Capital Cash Flow means, for purposes of this Agreement and for a given period of time, the net proceeds received by the Company from Company borrowings and the net proceeds of the sale or other disposition of assets of the Company, in each instance less reasonable reserves required in the sole discretion of the Member.
Capital Cash Flow. As defined in Section 9.2.
Capital Cash Flow. As used in this Agreement, "Capital Cash Flow" shall mean and be defined as collectively (a) gross proceeds realized in connection with the sale of any assets of the Partnership, (b) gross financing or refinancing proceeds, (c) gross condemnation proceeds (excluding condemnation proceeds applied to restoration of remaining property) and (d) gross insurance proceeds (excluding rental insurance proceeds or insurance proceeds applied to restoration of property), less (a) closing costs, (b) the cost to discharge any Partnership financing encumbering or otherwise associated with the asset(s) in question, (c) the establishment of reserves (as determined by the General Partner, and which may include cash held for future acquisitions), and (d) other expenses of the Partnership then due and owing. Subject to Section 14.2 below, if applicable, Capital Cash Flow shall be distributed to or for the benefit of the Partners of record as of the applicable Record Date not less frequently than annually and shall be distributed: first to the Partners holding Preference Units to the extent of the respective priorities (if any) established by the applicable Preference Unit Term Sheets and Other Securities Term Sheets; and then the balance pro rata among those Partners holding OP Units and those Partners holding Preference Units which, based on the provisions of the applicable Preference Unit Term Sheets and Other Securities Term Sheets, entitle such Partners to participate in such distributions on a pari passu basis with the holders of OP Units (the "Capital Cash Flow Preference Units"), to each Partner based on the quotient (expressed as a percentage) arrived at by dividing (i) the sum of the OP Unit Value of any Capital Cash Flow Preference Units held by that Partner and the number of OP Units held by that Partner by (ii) the sum of the OP Unit Value of all Capital Cash Flow Preference Units issued and outstanding at the time and the total number of OP Units issued and outstanding at the time. Notwithstanding the foregoing, the General Partner reserves the right to pro-rate distributions of Capital Cash Flow to incoming Limited Partners who were admitted during the applicable period (but excluding any incoming Partners who received Units from an existing Limited Partner) and who held Units as of the applicable Record Date but held such Units for less than the entire period with respect to which the Capital Cash Flow distribution is to be paid, based on the number of days suc...
Examples of Capital Cash Flow in a sentence
Trust foresees a significant change in the timing of capital expenditure, that is a change to the figures in Annex 5B of over £100,000, a revised Capital Cash Flow Programme must be submitted to the Secretary of State for approval.
The Managing General Partner may, in its discretion, apply all or part of Capital Cash Flow to provide funds to Operating Companies to make new Investments or repay Indebtedness, make additional investments in existing Investments or to fund the redemption of interests in the Fund pursuant to the terms of this Agreement or the Constituent Documents of any Fund Entity.
The Managing General Partner and the Non-Managing General Partner shall use their best efforts to cause the Partnership to make distributions of Operating Cash Flow and Capital Cash Flow to the Partners pursuant to this Article IX for each taxable year in an amount that is not less than the product of the maximum marginal U.S. federal income tax rate applicable to corporations for such taxable year, multiplied by the Partnership’s net taxable income and gain for such taxable year.
EIGHTEEN:- FINANCIAL INFORMATION.- "THE CUSTOMER" must prepare yearly Financial Statements that will include the Balance Sheet, Profit & Loss Account, Statement of Movements of Capital, Cash Flow Statement and Notes.
More Definitions of Capital Cash Flow
Capital Cash Flow shall have the meaning provided in Section 8.2 hereof.
Capital Cash Flow means and be defined as collectively (a) gross proceeds realized in connection with the sale of any assets of the Partnership, (b) gross financing or refinancing proceeds, (c) gross condemnation proceeds (excluding condemnation proceeds applied to restoration of remaining property), (d) gross insurance proceeds (excluding rental insurance proceeds or insurance proceeds applied to restoration of property), (e) return from an Operating Company of capital contributed or advanced to such Operating Company by the Partnership, and (f) distributions by an Operating Company of capital contributed or advanced to such Operating Company, less (a) closing costs, (b) the cost to discharge any Partnership financing encumbering or otherwise associated with the asset(s) in question, (c) the establishment of reserves (as determined by the Managing General Partner, and which may include cash held for future acquisitions), and (d) other expenses of the Partnership then due and owing. Subject to Section 9.3, Capital Cash Flow shall be distributed to or for the benefit of the Partners of record as of the applicable record date not less frequently than quarterly and, subject to Section 12.4(b), shall be allocated among the Partners as follows:
Capital Cash Flow. Programme” – clause 42;
Capital Cash Flow means, for purposes of this Agreement and for a given period of time, the net proceeds received by the Company from Company borrowings and the net proceeds of the sale of the Company assets, in each instance less reasonable reserves required in the sole discretion of the Managing Member.
Capital Cash Flow means and be defined as collectively (a) gross proceeds realized in connection with the sale of any assets of the Partnership, (b) gross financing or refinancing proceeds, (c) gross condemnation proceeds (excluding condemnation proceeds applied to restoration of remaining property) and (d) gross insurance proceeds (excluding rental insurance proceeds or insurance proceeds applied to restoration of property), less (a) closing costs, (b) the cost to discharge any Partnership financing encumbering or otherwise associated with the asset(s) in question, (c) the establishment of reserves (as determined by the General Partner, and which may include cash held for future acquisitions), and (d) other expenses of the Partnership then due and owing. Subject to Section 9.3, Capital Cash Flow shall be distributed to or for the benefit of the Partners of record as of the applicable record date not less frequently than quarterly and, subject to Section 12.4(b), shall be allocated among the Partners as follows:
Capital Cash Flow. As used in this Agreement, "Capital Cash Flow" shall mean and be defined as collectively (i) gross proceeds realized in connection with the sale of any assets of the Partnership, (ii) gross financing or refinancing proceeds, (iii) gross condemnation proceeds (excluding condemnation proceeds applied to restoration of remaining property), (iv) gross proceeds from the issuance and sale of capital stock (whether common or preferred) or debt securities of the General Partner and contributed to the Partnership, and (v) gross insurance proceeds (excluding rental insurance proceeds or insurance proceeds applied to restoration of property) less (a) closing costs, (b) the cost to discharge any Partnership financing encumbering or otherwise associated with the asset(s) in question, (c) the establishment of reserves (as determined by the General Partner, and which may include, but is not limited to, cash held for future acquisitions), and (d) other expenses of the Partnership (including Administrative Expenses) to the extent not deducted in calculating Operating Cash Flow and then due and owing.
Capital Cash Flow means and be defined as collectively (i) gross proceeds realized in connection with the sale of any assets of the Partnership, (ii) gross financing or refinancing proceeds, (iii) gross condemnation proceeds (excluding condemnation proceeds applied to restoration of remaining property), (iv) gross proceeds from the issuance and sale of capital stock (whether common or preferred) or debt securities of the General Partner and contributed to the Partnership, and (v) gross insurance proceeds (excluding rental insurance proceeds or insurance proceeds applied to restoration of property) less (a) closing costs, (b) the cost to discharge any Partnership financing encumbering or otherwise associated with the asset(s) in question, (c) the establishment of reserves (as determined by the General Partner, and which may include, but is not limited to, cash held for future acquisitions), and (d) other expenses of the Partnership (including Administrative Expenses) to the extent not deducted in calculating Operating Cash Flow and then due and owing.