Examples of Net Available Cash in a sentence
Such Capital Account shall be decreased by (i) the amount of Net Available Cash distributed to the Member by the Company pursuant to Section 5 hereof; and (ii) such Member's allocable share of Losses pursuant to Section 4.2 hereof.
Subject to applicable provisions of the Code and Regulations, Net Available Cash shall be distributed to the Members in proportion to their Membership Percentages at such times and in such amounts as the Managers shall determine.
On each Payment Date, the Company shall provide to the Administrative Agent, for further distribution to the Lenders, a statement setting forth each Borrower’s Available Cash and Net Available Cash, and the amounts required to be applied by each Borrower to payment of principal and interest on the Loans and fees and other amounts due hereunder, in each case together with reasonably detailed calculations.
Commitment Fees shall be payable on each payment date pursuant to the foregoing clause (x) only to the extent of Net Available Cash on such date.
The Company shall be required to make distributions to Members sufficient to enable each Member to pay taxes on allocations to them of Net Available Cash Flow of the Company.