Additional Compressor Criteria

Example Definitions of "Additional Compressor Criteria"
Additional Compressor Criteria. With respect to each purchase of one or more Compressor(s) by the Issuer with the proceeds of amounts on deposit in the Purchase Account from time to time, all of the following, as of the Purchase Date therefor: (1) the Additional Compressor has a Depreciated Value (or, if more than one Additional Compressor is proposed to be acquired on such date, all Additional Compressors proposed to be acquired in connection with such sale, an aggregate Depreciated Value)... that is not less than the Depreciated Value of the Owner Compressor being replaced (or, if more than one Owner Compressor is being replaced in connection with such sale, the aggregate Depreciated Value of all Owner Compressors being replaced in connection with such sale); (2) after giving effect to the acquisition of such Additional Compressors, the Weighted Average Age of all Eligible Compressors (including the Additional Compressors) constituting the Owner Compressors does not exceed by more than five percent (5%) the Weighted Average Age of all Eligible Compressors constituting the Owner Compressors on the Closing Date, as adjusted for the increase to the Weighted Average Age resulting from aging during the period commencing on the Closing Date to the proposed Purchase Date for such Additional Compressor(s); (3) the monthly contract rate (net of associated current monthly expenses) for the Additional Compressor (or, if more than one Additional Compressor is proposed to be acquired on such date, the aggregate monthly contract rate (net of aggregate current monthly expenses) for all such Additional Compressors) is not less than the monthly contract rate (net of current monthly expenses) of the Owner Compressor being replaced (or, if more than one Additional Compressor is proposed to be replaced on such date, the aggregate monthly contract rate (net of aggregate current monthly expenses) for all such Owner Compressors being replaced); (4) the Excess H/P Concentration Amount and the Excess Customer Concentration Amount, calculated after giving effect to the purchase of such Additional Compressor(s), will not exceed the corresponding amounts calculated immediately prior to such purchase; and (5) each such Additional Compressor qualifies as an Eligible Compressor and, if such Additional Compressor is subject to a Contract on the proposed Purchase Date, such Contract qualifies as an Eligible Contract. View More Arrow
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