Net Available Cash Flow definition

Net Available Cash Flow means with respect to any period, the cash receipts of the Company during such period from any and all sources, including cash proceeds from Capital Contributions, borrowings, and sales of property, less the portion thereof used during such period to pay (or establish reasonable reserves for) all Company expenses and obligations, debt payments, all costs of capital improvements, expansions and replacements, contingencies, and any other proper cash expenditure of the Company. All reserves for working capital, capital expenditures, future fixed or contingent obligations and other purposes shall be established and funded in such amounts as may be approved from time to time by the Manager subject to the Sole Member’s approval. “Net Available Cash Flow” shall not be reduced by depreciation, amortization or similar non-cash allowances. In no event shall “Net Available Cash Flow” exceed the amount by which the fair market value of the assets of the Company exceed all liabilities of the Company, other than interest or principal due with respect to Sole Member loans, to be determined in accordance with Section 29-706 of the Act.
Net Available Cash Flow means with respect to any period, the Company’s gross cash receipts derived from any source whatsoever (not including Capital Contributions and refundable deposits until no longer refundable), reduced by the portion thereof used to pay or establish reasonable reserves for all Company expenses, debt payments and accrued interest (including principal and interest payments on loans made to the Company by Members and non-Members), contingencies, and proposed acquisitions, as determined by the Management Committee. Net Available Cash Flow shall not be reduced by depreciation, amortization, cost recovery deductions, or similar allowances.
Net Available Cash Flow means all cash amounts received by the Sub-Lessee, including payments received under the Facilities Lease, reduced by the sum of (i) any payment required to be made pursuant to the Financing documents, and (ii) Operating Expenses.

Examples of Net Available Cash Flow in a sentence

  • The Manager may distribute the Net Available Cash Flow of the Company for each fiscal year at the end of each fiscal year (or more frequently as the Sole Member may deem appropriate) to the Sole Member.

  • Subject to Sections 6.2, 6.4, 6.6 and ARTICLE XII, distributions of Net Available Cash Flow shall be made as and when determined by the Management Committee to the Members, pro rata, in accordance with their respective Percentage Interests, provided, however, that any such distribution shall be subject to restrictions that may be imposed upon the Company by third party lenders.

  • The Management Committee does not intend to make a distribution of Net Available Cash Flow to the Members if any such distribution would be required to be returned by the Members in accordance with the foregoing.

  • Any such guaranteed payment shall constitute a Company expense and shall accordingly reduce Net Available Cash Flow, proceeds available for distribution pursuant to Section 12.2, and any allocations of Profits and Losses provided for elsewhere in this Agreement.

  • Over time, these small losses can add up to changing the physical character and function of the islands.


More Definitions of Net Available Cash Flow

Net Available Cash Flow shall not be reduced by depreciation, amortization, cost recovery deductions, or similar allowances.
Net Available Cash Flow means, with respect to any period, the Company’s gross cash receipts derived from any source whatsoever, excluding Capital Contributions, reduced by the portion thereof used to pay or establish reasonable reserves for all Company expenses, debt payments and accrued interest (including principal and interest payments on loans made to the Company by non-Members and by the Members), contingencies, and proposed acquisitions, as determined by the Management Board. “Net Available Cash Flow” shall not be reduced by depreciation, amortization, cost recovery deductions, or similar allowances.
Net Available Cash Flow means, with respect to any period, the Company’s gross cash receipts derived from any source whatsoever, excluding Capital Contributions, reduced by the portion thereof used to pay or establish reasonable reserves for all Company operating expenses and capital expenses, debt payments and accrued interest (including principal and interest payments on loans made to the Company by non-Members, Members and Unit Holders), contingencies, as determined by the Manager.
Net Available Cash Flow means, for any period, the Company's gross cash receipts derived from any source including, but not limited to, gross receipts from sales and licensing of the Products (excluding only the proceeds from the Sale of all or substantially all of the Company's assets), less the portion thereof used to pay or establish reasonable reserves for all Company expenses, debt and interest payments, asset acquisitions, capital improvements, expansions, repairs, replacements, contingencies, and any other proper cash expenditure of the Company as reasonably determined by a Majority of the Managers. "Net Available Cash Flow" will not be reduced by depreciation, amortization, cost recovery deductions or similar allowances. "Net Available Cash Flow" may not exceed the amount by which the fair value of the assets of the Company exceeds all liabilities of the Company, other than interest or principal due with respect to member loans, to be determined in accordance with Section 29-706 of the Act.
Net Available Cash Flow means, for any period, the excess of gross cash receipts of [DVR] (exclusive of capital contributions to [DVR] and, except to the extent a Majority- in-Interest determines otherwise, proceeds received from any borrowings by [DVR]) over cash disbursements for: (i) all operating costs (excluding severance payments under a [MSA] between [DVR] and a former member of [DVR]); (ii) all principal and interest payments on debts (including member loans); (iii) all asset acquisition costs and capital costs necessary for the maintenance, repair, and improvement of [DVR]’s assets; and (iv) reasonable reserves, as determined by a Majority-in-Interest. Net Available Cash Flow will not be reduced by depreciation, cost recovery deductions, and other non-cash charges. Further, for purposes of calculating Net Available Cash Flow, the amount of compensation paid to other members of [DVR] under their respective Member Services Agreement will be equal to the compensation paid to such members as of the termination of Member’s engagement hereunder, regardless of whether the actual compensation paid to such members changes following Member’s termination date.[3]
Net Available Cash Flow means, as of any date of determination, the ----------------------- amount (if any) by which Available Cash Flow for the fiscal period commencing on the Completion Date and ending on the last day of the then most recently-ended Fiscal Quarter exceeds the aggregate of all permanent reductions of the Commitment made pursuant to Section 2.6 through that --- date.
Net Available Cash Flow for any Dividend Period shall mean the Corporation's net income (loss) before interest and taxes, as determined in accordance with generally accepted accounting principles, plus depreciation, amortization and other non-cash charges reducing net income, minus all payments of principal and interest on the Corporation's indebtedness, income taxes of the Corporation (calculated as if the Corporation filed all of its income tax returns on a stand-alone basis) and the amount expended by the Corporation for capital expenditures during the Dividend Period.