Available Cash from Operations means, with respect to each Project, the total cash received by the Fund from the Operations of such Project, less (i) all operating expenses and other cash expenditures attributable to such Project, and (ii) such reserves (including the Salvage Fund) for operating expenses, debt service and other actual or contingent obligations and Liabilities of the Fund as the Manager may determine are necessary or advisable in connection with such Project.
Available Cash from Operations means all cash funds of the Company on hand from time to time after reduction for (a) all Company Costs and Expenses that are due and payable as of such date, (b) the Threshold Working Capital Amount and (c) the Capital Expenditure Threshold.
Available Cash from Operations. The total cash received by the Fund from operation of the business in the ordinary course (but excluding any Available Cash Flow from Dispositions and excluding any Investor Capital Contributions), less (i) all operating expenses and other cash expenditures, and (ii) such reserves for operating expenses, debt service and other actual or contingent obligations and liabilities of the Fund as the Manager may determine are necessary or advisable.
Examples of Available Cash from Operations in a sentence
The Company intends, to the extent there is sufficient Available Cash from Operations to distribute to each holder of Common Units at least the Minimum Quarterly Distribution ("MQD") of $.45 per Common Unit per quarter.
The Members shall continue to receive allocations of Net Income and Net Losses and distributions of Available Cash from Operations during the period of liquidation of the Company in the same manner and proportion as though the Company had not dissolved.
Before January 1, 2029, Available Cash from Operations, if any, shall be distributed by the Company to the Members at such times as determined by the Manager.
After December 31, 2028, Available Cash from Operations, if any, shall be distributed such times as determined by the Manager.
All distributions of Available Cash from Operations shall be made to the Members, pro rata, in accordance with their respective Ownership Percentage.
More Definitions of Available Cash from Operations
Available Cash from Operations means, with respect to any Quarter ending prior to the dissolution or liquidation of the Company, an amount equal to:
Available Cash from Operations means cash paid to or in the possession of, the Company from whatever source (other than Available Cash From Capital Event) after deducting therefrom (a) all funds necessary to pay for the currently payable expenses incurred in connection with the normal operations of the Company and the Property Companies in accordance with and subject to the terms hereof, (b) the payment of all currently payable debt service, reserve and escrow amounts for all outstanding Loans when and as they become due and payable and/or are required to be reserved or escrowed, (c) the payment of all other currently payable obligations of the Company and the Property Companies to third parties, including, without limitation, obligations in connection with the Assets, and (d) an amount equal to the Working Capital Operating Reserve.
Available Cash from Operations means cash paid to or in the possession of, the Company from whatever source (other than Available Cash From Capital Event) after deducting therefrom (a) all funds necessary to pay for the currently payable expenses incurred in connection with the normal operations of the Company and the Property Companies in accordance with and subject to the terms hereof, (b) the payment of all currently payable debt service, reserve and escrow amounts for all outstanding Loans when and as they become due and payable and/or are required to be reserved or escrowed, (c) the payment of all other currently payable obligations of the Company and the Property Companies to third parties, including, without limitation, obligations in connection with the Assets, and (d) an amount equal to the Working Capital Operating Reserve. For the avoidance of doubt, “Available Cash From Operations” does not include any amounts released from the PIP Reserve relating to PIP Expenditures.
Available Cash from Operations has the meaning set forth in the Existing LLC Agreement.
Available Cash from Operations means cash from any source, other than Net Proceeds from a Capital Event.
Available Cash from Operations means all Available Cash other than Available Cash from Capital Transactions.
Available Cash from Operations means, as of a specified time, the amount of cash and cash equivalents, determined in accordance with GAAP, held by or for the Partnership in excess of amounts required, in the opinion of the General Partner, for (i) payment of Partnership liabilities in accordance with their terms, and (ii) Partnership reserves for working capital deficits, maintenance and repair of the Pipeline Assets, capital expenditures with respect to the Pipeline Assets and contingent and unforeseen liabilities of the Partnership.