Definition of Distributable Cash. The term "Distributable Cash" shall mean, at any time, the excess, if any, of cash on hand over the amount of cash reasonably necessary for the conduct of the Company's business, as determined by the Members.
Appears in 42 contracts
Samples: Company Operating Agreement (Town Sports International Inc), Company Operating Agreement (Town Sports International Inc), Company Operating Agreement (Town Sports International Inc)
Definition of Distributable Cash. The term "“Distributable Cash" ” shall mean, at any time, the excess, if any, of cash on hand over the amount of cash reasonably necessary for the conduct of the Company's ’s business, as determined by the Members.
Appears in 1 contract
Samples: Limited Liability Company Operating Agreement (Rousselot Dubuque Inc.)
