Operating Net Cash Flow definition

Operating Net Cash Flow means Total Receipts minus Total Operating Distributions.
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Operating Net Cash Flow means Cash Flow, less the sum of the following, to the extent paid or set aside by the Company: (i) all principal and interest payments on indebtedness of the Company and all other sums paid to lenders; (ii) all cash expenditures incurred incident to the normal operation of the Company's business; and (iii) such reserves as the Management Committee deems reasonably necessary to the proper operation of the Company's business. The "Operating Net Cash Flow" of the Company at any time shall be determined by the Accountants, which determination shall be binding and conclusive upon the Members in the absence of manifest arithmetical error.
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Operating Net Cash Flow means Net Cash Flow as defined in the Operating Agreement (defined below), expressly excluding, however, all proceeds from the financing or re-financing of any indebtedness of the Company, all proceeds from the sale or other transfer of all or any portion of the Property, and all proceeds from Capital Contributions (as defined in the Operating Agreement).
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Examples of Operating Net Cash Flow in a sentence

  • The Company may distribute from time to time as a component of Operating Net Cash Flow such portion of the reserves which the Manager determines to be in excess of the amounts required by the Company.

  • The Company shall make distributions from the Operating Net Cash Flow, if available, only at such times and in such amounts as the Management committee in its sole discretion may determine.

  • If Seller receives, on or before the Closing Date, any Operating Net Cash Flow allocable to Constellation-Springfield for the period after the Closing Date, Buyer shall receive a credit in the amount of such Operating Net Cash Flow received by Seller on or before the Closing Date.

  • If, after the Closing Date, Buyer receives any Operating Net Cash Flow for the fiscal year in which the Closing Date occurred and which is allocable to Constellation-Springfield for the period during which the Seller owned the Shares, Buyer shall pay to Seller the portion of Operating Net Cash Flow allocable to Seller.

  • The amount of Operating Net Cash Flow to be distributed, if any, shall be calculated as of the last day of the period in which the Distribution is made and distributed to the Members who were Members of record as of the next to the last day of such period.

  • Operating Net Cash Flow (as defined below) allocable to Seller's Member Interests shall be apportioned between Seller and Buyer as of the Closing Date.