Definition of Cash Flow Sample Clauses

Definition of Cash Flow. As used herein, the term “Cash Flow” with respect to any period shall mean all cash receipts of the Partnership less all cash disbursements thereof during such period as shown on the books of the Partnership and reduced by such amounts which may be withheld by the Managing General Partner for such anticipated expenditures as the Managing General Partner, in its sole discretion, shall deem to be reasonably necessary or appropriate in the conduct of the business of the Partnership; except, however, that such receipts and disbursements shall not include the following: