Net Distributable Cash Flow definition

Net Distributable Cash Flow means cash flow generated by the Company actually distributed subsequent to payment of all costs and expenses of operation and allocation of a reasonable reserve for working capital, depreciation and Liquidity Reserves.

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Net Distributable Cash Flow means all gross income received by the Company for operation of the Project less (i) taxes paid by the Company from the ownership and operation of the Project, (ii) all payments due hereunder, including without limitation those payments due pursuant to Subsection 2.2(c) and Sections 4.1 and 4.2 below, (iii) the Company’s operational and maintenance costs, including major maintenance accrual, of the Project, (iv) all debt service, debt service reserves, and other reserves required by any lender to the Company of loans to pay costs of the construction or operation of the Project. All transactions between the Company and any Related Party shall be at commercially reasonable rates and terms. Net Distributable Cash Flow is intended to reflect the annual available cash benefits to shareholders of the Company.

Net Distributable Cash Flow means all gross income received by the Company for operation of the Project less (i) taxes paid by the Company from the ownership and operation of the Project, (ii) the Company’s operational and maintenance costs, including major maintenance accrual, of the Project, (iii) all debt service, debt service reserves, and other reserves required by any lender to the Company of loans to pay costs of the construction or operation of the Project. All transactions between the Company and any Related Party shall be at commercially reasonable rates and terms. Net Distributable Cash Flow is intended to reflect the annual available cash benefits to shareholders of the Company

Examples of Net Distributable Cash Flow in a sentence

Except for distributions arising in connection with the liquidation of the Company which shall be handled as provided in Section 8.3, the Net Distributable Cash Flow of the Company shall be distributed periodically when and as directed by the Executive Committee, to the Members in proportion to their Interests.
If in any year 10% of the Net Distributable Cash Flow is less than $5,000,000 and, thus, the contribution to the Trust is less than $5,000,000, the Company shall allow the City and/or the Trust to review the Company’s audited accounts and to conduct an audit of the Company to verify the calculation of the Net Distributable Cash Flow and the amount of the contribution.
The purposes of the Executive Committee shall be (i) to establish strategic and business objectives of the Company, (ii) to monitor the performance of the General Manager, (iii) to decide upon the timing and amount of the distribution of Net Distributable Cash Flow to the Members, and (iv) to attend to such other policy and strategic matters as ordinarily would be vested in a board of directors if the Company were a corporation.

More Definitions of Net Distributable Cash Flow

Net Distributable Cash Flow means any Available Funds after (A) paying the ordinary and necessary expenses of the Company, (B) paying any debts or liabilities of the Company to the extent required under any agreement with any lender or creditor (including either Member) and (C) establishing reserves to meet current or reasonably expected obligations of the Company as the Executive Committee determines in its sole discretion; and

Net Distributable Cash Flow means all cash proceeds from the sale of electrical power generated from geothermal resources produced from the Premises less debt service, operating cost, insurance, legal, accounting, or other expert or consulting services, taxes including but not limited to severance and property taxes and other expenses or costs directly attributable to ownership or operation of the power plant and reasonable overhead and administrative cost reasonably allocable to the management of the power plant.

Net Distributable Cash Flow of any Person for any period means all income received by such Person during such period, less (i) all expenses of such Person paid during such period, including but not limited to legal and accounting fees and disbursements, banking and investment banking fees, brokerage fees, and other internal and third party fees and costs, (ii) all amounts paid by such Person during such period pursuant to any requirement of the ICC, (iii) all amounts paid by such Person during such period pursuant to the Yesco Note and the AJG Subordinated Loan, (iv) federal, state and local taxes paid by such Person during such period and an amount to be reasonably reserved to pay all such taxes that will become payable by such Person, (v) in the event of a liquidation of such Person, all amounts paid by such Person during such period to liquidate all other financial and contractual liabilities and wind up the affairs of such Person, and (vi) a reasonable reserve for anticipated capital expenditures and working capital requirements.