Adjusted Available Cash means, as of any date of determination, the sum of Available Cash and REIT Available Cash.

Adjusted Available Cash means, in respect of any quarter, any remaining available cash that would be deemed to be operating surplus under the NEP OpCo partnership agreement before giving effect to the payment of the IDR Fee and after giving effect to the payment of the Series A distribution amount; provided that, if NEP OpCo has adjusted available cash less than the base incentive amount for any quarter, “adjusted available cash” means, in respect of such quarter, any remaining available cash that would be deemed to be operating surplus under the NEP OpCo partnership agreement before giving effect to the payment of the IDR Fee, after giving effect to the payment of the Series A distribution amount, and after subtracting the aggregate amount that would be required to be distributed to NEP OpCo voting and non-voting common unitholders to equal the product of the base unit amount on the applicable record date for such quarter multiplied by the first target quarterly distribution.

Adjusted Available Cash means, with respect to any Fiscal Quarter ending prior to the Liquidation Date, (a) the sum of all cash and cash equivalents on-hand at the end of a Fiscal Quarter, less (b) an amount of cash reserves established by the Managing Member to cover the reasonably anticipated working capital needs of the Company in the then-current Fiscal Quarter, which amount shall not exceed $500,000. Notwithstanding the foregoing, “Adjusted Available Cash” with respect to the Fiscal Quarter in which the Liquidation Date occurs and any subsequent Fiscal Quarter shall equal zero.

Examples of Adjusted Available Cash in a sentence

A cumulated Adjusted Available Cash per Share for Distribution in excess of HK$2.40 will not give rise to any further entitlement.
As noted in the paragraph headed “3.4 Granting and Vesting Conditions of RSUs under the Scheme” above, no Grants will be made if the total cumulative Adjusted Available Cash per Share for Distribution for the Reference Period is equal to or less than HK$2.10 per Share.
The Scheme provides additional formulas for the number of RSUs to be granted upon the occurrence of an M&A Event, which we consider fair and reasonable given the potential distortive effect of an M&A Event on the Adjusted Available Cash per Share for Distribution.
The granting of the RSUs to the Participants will depend on the level of the Adjusted Available Cash per Share for Distribution achieved, on an aggregated basis, during the 2018, 2019 and 2020 Financial Years.
The determination of the pro rata amount of Available Cash and Adjusted Available Cash shall be by the Maker and its determination shall be binding on the Payee.

More Definitions of Adjusted Available Cash

Adjusted Available Cash means, with respect to the last day of any month ending prior to the Liquidation Date:

Adjusted Available Cash with respect to the Quarter in which the Liquidation Date occurs and any subsequent Quarter shall equal zero.

Adjusted Available Cash means, in respect of any Quarter, (a) for all purposes other than Section 7.4.3.1 through Section 7.4.3.3 any remaining Available Cash that would be deemed to be Operating Surplus under Section 6.3 or Section 6.5 of the Partnership Agreement before giving effect to the payment of the IDR Fee and after giving effect to the payment of the Series A Distribution Amount, (b) for the purposes of Section 7.4.3.1 through Section 7.4.3.3, any remaining Available Cash that would be deemed to be Operating Surplus under Section 6.3 or Section 6.5 of the Partnership Agreement before giving effect to the payment of the IDR Fee and after giving effect to the payment of the Series A Distribution Amount, after subtracting the aggregate amount that would be required to be distributed to holders of Common Units to equal the product of the Base Unit Amount on the Record Date for such Quarter multiplied by the First Target Quarterly Distribution;

Adjusted Available Cash means, in respect of any Quarter, any remaining Available Cash that would be deemed to be Operating Surplus under Section 6.3 or Section 6.5 of the Partnership Agreement before giving effect to the payment of the IDR Fee, after subtracting (a) any Aggregate Shortfall and (b) the aggregate amount that would be required to be distributed to Unitholders to equal the product of the total Common Units Outstanding on the Record Date for such Quarter multiplied by the First Target Quarterly Distribution;

Adjusted Available Cash means, with respect to any Fiscal Quarter ending prior to the Liquidation Date, (a) the sum of all cash and cash equivalents on-hand at the end of a Fiscal Quarter, excluding, however, any Special Proceeds, less (b) an amount of cash reserves established by the Managing Member to cover the reasonably anticipated working capital needs of the Company in the then-current Fiscal Quarter, which amount shall not exceed $500,000. Notwithstanding the foregoing, “Adjusted Available Cash” with respect to the Fiscal Quarter in which the Liquidation Date occurs and any subsequent Fiscal Quarter shall equal zero.

Adjusted Available Cash means, in respect of any Quarter, (a) for all purposes other than Section 7.4.2.1 through Section 7.4.2.3 any remaining Available Cash that would be deemed to be Operating Surplus under [Section 6.3] or [Section 6.5] of the Partnership Agreement before giving effect to the payment of the IDR Fee and after giving effect to the payment of the Series A Distribution Amount, (b) for the purposes of Section 7.4.2.1 through Section 7.4.2.3, any remaining Available Cash that would be deemed to be Operating Surplus under [Section 6.3] or [Section 6.5] of the Partnership Agreement before giving effect to the payment of the IDR Fee and after giving effect to the payment of the Series A Distribution Amount, after subtracting the aggregate amount that would be required to be distributed to holders of Common Units to equal the product of the Base Unit Amount on the Record Date for such Quarter multiplied by the First Target Quarterly Distribution;”