Average Contract Rate

Average Contract Rate. For any calendar month, the quotient obtained by dividing (x) the aggregate gross contract rate actually billed as reflected on the operating reports of the Manager at the end of each calendar month relating to the Owner Compressors or the Other UCI Compressors (which for the purposes of this calculation shall only include similar billing line items to those included in the billing of the Owner Compressors), as the case may be, that were actually under contract at the end of such calendar... month, by (y) the aggregate number of horsepower represented by the Owner Compressors or the Other UCI Compressors, as the case may be, that were actually under contract at the end of such calendar month. View More