Scheduled Deposit Amount. For each Rent Payment Date, an amount calculated in accordance with the following formula: Scheduled Deposit Amount = Target Level - (Current Cash Balance + Purchase Option Payments) Where: Target Level = Commitment Termination Date Target Level + (58% × DV of Sold Equipment) + (58% × DV of Excess Concentration Equipment) + (58% × DV of Excess Aged Equipment) The Target Level is capped at the Aggregate Outstanding Amounts as of the Commitment Termination
... Date. Commitment Termination Date Target Level = [( MRPA - Commitment Termination Date Cash Balance ) x Months Elapsed ] Total Months + the Commitment Termination Date Cash Balance 2 DV of Sold Equipment = The excess, if any, of (1) the sum of Depreciated Values of all Head Lessee Compressors that have been sold following the Commitment Termination Date up to the succeeding Rent Payment Date over (2) the sum of the Depreciated Values of the Eligible Compressors subject to Eligible Leases that have been contributed to the Head Lessee following the Commitment Termination Date up to the succeeding Rent Payment Date. DV of Excess Concentration Equipment = The sum of all Excess 99 hp Amounts, the Excess 299 hp Amounts, the Excess 599 hp Amounts, the Excess 999 hp Amounts, the Excess Investment Grade Lessee Concentration Amounts, the Excess BB Lessee Concentration Amounts, the Excess B Lessee Concentration Amounts and the Excess Top 3 Lessee Concentration Amounts. DV of Excess Aged Equipment = All Excess Aged Equipment Amounts. Current Cash Balance = The total amount of funds then on deposit in the Collateral Account. Purchase Option Payments = The aggregate amount that the Head Lessee has paid to the Head Lessor following the Commitment Termination Date in connection with any exercise of the Head Lessee's purchase option, whether at the end of the Term or otherwise. MRPA = 80% of the initial Appraised Value of all Head Lessor Compressors owned by the Head Lessor on the Commitment Termination Date. Commitment Termination Date Cash Balance = The amount on deposit in the Collateral Account on the Commitment Termination Date. Months Elapsed = The cumulative number of months elapsed from the Commitment Termination Date to the date of determination (inclusive). Total Months = The total number of months from the Commitment Termination Date to the Termination Date (inclusive).
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