Distributable Cash Flow definition

Distributable Cash Flow means the cash flow available for distribution to Shareholders as dividends as described under “Dividends”;

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Distributable Cash Flow means any Available Funds after (i) paying the ordinary and necessary expenses of the Company, (ii) paying any debts or liabilities of the Company to the extent required under any agreement with any lender or creditor (including any Member) and (iii) establishing reserves to meet current or reasonably expected obligations of the Company as the Management Committee determines in its sole discretion.

Distributable Cash Flow means, for any Distribution Period, an amount equal to the Cash Flow for such Distribution Period, less any amount that the Board may reasonably consider to be necessary to provide for the payment of any costs or expenses, including any tax liability of Holding GP or the Fund, that have been or are reasonably expected to be incurred in the activities and operations of Holding GP or the Fund (to the extent that such costs or expenses have not otherwise been taken into account in the calculation of the Cash Flow) and less such reserves or amounts as are, in the opinion of the Board, necessary or desirable;

Examples of Distributable Cash Flow in a sentence

• Except as otherwise provided in Section 9.2 regarding liquidation proceeds, the Managers shall distribute Distributable Cash Flow to the Members pro rata based on their respective Sharing Ratios at such time and in such manner as the Managers may, in their sole discretion, determine.

• If Available Cash Flow as shown in the Quarterly Financials for any Fiscal Quarter results in the Distributable Cash Flow for that Fiscal Quarter being a positive number, a distribution with respect to such Fiscal Quarter will be made by the Clorox Partners to the P&G Partners within three (3) Business Days after delivery of such Quarterly Financials and each Clorox Partner will be deemed to have received a distribution on that same date.

• Except as otherwise provided in this Section 3.4 or Article VI, all distributions of Distributable Cash Flow from any Fiscal Quarter will be made to the JV Partners pro rata in accordance with their respective Ordinary JV Interests as of the last day of such Fiscal Quarter so that the amount distributed to the P&G Partners will equal its Ordinary JV Interest as of such day multiplied by the aggregate amount of Distributable Cash Flow.

• Any distributions of Distributable Cash Flow pursuant to this Section 3.4(c) will reduce the amount of Distributable Cash Flow available for distribution pursuant to Section 3.4(a) and 3.4(b) hereof.

• TechCom shall provide such services as an independent contractor, and payments of the management fee to TechCom shall constitute payments for services rendered and shall thus be accounted for as an expense of the Company and be paid prior to any distribution of Distributable Cash Flow hereunder.

More Definitions of Distributable Cash Flow

Distributable Cash Flow means taxable income reportable by a

Distributable Cash Flow means, in respect of the Trust, the distributable cash flow for, or in respect of, a Distribution Period; and is equal to the Cash Flow for such Distribution Period less any amount that the Trustee may reasonably consider to be necessary to provide for the payment of any costs or expenses, including any tax liability of the Trust, that have been or are reasonably expected to be incurred in the activities and operations of the Trust (to the extent that such costs or expenses have not otherwise been taken into account in the calculation of the Cash Flow of the Trust) and less such reserves or amounts as are, in the opinion of the Trustee, necessary or desirable;

Distributable Cash Flow has the meaning assigned to such term in the Partnership Agreement, as in effect on the Initial Issuance Date.

Distributable Cash Flow means any Available Funds not required to meet current or anticipated obligations of the Company, as determined by the Managers in their sole discretion. In determining what cash is available for distribution, the Managers may retain such amounts as the Managers in their sole discretion determine will be required to pay the Company's debts, obligations and expenses, whether then accrued or anticipated to accrue in the future.

Distributable Cash Flow means, without duplication, as of any date of determination, an amount equal to the aggregate sum of the following for the MLP and its Subsidiaries on a consolidated basis, in each case calculated for the immediately preceding fiscal quarter (provided, however, with respect to the fiscal quarter ending on June 30, 2021, such calculation shall be made after giving effect to the making of the Loan): (a) Consolidated Net Income plus (b) to the extent deducted in determining Consolidated Net Income, (i) provision for federal, state and local taxes payable (other than cash taxes paid or payable during such relevant period), (ii) interest expense (other than cash interest paid or payable during such relevant period), (iii) depreciation and amortization expense, (iv) non-cash unit based compensation expense, and (v) the MLP’s proportional share of the adjustments described in the foregoing clauses (i) through (iii) attributable to the equity method investee of the MLP and its Subsidiaries, minus (c) (i) Maintenance Capital Expenditures and (ii) the aggregate amount of Restricted Payments previously made pursuant to Section 7.06(e) during the fiscal quarter in which such date of determination occurs.

Distributable Cash Flow means (i) the sum of (A) all interest payments received by the Company from any Loans or Company Investments and (B) the cash flow from received by the Company from Projects and (C) penalties paid by contractors to the Company in the event that the agreement with such contractor requires it make penalty payments to the Company less (ii) all expenses of the Company incurred in connection with the operation and business of the Company (including but not limited to debt service and the fees and charges payable to the General Partner and its affiliates) as well as any reserves established for future needs as the General Partner shall determine. For purposes of clarity it is acknowledged and agreed that any repayment of principal of any Loans or any Company Investments shall not constitute Distributable Cash Flow and the General Partner may utilize the amount received from any repayments of principal of Loans and Company Investments for any purpose or activities permitted under the Partnership Agreement.

Distributable Cash Flow means, with respect to any Fiscal Quarter or other period, Available Cash Flow for such Fiscal Quarter or other Period minus any payments required to be made pursuant to Section 3.4(d) hereof.