NET AVAILABLE CASH Sample Clauses
NET AVAILABLE CASH. The General Partner shall, at the end of each quarter, determine the amount of Net Available Cash for such quarter (or more frequently, if Approved by the General Partner). All Net Available Cash for any period shall be distributed as follows, within thirty (30) days after the end of each calendar quarter (or at such other times as shall be Approved by the General Partner) after first repaying any loans to the Partnership from the Partners under Section 2.2.2.1 and/or 2.3 (loans which have been outstanding the longest shall be repaid first and if two or more Partners have loans which have been outstanding for equal periods, repayment of such loans shall be made pro rata, in proportion to such Partners' then respective loan balances, with payments first repaying accrued but unpaid interest and then repaying principal):
4.1.1 First, distributions shall be made to the Partners until each Partner has received distributions pursuant to this Section 4.1.1 in an amount equal to such Partner's Unrepaid Capital; such distributions to be made pro rata, in proportion to the then respective aggregate Unrepaid Capital of each Partner; and
4.1.2 Next, the balance shall be distributed to the Partners, pro rata, in proportion to the Partners' then respective Residual Percentages.
NET AVAILABLE CASH. Subject to applicable provisions of the Code and Regulations, Net Available Cash shall be distributed to the Members in proportion to their Membership Percentages at such times and in such amounts as the Managers shall determine.
NET AVAILABLE CASH. For each Taxable Year, an amount equal to the sum of the following: (a) the cash receipts of the Company during such Taxable Year, including receipts from the sale of assets, but excluding funds received from borrowings and any Capital Contributions made to the Company during such Taxable Year, and (b) liquidations of reserves during such Taxable Year in excess of those reasonably required to pay for any working capital needs, improvements, replacements or any other contingencies for which the reserves were created, minus the sum of the following: (c) any reserves made during that Taxable Year reasonably considered necessary by the Management Committee for operating requirements, for the payment of debts and for other contingencies, and (d) the cash expenditures of the Company during such Taxable Year, including the repayment of debts.
NET AVAILABLE CASH. The Venturers shall, at the end of each quarter, determine the amount of Net Available Cash for such quarter (or more frequently, if Approved by the Venturers). All Net Available Cash for any period shall be distributed as follows, within thirty (30) days after the end of each calendar quarter (or at such other times as shall be Approved by the Venturers) after first repaying any loans to the Venture from the Venturers under Section 2.2.2.1 and/or 2.3 (loans which have been outstanding the longest shall be repaid first and if two or more Venturers have loans which have been outstanding for equal periods, repayment of such loans shall be made pro rata, in proportion to such Venturers' then respective loan balances, with payments first repaying accrued but unpaid interest and then repaying principal).
4.1.1 First, distributions shall be made to the Venturers until each Venturer has received distributions pursuant to this Section 4.1.1. in an amount equal to such Venturer's Unrepaid Capital; such distributions to be made pro rata, in proportion to the then respective aggregate Unrepaid Capital of each Venturer; and
4.1.2 Next, the balance shall be distributed to the Venturers, pro rata, in proportion to the Venturers' then respective Residual Percentages.
NET AVAILABLE CASH. The Borrower shall certify in the Notice of Borrowing in the manner set forth therein that after giving effect to each borrowing, the aggregate Net Cash Amount will not exceed $200,000,000.
NET AVAILABLE CASH. Except as otherwise provided in Article XIV ------------------ hereof (relating to the dissolution of the Company), any distribution of Net Available Cash during any Fiscal Year shall be made to the Unit Holders in proportion to their respective Percentage Interests; provided, however, that no distributions shall be made that would create or increase an Adjusted Capital Account Deficit for any Unit Holder.
NET AVAILABLE CASH. The Blackstone General Partner shall, at the end of each quarter, determine the amount of Net Available Cash. All Net Available Cash for any period shall be distributed in the following order of priority within thirty (30) days after the end of each calendar quarter, after first repaying any loans to the Partnership from the Partners under Section 2.4 (loans which have been outstanding the longest shall be repaid first and if two or more Partners have loans which have been outstanding for equal periods, repayment of such loans shall be made pro rata, in proportion to the Partners' then respective loan balances, with payments first repaying accrued but unpaid interest and then repaying principal) and subject to the terms of Sections 4.2 and 4.3, to the Partners in proportion to the Partners' respective Percentage Interests.
NET AVAILABLE CASH. Subject to the provisions of this Article V, Net Available Cash shall be distributed to the Members, as and when determined by the Board, in accordance with their respective Percentage Interests; provided, however, that, other than distributions pursuant to Section 5.2 below, Net Available Cash shall not be distributed to the Members prior to the date that is the third (3rd) anniversary of the Effective Date, unless the Class A Members otherwise unanimously agree upon any such distributions.