Weighted Average Lease Rate Factor

Weighted Average Lease Rate Factor. As of any date of determination shall mean a fraction (expressed as a percentage) the numerator of which shall be equal to the sum of the Scheduled Payments due in the current month under all Lease Agreements then in effect with respect to the Eligible Engines and the denominator of which shall be equal to the Aggregate Net Book Value of all Eligible Engines subject to a Lease Agreement as of such date of determination.