Examples of Other Available Cash in a sentence
Except as set forth elsewhere herein, each Member Loan shall be evidenced by a promissory note signed by both Members, bearing interest at a rate equal to ninepercent (9%) per annum, but not in excess of any legally permitted rate of interest (the “Specified Interest Rate”), payable from proceeds generated by the operations of the Company, including, without limitation, Other Available Cash and any sources obtained by the Company for the development of the Redevelopment Site.
No later than sixty five (65) days after the end of the Company’s fiscal year, the Company will distribute, from Cash Flow from Operations (or, if necessary, from Other Available Cash), to each Member its share of any previously unpaid Tax Amount for such fiscal year.
Accordingly, funds of the Company will be retained for this purpose, and no distribution under Sections 4.3(d) (Balance) or 4.3(e) (Other Available Cash) will be paid to the Members, until and so long as the Company’s Cash Flow from Operations net of reserves established pursuant to Section 4.3(b) (Reserves) exceeds the level required to be self-sustaining, without the need for further investment by the Members.
Distributions of Other Available Cash are to be made in such amounts and at such times as determined by the Management Committee, taking into account the needs of the Company and the distribution policy set forth in Section 4.8. If there is not enough Cash Flow from Operations to make all the distributions provided for in Sections 4.3(a) and 4.3(c), Other Available Cash will be used to make the distributions in the priority specified in such Sections.
The remaining assets of the Company shall be applied and distributed to the Members in accordance with Section 6.4 (allocated between Initial Property Capital Proceeds and Other Available Cash as reasonably determined by the Manager).
Distributions of Other Available Cash are to be made in such amounts and at such times as determined by the Board of Directors.
Accord- ingly, funds of the Company will be retained for this purpose, and no distribution under Sections 4.3(d) (Balance) or 4.3(e) (Other Available Cash) will be paid to the Members, until and so long as the Company’s Cash Flow from Oper- ations net of reserves established pursuant to Section 4.3(b) (Reserves) exceeds the level required to be self-sustaining, without the need for further investment by the Members.4.9 Limitation upon Distributions.
No later than 65 days after the end of the Company’s Fiscal Year, the Company will distribute, from Cash Flow from Operations (or, if necessary, from Other Available Cash), to each Member its share of any previously unpaid Tax Amount for such Fiscal Year.
At least ten (10) Business Days before each date when a U.S. corporate estimated income tax payment is due, the Company will distribute, from Cash Flow from Operations (or, if necessary, from Other Available Cash), to each Member its share of the Tax Amount estimated by the Company to have accrued during the estimated tax period before the distribution date.
If there is not enough Cash Flow from Operations to make all the distributions provided for in this Section 5.2, Other Available Cash will be used to make the distributions in the priority specified in such Sections.