Available Net Cash Flow definition
Available Net Cash Flow means all cash received by the Company during any taxable year, less all cash disbursements made by the Company during such year, and less such reserves for repairs, replacements, working capital, contingencies and anticipated obligations (including debt service and capital improvements), as the Manager shall deem reasonably necessary. Any excess reserves shall be considered Available Net Cash Flow upon subsequent disposition of the contingencies and the anticipated obligations which were reserved for.
Available Net Cash Flow shall have the meaning set forth in Section 5.1 (a) hereof.
Available Net Cash Flow means the gross cash proceeds from Partnership operations, including all refinancings of all or any portion of the Property and/or any other property of the Partnership and, in connection with a partial casualty or condemnation, the proceeds of condemnation proceedings or settlement of any insurance claims resulting in insurance proceeds not used in repair or restoration of the Property that, in each instance, shall not be required to be paid to a Lender, less (1) all costs incurred by the Partnership in connection with the refinancing or restoration of the Property and (2) any portion thereof used to establish Reserves, all as determined by Cedar GP, for certain expenses and liabilities of the Partnership, including, without limitation, debt payments (including interest and principal) on Loans, capital improvements, repairs, replacements, contingencies, real estate taxes and leasing commissions, all as determined in accordance with this Agreement. Available Net Cash Flow shall not be reduced by depreciation, cost recovery deductions or similar allowances. Available Net Cash Flow shall not be deemed to include any Capital Event Proceeds or any expenses related thereto.
Examples of Available Net Cash Flow in a sentence
There shall be no distribution of Available Net Cash Flow to the General Partner.
The General Partner will distribute Available Net Cash Flow to the Limited Partners on a quarterly basis not later than 30 days after each calendar quarter in each year.
The pro rata calculation shall be made as of the date on which the Company receives the Promote Gross Cash Flow giving rise to the Promote Available Net Cash Flow from the applicable Portfolio Investment.
Available Net Cash Flow during any taxable year of the Company may be distributed periodically, at such time(s) and in such amounts as determined by the Manager.
Except as otherwise provided in ARTICLE XI, distributions of Available Net Cash Flow will be made only when and as determined appropriate by the Managing Member in its discretion, and when made will be made only in accordance with this ARTICLE V.
More Definitions of Available Net Cash Flow
Available Net Cash Flow means all cash available to the Partnership, less reasonable reserves as determined by the Board, which may be distributed to Partners without breaching contractual obligations of the Partnership to third parties (such as lenders).
Available Net Cash Flow means, for any period, the consolidated gross ----------------------- cash receipts (net of borrowings) of the U.S. Associate Group less (i) all expenses of the U.S. Associate Group which require a cash expenditure, (ii) all payments of principal of, interest on and any other amounts with respect to indebtedness, leases or other commitments or obligations of the U.S. Associate Group (including loans by Members to the U.S. Associate Group), (iii) any sum expended by the U.S. Associate Group for capital expenditures or asset acquisitions, and (iv) reserves for anticipated working capital and other purposes, the amounts of which shall be reasonably determined from time to time by the Board, provided that in the case of each of (i), (ii) and (iii) above, expenses, payments and other amounts shall be taken into account to the extent that they are due and payable during the period for which Available Net Cash Flow is being generated.
Available Net Cash Flow means, for any period, the consolidated gross cash receipts (net of borrowings) of the U.S. Associate Group less (i) all expenses of the U.S. Associate Group which require a cash expenditure, (ii) all payments of principal of, interest on and any other amounts with respect to indebtedness, leases or other commitments or obligations of the U.S. Associate Group (including loans by Members to the U.S. Associate Group), (iii) any sum expended by the U.S. Associate Group for capital expenditures or asset acquisitions, and (iv) reserves for anticipated working capital and other
Available Net Cash Flow has the meaning given by section 8.1;
Available Net Cash Flow means, for each fiscal period, an amount equal to the Gross Return to the Partnership from the Business in that fiscal period, after:
Available Net Cash Flow. Defined in Section 8.6 hereof.
Available Net Cash Flow means, on a Reduction Date, the aggregate of the KKM Gross Revenues and the Additional Gross Revenues received during the Payment Period ending immediately prior to such Reduction Date, less the aggregate of the KKM Permitted Expenses and the Additional Permitted Expenses paid or scheduled to be paid during the latter half of such Payment Period and the first half of the next succeeding Payment Period.