Available Funds

Defined Term

Definition Information


"Available Funds" means the Company's gross cash receipts from operations, less the sum of: (a) payments of principal, interest, charges, and fees pertaining to the Company's indebtedness; (b) expenditures incurred incident to the usual conduct of the Company's business; and (c) amounts reserved to meet the reasonable needs of the Company's business in the future as determined by the Manager in its sole discretion.

Definition Category:Available Funds

Definition Variations


Loading Spinner

Source Contracts


Loading Spinner