AVAILABLE CASH FLOW Clause Samples
The 'Available Cash Flow' clause defines the amount of cash generated by a business or project that is available for distribution to stakeholders after accounting for operating expenses, debt service, and other required payments. In practice, this clause outlines the specific calculation method for determining available cash, often specifying which revenues and expenses are included or excluded, and may set the timing and priority of distributions. Its core function is to ensure transparency and fairness in how surplus cash is identified and allocated, thereby preventing disputes and clarifying financial expectations among parties.
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AVAILABLE CASH FLOW. Available Cash Flow" means, with respect to any Fiscal Year or other period, the sum of all cash receipts of Palace from any and all sources, less all cash disbursements (including loan repayments, capital improvements and replacements) and a reasonable allowance for Reserves, contingencies and anticipated obligations as determined by the Manager.
AVAILABLE CASH FLOW. Subject to applicable law, the Manager from time to time may elect to distribute Available Cash Flow of the LLC to the Members in proportion to their Percentage Interests as of the time of such distribution. For purposes of allocations of Net Profits pursuant to Section 4.1.1, Available Cash Flow attributable to a specific fiscal year of the LLC shall be deemed distributed as of the end of such fiscal year.
AVAILABLE CASH FLOW. Available Cash Flow of the LLC shall be distributed to the Members in accordance with the following priority and agreements:
AVAILABLE CASH FLOW. Available Cash Flow, as determined by the General Partner, shall be distributed to the Partners in proportion to their Percentage Interests on an annual or more frequent basis as determined by the General Partner.
AVAILABLE CASH FLOW. The definition of Available Cash Flow in the fifth sentence of Section 4 of the Modification Agreement is hereby deleted and replaced in its entirety by the following:
AVAILABLE CASH FLOW. The timing and amount of all distributions of Available Cash Flow of the LLC shall be determined by the Managers. All distributions of Available Cash Flow shall be made to the Members pro rata in accordance with their respective Percentage Interests at the time of the distribution, subject to the provisions of Sections 9.2 and 9.3.
AVAILABLE CASH FLOW. 14 6.2 LIQUIDATING DISTRIBUTIONS............................................14 6.3
AVAILABLE CASH FLOW. Except as otherwise provided in Section 5.2 hereof, distributions of Available Cash Flow, if any, shall be made at such times and in such amounts as the General Partner shall determine; provided that any distributions made hereunder shall be made to the Partners in accordance with their Percentage Interests, except as otherwise provided in Section 5.3 hereof.
AVAILABLE CASH FLOW. 2 1.6 BUSINESS OF THE LLC.............................................2 1.7
AVAILABLE CASH FLOW. Available Cash Flow" means, with respect to any Fiscal Year or other period, the sum of all cash receipts of the LLC from any and all sources, less all cash disbursements (including loan repayments, capital improvements and replacements) and a reasonable allowance for Reserves, contingencies and anticipated obligations as determined by the Managers.