Common use of New Store Commitments Clause in Contracts

New Store Commitments. The Company shall not enter into any New Store Commitment if at such time (i) the Coffeehouse Level EBITDA Margin for the Reference Period ended December 30, 2007 and each Reference Period thereafter is less than 15% of Coffeehouse Level Sales for such Reference Period, or (ii) the aggregate Available Amount is less than (A) the budgeted amount of Capital Expenditures for outstanding New Store Commitments (including the New Store Commitment in question, and assuming that the budgeted amount of Capital Expenditures for any New Store Commitment for which a Capital Expenditure budget has not been determined is $300,000), less (2) the aggregate amount of Capital Expenditures made toward New Store Commitments prior to the opening of each such store.

Appears in 2 contracts

Samples: Lease and License Financing and Purchase Option Agreement (Caribou Coffee Company, Inc.), Credit Agreement (Caribou Coffee Company, Inc.)

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New Store Commitments. The Permit the Company shall not to enter into any New Store Commitment if at such time (iA) the Coffeehouse Level EBITDA Margin for the Reference Period ended December 30, 2007 and each Reference Period thereafter is less than 15% of Coffeehouse Level Sales for such Reference Period, or (iiB) the aggregate Available Amount is Revolving Commitments of all Lenders are less than (A1) the budgeted amount of Capital Expenditures for outstanding New Store Commitments (including the New Store Commitment in question, and assuming that the budgeted amount of Capital Expenditures for any New Store Commitment for which a Capital Expenditure budget has not been determined is $300,000), less (2) the aggregate amount of Capital Expenditures made toward New Store Commitments prior to the opening of each such store.

Appears in 1 contract

Samples: Credit Agreement (Caribou Coffee Company, Inc.)

New Store Commitments. The Permit the Company shall not to enter into any New Store Commitment if at such time (iA) the Coffeehouse Level EBITDA Margin for the Reference Period ended December 30, 2007 and each Reference Period thereafter is less than 15% of Coffeehouse Level Sales for such Reference Period, or (iiB) the aggregate Available Amount is Revolving Commitments of all Lenders are less than (A1) the budgeted amount of Capital Expenditures for outstanding New Store Commitments (including the New Store Commitment in question, and assuming that the budgeted amount of Capital Expenditures for any New Store Commitment for which a Capital Expenditure budget has not been determined is $300,000), less (2) the aggregate amount of Capital Expenditures made toward New Store Commitments prior to the opening of each such storeNew Store.

Appears in 1 contract

Samples: Credit Agreement (Caribou Coffee Company, Inc.)

New Store Commitments. The Company shall not enter into any New Store Commitment if at such time (i) the Coffeehouse Level EBITDA Margin for the Reference Period most recently ended December 30, 2007 and each Reference Period thereafter is less than 1516% of Coffeehouse Level Sales for such Reference Period, Period or (ii) the aggregate Available Amount is less than (A) the budgeted amount of Capital Expenditures for outstanding New Store Commitments (including the New Store Commitment in question, and assuming that the budgeted amount of Capital Expenditures for any New Store Commitment for which a Capital Expenditure budget has not been determined is $300,000), less (2B) the aggregate amount of Capital Expenditures made toward New Store Commitments prior to the opening of each such storeStore.

Appears in 1 contract

Samples: Lease and License Financing and Purchase Option Agreement (Caribou Coffee Company, Inc.)

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New Store Commitments. The Company shall not enter into any New Store Commitment if at such time (i) the Coffeehouse Level EBITDA Margin for the Reference Period ended December 30, 2007 and each Reference Period thereafter is less than 15% of Coffeehouse Level Sales for such Reference Period, or (ii) the aggregate Available Amount is less than (A) the budgeted amount of Capital Expenditures for outstanding New Store Commitments (including the New Store Commitment in question, and assuming that the budgeted amount of Capital Expenditures for any New Store Commitment for which a Capital Expenditure budget has not been determined is $300,000), less (2) the aggregate amount of Capital Expenditures made toward New Store Commitments prior to the opening of each such storeNew Store.

Appears in 1 contract

Samples: Lease and License Financing and Purchase Option Agreement (Caribou Coffee Company, Inc.)

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