Distributable Cash. Distributable cash (“Distributable Cash”) shall mean all cash of the Company Group remaining at such time after setting aside reasonable reserves determined by the Management Council for working capital, capital expenditures, retirement of outstanding indebtedness and other present or future requirements of the Company Group, all in accordance with the purposes of the Company or its Subsidiaries, as applicable.
Appears in 3 contracts
Samples: Contribution Agreement (Energy Transfer Partners, L.P.), Contribution Agreement (Energy Transfer Equity, L.P.), Contribution Agreement (Oge Energy Corp.)
Distributable Cash. Distributable cash (“Distributable Cash”) ” shall mean all cash for any period such portion of the Company Group remaining at such time cash in the Company’s bank accounts that is available for distribution to the Members after setting aside reasonable reserves determined by the Management Council provision has been made for working capital, capital expenditures, retirement of outstanding indebtedness and other present or future requirements of the Company Group, all in accordance with the purposes of the Company or its Subsidiaries, as applicableCash Reserves.
Appears in 1 contract
Samples: Limited Liability Company Operating Agreement (Bonn Edward J)
