Common use of Available Cash Defined Clause in Contracts

Available Cash Defined. “Available Cash” means an amount as reasonably determined by the Board equal to all cash available for distribution to Members after (i) reserving for capital expenditures and increases in working capital set forth in the Business Plan, (ii) reserving for the future payment or reduction of any Company obligations, including contingent obligations, and (iii) taking into account cash available due to any increases in working capital lines of credit over targeted balances therefor set forth in the Business Plan.

Available Cash Defined. “Available Cash” means an amount as reasonably determined by the Board equal to all cash (not including cash from Capital Contributions) available for distribution to Members after (ia) reserving for capital expenditures and increases in working capital set forth in by the Business PlanDirectors, and (iib) reserving for the future payment or reduction of any Company obligations, including contingent obligations, and (iii) taking into account cash available due to any increases in working capital lines of credit over targeted balances therefor set forth in the Business Plan.

Available Cash Defined. For purposes of this Agreement, the term “Available Cash” means an amount as reasonably determined by the Board equal to all cash of the Company available for distribution to Members after (i) reserving for the Members, in the sole discretion of the Manager, taking into account, without limitation, rent from the Property, interest income from investments, the proceeds of loans and loan repayments, the proceeds of sales, amounts added to and released from reserve accounts, if any, fees paid to the Manager, its affiliates, and third parties, taxes, insurance premiums, and all other capital expenditures and increases in working capital set forth in or operating expenses of the Business Plan, (ii) reserving for the future payment or reduction of any Company obligations, including contingent obligations, and (iii) taking into account cash available due to any increases in working capital lines of credit over targeted balances therefor set forth in the Business PlanCompany.