Common use of DEFINITION OF AVAILABLE CASH Clause in Contracts

DEFINITION OF AVAILABLE CASH. As used in this Agreement, "Available Cash" shall mean and be defined as all cash receipts of the Partnership from whatever source during the period in question in excess of all items of Partnership expense (other than non-cash expenses such as depreciation) and other cash needs of the Partnership, including, without limitation, investments by the Partnership, amounts paid by the Partnership as principal on debts and advances during such period, capital expenditures, payments to any dealer manager, advisor or property manager under any dealer manager, advisory and/or property management agreement, other fees and expense reimbursements, funds used for redemptions, and any reserves (as determined by the General Partner) established or increased during such period. In the discretion of the General Partner, but subject to Section 5.3, reserves may include cash held for future acquisitions.