Common use of Distributable Cash Clause in Contracts

Distributable Cash. (A) Following the end of each calendar month the amount of Distributable Cash for the immediately preceding calendar month shall be determined, and, subject to the provisions set forth herein, such Distributable Cash amount shall be distributed promptly to the Partners as provided in Section 7.4. Notwithstanding any other provision of this Agreement, the Partnership shall not be required to make any distribution if such distribution is prohibited by Section 17-607 of the Act. (B) The amount of the Partnership's Distributable Cash for any calendar month shall be the Partnership's net cash provided or used by operating activities for such month (determined in accordance with GAAP) less (i) cash used in financing activities for repayment of long term debt (including but not limited to bonds and Partner Loans) and (ii) any capitalized interest. If the resulting Distributable Cash for any calendar month is negative, no distribution of cash will be made to any Partner until after such amount is reserved from future positive amounts.

Distributable Cash. (A1) Following the end of each calendar month the amount of Distributable Cash for the immediately preceding calendar month shall be determined, and, subject to the provisions set forth herein, such Distributable Cash amount shall be distributed promptly to the Partners as provided in Section 7.4. Notwithstanding any other provision of this Agreement, the Partnership shall not be required to make any distribution if such distribution is prohibited by Section 17-607 of the Act. (B2) The amount of the Partnership's Distributable Cash for any calendar month shall be the Partnership's net cash provided or used by operating activities for such month (determined in accordance with GAAP) less (i) cash used in financing activities for repayment of long term debt (including but not limited to bonds and Partner Loans) and (ii) any capitalized interest. If the resulting Distributable Cash for any calendar month is negative, no distribution of cash will be made to any Partner until after such amount is reserved from future positive amounts.