Common use of Definition of Net Cash Flow Clause in Contracts

Definition of Net Cash Flow. “Net Cash Flow” of the Company shall be computed by deducting from the gross amounts received by the Company from all sources: (i) all operating expenses of the business, including management fees (if any), taxes, and insurance premiums, but excluding depreciation and amortization allowances, (ii) interest and principal payments on indebtedness of the Company (including advances by Members in accordance with section 5.3), (iii), proceeds from borrowing or proceeds from the sale, exchange or other disposition of Company assets, (iv) additions to reserves, (v) all cash expenditures for fixed asset additions, improvements and replacements, (vi) capital contributions, and (vii) any other amounts that the Managing Member determines, in its sole discretion, shall be retained for investment in the Company business.

Definition of Net Cash Flow. “Net Cash Flow” of the Company Partnership shall be computed by deducting from the gross amounts received by the Company Partnership from all sources: (i) all operating expenses of the businessPartnership, including management fees (if any), taxes, and insurance premiums, and maintenance labor and materials but excluding depreciation and amortization allowances, (ii) interest and principal payments on indebtedness of the Company Partnership (including advances by Members Partners in accordance with section 5.34.3), (iii), ) proceeds from borrowing or proceeds from the sale, exchange or other disposition of Company Partnership assets, (iv) additions to reserves, (v) all cash expenditures for fixed asset additionsdditions, improvements and replacements, and purchase of inventory (vi) capital contributions, and (vii) any other amounts that the Managing Member determines, in its sole discretion, Partners determine shall be retained for investment in the Company Partnership business.