9. DISTRIBUTIONS OF AVAILABLE CASH

We distribute 100% of our available cash (including any held by MGP) within 50 days after the end of each quarter to unitholders of record. Available cash is generally defined in the partnership agreement as all cash and cash equivalents of AHGP and its direct subsidiaries on hand at the end of each quarter less reserves established by AGP in its reasonable discretion for future cash requirements. These reserves are retained to provide for the conduct of our business, the payment of debt principal and interest and to provide funds for future distributions.

Our cash generating assets currently consist entirely of our partnership interests in ARLP, from which we receive quarterly cash distributions. At December 31, 2016, our assets consisted of the following partnership interests in ARLP: a 1.98% general partner interest in ARLP, which we hold through our 100% ownership interest in MGP; the IDR in ARLP, which we hold through our 100% ownership interest in MGP; 31,088,338 common units of ARLP, representing approximately 41.8% of the common units of ARLP; and a 0.001% managing interest in Alliance Coal which we hold through our 100% ownership interest in MGP.

The following table summarizes the quarterly per unit distribution paid during the respective quarter:


	Year
	2016		2015		2014
First Quarter	$	0.9600	$	0.9150	$	0.8275
Second Quarter	$	0.5500	$	0.9375	$	0.8475
Third Quarter	$	0.5500	$	0.9600	$	0.8700
Fourth Quarter	$	0.5500	$	0.9600	$	0.8925

On January 27, 2017, we declared a quarterly distribution of $0.55 per unit, totaling approximately $32.9 million, which was paid on February 17, 2017, to all unitholders of record on February 10, 2017.