Distributions of Net Cash Flow. All Net Cash Flow, if any, realized by or available to the Partnership shall first be applied or added to a reasonable reserve retained for working capital needs or to provide funds for contingencies and expenses of the Partnership, (all as determined in the sole discretion of the General Partner or as required by any loan agreement or instrument of the Partnership), and the balance, if any, shall be distributed, (from time to time in the sole discretion of the General Partner, but in the event, no less frequently than quarterly), in the following order of priority to the extent available:
Appears in 4 contracts
Samples: Limited Partnership Certificate and Agreement (Flanigans Enterprises Inc), Limited Partnership Certificate and Agreement (Flanigans Enterprises Inc), Limited Partnership Certificate and Agreement (Flanigans Enterprises Inc)
Distributions of Net Cash Flow. All Net Cash Flow, if any, realized ------------------------------ by or available to the Partnership shall first be applied or added to a reasonable reserve retained for working capital needs or to provide funds for contingencies and expenses of the Partnership, (all as determined in the sole discretion of the General Partner or as required by any loan agreement or instrument of the Partnership), and the balance, if any, shall be distributed, (from time to time in the sole discretion of the General Partner, but in the event, no less frequently than quarterly), in the following order of priority to the extent available:
Appears in 3 contracts
Samples: Certificate and Agreement (Flanigans Enterprises Inc), Limited Partnership Certificate and Agreement (Flanigans Enterprises Inc), Certificate and Agreement (Flanigans Enterprises Inc)
