Net Distributable Cash means gross cash and property received by the Company from all sources other than Capital Contributions, increased by reductions in Reserves, and reduced by the portion used (i) to pay Company expenses, (ii) to make capital expenditures, and (iii) to fund Reserves.
Net Distributable Cash means for any period, an amount equal to all cash received by the Partnership during such period, including but not limited to, cash from operations, reductions in reserves, casualty proceeds, rebates and other extraordinary items, less (a) principal, interest and other payments made under or pursuant to the Construction/Term Facility, (b) interest and fees paid pursuant to the Revolving Facility, or other borrowings, (c) all cash expenditures of and payments made by the Partnership, and (d) any reserves established by the Management Committee of the Partnership, and subject to the limitations on distributions, if any, imposed pursuant to the terms of the Project Loan Documents.
Net Distributable Cash means all cash receipts from operations of the Partnership (including, without limitation, amounts released from Reserves) and from Capital Events, reduced by the portion thereof used to, in the sole discretion of the General Partner (a) pay principal or interest on any Indebtedness, (b) establish Reserves and (c) pay Operating Expenses and Organizational Expenses. Net Distributable Cash shall not be reduced by depreciation, amortization, cost recovery deductions or similar non-cash allowances and expenses.
Examples of Net Distributable Cash in a sentence
The REITs & InvITs distributions will be based on the Net Distributable Cash Flows available for distribution, and not on whether the REITs & InvITs makes an accounting profit or loss.
All Net Distributable Cash shall be distributed to the Member at such times and in such amounts as shall be determined by the Manager.
The Unitholders have the right to receive at least 90% of the Net Distributable Cash Flows of the Trust at least once in every six months in each financial year in accordance with the REIT Regulations.
VOLATILITY OF DISTRIBUTIONSThe REITs & InvITs distributions will be based on the Net Distributable Cash Flows available for distribution, and not on whether the REITs & InvITs makes an accounting profit or loss.
Expenses incurred by the Company will be deducted as part of the determination of Net Distributable Cash Flow and will be payable on a priority basis prior to any Investors Preferred Return.The estimated use of proceeds from this Offering will be dependent upon the amount and timing of the capital raised in this Offering.
More Definitions of Net Distributable Cash
Net Distributable Cash means all cash receipts from operations of the Partnership (including, by means of example and not limitation, amounts released from Reserves), from Capital Events or otherwise, reduced by the portion thereof used to, in the discretion of the General Partner, (a) pay principal or interest on any Indebtedness, (b) establish Reserves, (c) pay Operating Expenses and Organizational Expenses, and (d) the Asset Management Fees and Property Level Fees. Net Distributable Cash shall not be reduced by depreciation, amortization, cost recovery deductions or similar non-cash allowances and expenses.
Net Distributable Cash means, for any period for which the amount thereof is being determined, the net income for the Company for such period, after the deduction of all expenses incurred (including without limitation, the amortization of the acquisition cost of Customer Contracts over such period and at such rate as shall be determined by the Members Committee in accordance with GAAP, all interest expenses incurred (including Member loans for liquidity or margin), and reasonable reserves for Customer Contract attrition and repudiation), and as further adjusted by subtracting the amount of any of the following added, and by adding any of the following subtracted, in determining such net income (i) the restoration of any reserve except to the extent that provision for such reserve was made during such period, (ii) the write-up of any assets, (iii) net gains arising from the collection of insurance proceeds, (iv) any net income of any entity in which the Company has an ownership interest except to the extent of the cash dividends or distributions actually received by the Company from such entity, and (v) Depreciation (other than amortization of Customer Contracts and other assets); minus
Net Distributable Cash is meant to reflect the Fund’s ability to generate cash from normal operations for purposes of calculating certain management and advisory fees, and it is not intended to be an actual measure of cash available for dividend distributions. It shall be calculated beginning with net income of the Fund from Managed Assets of the Advisor for the fiscal period, as calculated under GAAP consistently applied, and adjusted for the following factors (without duplication): Add back depreciation of assets. Add back amortization of intangibles. Add back depreciation of tenant improvements and tenant allowances. Add back amortization of deferred leasing costs and deferred financing costs. Subtract capitalized expenditures related to the normal and recurring operations and maintenance of the Real Estate Investments (e.g. building improvements, lease-hold improvements, property leasing expenditures and land improvements). Subtract gains and add back losses from sales of real estate investments. Add back the Variable Portion of the Advisor’s Asset Management Fee and the “Variable Portion” of the Manager’s “Management Fee” (as those terms are defined in the Management Agreement). Subtract gains and add back expenses for changes in accounting methodology. Subtract income caused by the straight-lining of rental income and add back expense from the straight-lining of interest expense (including straight- lining of lease termination payments). Subtract gains and add back losses of hedging through derivatives. Add back the effects of impairment (per FAS 144). Subtract gains and add back losses from extraordinary items. Adjust the Fund’s income from unconsolidated joint ventures and discontinued operations, and expenses from minority interests, in the same manner described above. Other modifications to net income may be made by the Advisor, with approval of the Manager, to cause Net Distributable Cash to better reflect normal cash flow from operation of Managed Assets on a consistent basis. If the calculation of the Fund’s net income is altered under GAAP, appropriate modifications shall be made to this definition to make such changes immaterial to the calculation of Net Distributable Cash.
Net Distributable Cash means all cash and funds received by the Company (other than funds received as Capital Contributions or as Net Liquidation Proceeds by the Company) less the sum of the following to the extent made from such cash and funds received by the Company (but not to the extent made from other sources, including without limitation from Capital Contributions, Net Liquidation Proceeds or cash reserves maintained by the Company): (1) all principal and interest payments on indebtedness of the Company and all other sums paid to lenders; (2) all cash expenditures (including capital expenditures) incurred incident to the operation of the Company’s business; and (3) such cash reserves and additions thereto as the Members shall determine are advisable and in the best interests of the Company.
Net Distributable Cash means, for any fiscal year, or portion thereof, revenues of the Company from any source and received in cash during such fiscal year, or portion thereof, and Company reserves set aside out of revenues during prior periods that are no longer needed for the Company’s business, less the sum of (i) lease and administrative expenses of the Company including, without limitation, taxes, consultant fees and/or audit costs (but excluding amounts paid from the Company’s reserves or funds provided by Capital Contributions and paid during such fiscal year (or portion thereof) for such costs and expenses); (ii) debt service, partnership costs and/or operating expenses of the Company (as set forth in the Initial LLC Budget or any subsequent Annual LLC Budget); and (iii) reasonable reserves needed for the Company’s business for the remainder of such Fiscal Year and future periods based on the Initial LLC Budget or any subsequent Annual LLC Budget or otherwise approved by the Members.
Net Distributable Cash means the sum of Net Cash Flow, Net Sales Proceeds and Net Financing Proceeds.
Net Distributable Cash shall have the meaning ascribed to such term in the Fund II Partnership Agreement.