Common use of Definition of Net Cash Flow Clause in Contracts

Definition of Net Cash Flow. As used herein, the term "Net Cash Flow" for any period shall mean the excess, if any, of (i) the cash receipts of the Partnership (other than from the sale of the Partnership's assets upon liquidation) and amounts withdrawn from reserves, over (ii) disbursements of cash by the Partnership (other than distributions to Partners and amounts paid pursuant to Section 4.3 hereof), including the payment of operating expenses, debt-service on any mortgage or deed of trust encumbering the Partnership's property, capital expenditures, and such amounts as may be required by the Partnership (as reasonably determined by the General Partner) to pay Partnership expenses and to maintain reserves and working capital.