Net Available Cash Flow definition

Net Available Cash Flow means with respect to any period, the cash receipts of the Company during such period from any and all sources, including cash proceeds from Capital Contributions, borrowings, and sales of property, less the portion thereof used during such period to pay (or establish reasonable reserves for) all Company expenses and obligations, debt payments, all costs of capital improvements, expansions and replacements, contingencies, and any other proper cash expenditure of the Company. All reserves for working capital, capital expenditures, future fixed or contingent obligations and other purposes shall be established and funded in such amounts as may be approved from time to time by the Manager subject to the Sole Member’s approval. “Net Available Cash Flow” shall not be reduced by depreciation, amortization or similar non-cash allowances. In no event shall “Net Available Cash Flow” exceed the amount by which the fair market value of the assets of the Company exceed all liabilities of the Company, other than interest or principal due with respect to Sole Member loans, to be determined in accordance with Section 29-706 of the Act.
Net Available Cash Flow means with respect to any period, the Company’s gross cash receipts derived from any source whatsoever (not including Capital Contributions and refundable deposits until no longer refundable), reduced by the portion thereof used to pay or establish reasonable reserves for all Company expenses, debt payments and accrued interest (including principal and interest payments on loans made to the Company by Members and non-Members), contingencies, and proposed acquisitions, as determined by the Management Committee. Net Available Cash Flow shall not be reduced by depreciation, amortization, cost recovery deductions, or similar allowances.
Net Available Cash Flow means all cash amounts received by the Sub-Lessee, including payments received under the Facilities Lease, reduced by the sum of (i) any payment required to be made pursuant to the Financing documents, and (ii) Operating Expenses.

Examples of Net Available Cash Flow in a sentence

  • The Manager may distribute the Net Available Cash Flow of the Company for each fiscal year at the end of each fiscal year (or more frequently as the Sole Member may deem appropriate) to the Sole Member.

  • Any such guaranteed payment shall constitute a Company expense and shall accordingly reduce Net Available Cash Flow, proceeds available for distribution pursuant to Section 12.2, and any allocations of Profits and Losses provided for elsewhere in this Agreement.

  • Subject to Sections 6.2, 6.4, 6.6 and ARTICLE XII, distributions of Net Available Cash Flow shall be made as and when determined by the Management Committee to the Members, pro rata, in accordance with their respective Percentage Interests, provided, however, that any such distribution shall be subject to restrictions that may be imposed upon the Company by third party lenders.

  • The Management Committee does not intend to make a distribution of Net Available Cash Flow to the Members if any such distribution would be required to be returned by the Members in accordance with the foregoing.

  • If Lessor does not notify Lessee of any error in the calculation of Net Available Cash Flow within three (3) years after the end of any Lease Year, then Lessor shall be deemed to have conclusively waived any and all objections with respect to any Net Available Cash Flow payments with respect to such Lease Year.


More Definitions of Net Available Cash Flow

Net Available Cash Flow with respect to each Lease Year, means the amount of Project Proceeds available to be distributed to the Lessor with respect to such Lease Year in accordance with the provisions of Section 513(b) or (c) of the Indenture, which amounts are intended to be the annual surplus or net revenues of the Project, after the payment of all operating expenses and satisfaction of all debt service and maintenance reserve and other requirements, as set forth in the Indenture.
Net Available Cash Flow shall not be reduced by depreciation, amortization, cost recovery deductions, or similar allowances.
Net Available Cash Flow means, with respect to any period, the Company’s gross cash receipts derived from any source whatsoever, excluding Capital Contributions, reduced by the portion thereof used to pay or establish reasonable reserves for all Company expenses, debt payments and accrued interest (including principal and interest payments on loans made to the Company by non-Members and by the Members), contingencies, and proposed acquisitions, as determined by the Management Board. “Net Available Cash Flow” shall not be reduced by depreciation, amortization, cost recovery deductions, or similar allowances.
Net Available Cash Flow means the excess of gross cash receipts derived from all sources whatsoever (including gross combined Member proceeds from the sale of the Company and exclusive of Capital Contributions and, except to the extent the Manager determines otherwise, proceeds received from any borrowings by the Company) over cash disbursements for (i) all operating costs, including, but not limited to, the Management Fee, (ii) all principal and interest payments on debts (including Member loans), (iii) all asset acquisition costs and capital costs necessary for the maintenance, repair, and improvement of the Company’s assets, and (iv) reasonable reserves, as determined by the Manager. Net Available Cash Flow will not be reduced by depreciation, cost recovery deductions, and other non-cash charges.
Net Available Cash Flow means, with respect to any period, the Company's gross cash receipts derived from any source whatsoever, reduced by the portion thereof used to pay or establish reserves for all Company expenses, debt payments and accrued interest (including principal and interest payments on Non-Member Loans and loans made to the Company by the Members), contingencies, and proposed acquisitions, as determined by the Manager. "Net Available Cash Flow" shall not be reduced by depreciation, amortization, cost recovery deductions, or similar allowances.
Net Available Cash Flow means, with respect to any period, the Company’s gross cash receipts derived from any source whatsoever, excluding Capital Contributions, reduced by the portion thereof used to pay or establish reasonable reserves for all Company operating expenses and capital expenses, debt payments and accrued interest (including principal and interest payments on loans made to the Company by non-Members, Members and Unit Holders), contingencies, as determined by the Manager.
Net Available Cash Flow means, for any period, the excess of gross cash receipts of [DVR] (exclusive of capital contributions to [DVR] and, except to the extent a Majority- in-Interest determines otherwise, proceeds received from any borrowings by [DVR]) over cash disbursements for: (i) all operating costs (excluding severance payments under a [MSA] between [DVR] and a former member of [DVR]); (ii) all principal and interest payments on debts (including member loans); (iii) all asset acquisition costs and capital costs necessary for the maintenance, repair, and improvement of [DVR]’s assets; and (iv) reasonable reserves, as determined by a Majority-in-Interest. Net Available Cash Flow will not be reduced by depreciation, cost recovery deductions, and other non-cash charges. Further, for purposes of calculating Net Available Cash Flow, the amount of compensation paid to other members of [DVR] under their respective Member Services Agreement will be equal to the compensation paid to such members as of the termination of Member’s engagement hereunder, regardless of whether the actual compensation paid to such members changes following Member’s termination date.[3]