Common use of Funds Available for Distribution Clause in Contracts

Funds Available for Distribution. The entire Net Cash Flow of the Partnership shall be deemed available for distribution and shall be distributed to the Partners in accordance with the provisions of Section 5.03. The term "Net Cash Flow" shall mean the gross cash receipts from any source whatsoever derived from the operation of Partnership business (or any part thereof) (but not the proceeds of Partnership borrowings), proceeds received upon liquidation of the Partnership in accordance with the relevant provisions hereof, and proceeds from the sale of assets of the Partnership less, first, the payment of principal and interest (including the payment of principal and interest on loans made by the Partners to the Partnership) as the same become due to the holders of the indebtedness of the Partnership, second, the payment of operating expenses of the Partnership for such period, third, capital expenditures and fourth, such cash reserved for working capital in excess of $1,000 plus an amount equal to anticipated expenditures arising over the next two weeks.