Definition of Net Cash Flow. As used herein, the term "Net Cash Flow" for any period shall mean the excess, if any, of (i) the cash receipts of the Partnership (other than from the sale of the Partnership's assets upon liquidation) and amounts withdrawn from reserves, over (ii) disbursements of cash by the Partnership (other than distributions to Partners and amounts paid pursuant to Section 4.3 hereof), including the payment of operating expenses, debt-service on any mortgage or deed of trust encumbering the Partnership's property, capital expenditures, and such amounts as may be required by the Partnership (as reasonably determined by the General Partner) to pay Partnership expenses and to maintain reserves and working capital.
Definition of Net Cash Flow. “Net Cash Flow” for a Fiscal Year is computed by deducting from the sum of the interest income and the EBITDA of the Company as reflected in the financial statements for such Fiscal Year (or, for purposes of making the distributions in section 8.5(a), may be estimated based on any information available):
Definition of Net Cash Flow. For purposes of this Agreement, the term "Net Cash Flow" for any calendar year or fraction of a calendar year, shall mean the excess, if any, of (1) the sum of (A) the net income of the Partnership for such calendar year or fraction thereof, plus (B) any funds previously set aside as reserves by the General Partner to the extent that it no longer reasonably regards such reserves as necessary in the efficient control of the Partnership business, over (2) the sum of (A) all amounts payable in such calendar year or fraction thereof on account of the amortization (i.e. principal payments) of any debts of the Partnership (including, without limitation loans secured by mortgages on the Project) other than repayments out of the proceeds of any Capital Transaction (as defined in Section 6.1.B), plus (B) the amount of any funds set aside as reserves or used for capital expenditures by the General Partner plus (C) any other cash expenditures which have not been deducted in determining net income of the Partnership.
Definition of Net Cash Flow. For purposes of this Agreement, Net Cash Flow shall mean the sum of the net profits and losses of the company for Federal income tax purposes as determined by the company's accountants plus the amount of depreciation and/or amortization and any other non-cash expenses
Definition of Net Cash Flow. “Net Cash Flow” of the Partnership shall be computed by deducting from the gross amounts received by the Partnership from all sources: (i) all operating expenses of the business, including management fees (if any), taxes, and insurance premiums, but excluding depreciation and amortization allowances, (ii) interest and principal payments on indebtedness of the Partnership (including advances by Partners in accordance with section 5.3), (iii) proceeds from borrowing or proceeds from the sale, exchange or other disposition of Partnership assets, (iv) additions to reserves, (v) all cash expenditures for fixed asset additions, improvements and replacements, (vi) capital contributions, and (vii) any other amounts that the General Partner determines, in its sole discretion, shall be retained for investment in the Partnership business.
Definition of Net Cash Flow. The term Net Cash Flow shall be calculated on a Lease Year basis and shall be defined as:
Definition of Net Cash Flow. “Net Cash Flow” of the Company shall be computed by deducting from the gross amounts received by the Company from all sources: (i) all operating expenses of the Company, including taxes, insurance premiums, and materials but excluding depreciation and amortization allowances, (ii) interest and principal payments on indebtedness of the Company (including advances by Members in accordance with section 4.3), (iii) proceeds from borrowing or proceeds from the sale, exchange or other disposition of Company assets, (iv) additions to reserves, (v) all cash expenditures for fixed asset additions, improvements and replacements, and purchase of inventory (vi) capital contributions, and (vii) any other amounts that the Managing Member determines, in its sole discretion, shall be retained for investment in the Company business.
Definition of Net Cash Flow. Net Cash Flow" of the JV Project as determined for any period shall be computed by deducting from the gross revenues received by the JV Project during each quarterly period from all sources all of the following items: (a) all operating expenses of the business accrued or payable during such period, taxes payable by PRIME, and insurance premiums, but excluding depreciation and amortization allowances, (b) interest and principal payments on indebtedness of the PRIME (including loans that may have been made by management and accrued during such period, (c) proceeds received from investment into the PRIME other than insiders or management, (d) additions to Reserves, (e) anticipated working capital and fixed asset requirements for future periods as determined by the annual operating annual budget of the JV Project, (f) those attributable to the PRIME Historical Business.
Definition of Net Cash Flow. “Net Cash Flow” of the Company shall be computed by deducting from the gross amounts received by the Company from all sources: (i) all operating expenses of the business, including management fees (if any), taxes, and insurance premiums, but excluding depreciation and amortization allowances, (ii) interest and principal payments on indebtedness of the Company (including advances by Members in accordance with section 5.3), (iii), proceeds from borrowing or proceeds from the sale, exchange or other disposition of Company assets, (iv) additions to reserves, (v) all cash expenditures for fixed asset additions, improvements and replacements, (vi) capital contributions, and (vii) any other amounts that the Managing Member determines, in its sole discretion, shall be retained for investment in the Company business.
Definition of Net Cash Flow. (a) the taxable income of the Partnership for federal income tax purposes as shown on the books of the Partnership, increased by (1) the amount of depreciation deductions or amortization, or similar deductions in lieu thereof, taken in computing such taxable income, (2) any non-taxable income or receipts of the Partnership, except (i) capital contributions and (ii) the proceeds of any mortgages or any Partnership obligations or loans to the extent used to finance capital improvements and/or replacements, and reduced by (3) payments upon the principal of any Partnership obligations or loans, (4) non-deductible expenses of the Partnership and such reserves, as may be established to meet anticipated expenses or other cash requirements of the Partnership as the General Partners shall deem to be reasonably necessary in the efficient conduct of the Partnership business or as may be required by creditors of the Partnership; plus
