Operating Proceeds definition

Operating Proceeds means proceeds received by the Company and from the operation of property and assets held, directly or indirectly, by the Company, net of interest and other finance charges paid by Whitehall under any financing(s).

Operating Proceeds for the applicable period means all cash receipts of the Company during such period (excluding Dissolution Proceeds) plus the amount of any cash released from Company reserves during such period, less the following costs and expenses paid during such period (to the extent not paid from reserves): (1) cash operating expenses, (2) interest and principal payments on any indebtedness of the Company, (3) cash expenditures for repairs, supplies, capital improvements, investments in assets and other capital items, and (4) any additions to Company reserves which the Manager causes the Company to make.

Operating Proceeds for the applicable period means all gross cash receipts from operations of the Company during such period (excluding Dissolution Proceeds but including borrowed monies and funds released from reserves by the Management Committee, in its discretion, for previously established reasons), less the following costs and expenses (to the extent as determined by the Management Committee not paid from reserves) and other items paid during such period: (1) operational cash disbursements and cash operating expenses; (2) current interest, principal and debt service paid on any indebtedness of the Company; (3) cash expenditures for capital improvements and other capital items; and (4) a reasonable allowance for reserves, contingencies and anticipated obligations as determined by the Management Committee; provided, Operating Proceeds shall not include any cash arising from refinancing of debt.

Examples of Operating Proceeds in a sentence

• In addition, as of such date, to the extent there is then an Unfunded Participating Investment, Participant will be credited with a reduction of the Unfunded Participating Investment in an amount of the Funding Portion with respect to such Operating Proceeds.

• As and when Whitehall receives Operating Proceeds, Participant shall be entitled to receive an amount equal to (i) the Cash Interest Entitlement plus (ii) the Participating Investment Entitlement.

• If the Unfunded Participating Investment is greater than zero, the “Funding Portion” under this Section 5(a) shall be equal to 25% multiplied by (A) Participant’s Participating Percentage Interest multiplied by such Operating Proceeds minus (B) the Unfunded Carry and, if the Unfunded Participating Investment is zero, the “Funding Portion” shall be zero.

• The Cash Interest Entitlement and the Current Portion of the Participating Investment Entitlement will be payable to the Participant in cash within five business days of Whitehall’s receipt of such Operating Proceeds (as a Cash Distribution) and the remainder of the Participating Investment Entitlement will be escrowed and distributed to Participant in accordance with the vesting provisions set forth in Section 4 hereof.

• Under the Wind Park Easement Agreement, Mesa charges the Partnership rental fees in an amount equal to the greater of 5% of Gross Operating Proceeds or the Partnership's pro rata share (with the other producers of electric energy from wind power on the Operating Site) of the payments due the BLM under the Right-of-Way Grant.

More Definitions of Operating Proceeds

Operating Proceeds means, with respect to each Participating Site in each Reporting Year, the gross revenues before expenses received by the Site Owner (other than Transaction Proceeds) during such Reporting Year.

Operating Proceeds means, for any period, all cash received in such period by the Fund (other than Capital Contributions, the proceeds of Fund Debt and Capital Proceeds), plus any cash that becomes available from reserves, after deducting therefrom the following items for such period:

Operating Proceeds means a Venture Sub’s share of Target Property cash flow from property operations, after the payment of: (i) all property and Venture Sub operating expenses, (ii) debt service and (iii) necessary capital expenditures and reserves.

Operating Proceeds for the applicable period means the gross receipts of the Company during such period plus any reductions in funded reserves arising out of the reversal of such reserves, less the following: (1) cash operating expenses paid during such period, (2) interest and principal paid during such period on any indebtedness of the Company, (3) cash expenditures for capital improvements and other capital items paid during such period, and (4) additions to funded reserves made during such period.

Operating Proceeds means a Venture Sub’s share of Target Property Cash Flow, as calculated in the same manner as in the Cash Flow Forecast to the Private Placement Memorandum and taking into account actual Capital Expenditures and additions to the Forecasted Property Reserve Accounts for the next year as described in the Cash Flow Forecast.

Operating Proceeds for the applicable period means all gross cash receipts from operations of the Company during such period (excluding Dissolution Proceeds as herein defined), less the following costs and expenses (to the extent as determined by the Management Committee not paid from reserves) and other items paid during such period: (1) operational cash disbursements and cash operating expenses; (2) interest, principal and debt service paid on any indebtedness of the Company; (3) cash expenditures for capital improvements and other capital items; and (4) a reasonable allowance for reserves, contingencies and anticipated obligations as determined by Member Bluegreen; provided Operating Proceeds shall not include any cash arising from refinancing of debt.

Operating Proceeds means the positive amount, if any, of (a) all cash and other Property received by the Company other than from a Capital Transaction less (b) the sum of (i) all expenses paid by the Company (but exclusive of any non-cash expenses, such as depreciation), (ii) amortization or other repayment of principal of indebtedness, (iii) capital expenditures and (iv) any reasonable reserves (whether for working capital, capital expenditures or satisfaction of liabilities) established by the Manager (with respect to each of (i), (ii), (iii) and (iv), other than amounts taken into account with respect to the definition of Capital Transaction Proceeds) and increased by (c) the amount of any such reserve that the Manager shall reasonably determine is no longer properly maintained as a reserve.