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
Except as provided in Section 5.5 and Article 12 in connection with the dissolution of the Company, Net Available Cash Flow shall be distributed to the Equity Owners at such times as determined by the Manager in accordance with the priorities set forth on Schedule A.
The Company and the Manager do not in any way guarantee the return of the Equity Owners’ Capital Contributions or the realization of a profit from their investment in the Company, and make no representations, warranties, promises or guarantees whatsoever with respect to Gross Receipts, Net Available Cash Flow or any distributions which may or may not be earned or made hereunder.
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, with respect to any period, Gross Receipts reduced by the portion thereof used to pay or establish reasonable reserves for all Company Expenses (as defined below), debt payments and accrued interest (including principal and interest payments on loans or advances made to the Company) and contingencies, as determined by the Manager. “Net Available Cash Flow” shall not be reduced by depreciation, amortization, cost recovery deductions, or similar allowances. Any funds released from a reserve shall be considered a cash receipt for purposes of this definition.
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 for any Dividend Period shall mean the Corporation's net income (loss) before interest and taxes, as determined in accordance with generally accepted accounting principles, plus depreciation, amortization and other non-cash charges reducing net income, minus all payments of principal and interest on the Corporation's indebtedness, income taxes of the Corporation (calculated as if the Corporation filed all of its income tax returns on a stand-alone basis) and the amount expended by the Corporation for capital expenditures during the Dividend Period.
Net Available Cash Flow means, for any period, the Company's gross cash receipts derived from any source including, but not limited to, gross receipts from sales and licensing of the Products (excluding only the proceeds from the Sale of all or substantially all of the Company's assets), less the portion thereof used to pay or establish reasonable reserves for all Company expenses, debt and interest payments, asset acquisitions, capital improvements, expansions, repairs, replacements, contingencies, and any other proper cash expenditure of the Company as reasonably determined by a Majority of the Managers. "Net Available Cash Flow" will not be reduced by depreciation, amortization, cost recovery deductions or similar allowances. "Net Available Cash Flow" may not exceed the amount by which the fair value of the assets of the Company exceeds all liabilities of the Company, other than interest or principal due with respect to member loans, to be determined in accordance with Section 29-706 of the Act.