Examples of Net Cash From Operations in a sentence
For purposes of this Operating Agreement, "Net Cash From Operations" means the gross cash proceeds from Company operations less the portion thereof used to, or expected to be used to, pay expenses, debt payments, capital improvements, replacements and increases to reserves therefor.
For the purposes hereof, the term "Net Cash From Operations" shall mean the gross cash proceeds from Company operations less the portion thereof used to pay or establish reserves for Company expenses, debt payments, capital improvements, replacements, guaranteed payments and contingencies, all as determined by the Members.
The Members shall receive, in proportion to their respective Percentage Interests in the Company, as much of the Company's Net Cash From Operations as the Members may from time to time determine.
Except as otherwise provided in Article X hereof relating to liquidation of the Partnership, Net Cash From Operations, if any, shall be distributed to the Partners, at such times as the Board may reasonably determine, in proportion to the Partners’ respective Percentage Interests.
Except as otherwise provided in Article VII hereof, Net Cash From Operations, if any, shall be distributed, at such times as a Majority in Interest of the Class A Common Members may determine, to the Unit Holders in accordance with their respective Profits and Losses percentages set forth beside their names on Schedule A.