Net Distributed Cash Flow

Net Distributed Cash Flow. Means, with respect to each Allocation Year, the amount of cash distributed in that calendar year by UAE Holdings and MSW I to their respective shareholders or members, as the case may be, attributed to the partners' equity investment and interest payments on the $40 Million Senior Note (specifically excluding any distributions attributable to Mecklenburg and the principal and interest on the $45 Million Senior Note that is due in ... 2006); provided, however, that if in any Allocation Year there is an Extraordinary Distribution, the Committee shall have the discretion to treat such distribution as Net Distributed Cash Flow or adjust the Exercise Price of Options under Section 10.2 of the United American Energy Holdings Corp. 2004 Stock Option Plan effective January 1, 2004, provided that at such time as the Exercise Price of Options is reduced to zero the Committee may not exercise such discretion and Extraordinary Distributions shall be treated as Net Distributed Cash Flow (except for any part of an Extraordinary Distribution to which a Participant becomes entitled to receive as a dividend distribution on Shares received from exercising Options). View More