Age definition
Weighted Average Portfolio Age means, as of any date of determination, the result of (a) the sum for all Portfolio Aircraft of (i) the Appraised Value for each Portfolio Aircraft multiplied by (ii) the Aircraft Age of such Portfolio Aircraft divided by (b) the aggregate Appraised Value of all Portfolio Aircraft, as of such date.
Weighted Average Portfolio Age means the greater of (a) an amount equal to (i) five (5), minus (ii) the aggregate sum of the Weighted Yearly Option Age of all the Options for which Servicer is removed as servicer hereunder (excluding any Options which Buyer Agent is seeking a claim pursuant to Section 28) or (b) one (1).
Examples of Weighted Average Portfolio Age in a sentence
At the Drawdown Date for such Aircraft, the acquisition of such Aircraft would not result in the Weighted Average Portfolio Age, calculated as of such Drawdown Date, exceeding five years (such Weighted Average Portfolio Age to be calculated based on the Portfolio Aircraft (including such Aircraft) as of such Drawdown Date and the then most recent Appraisals delivered pursuant to Section 5.12).