Allocated Headquarters Costs definition
Allocated Headquarters Costs means, with respect to any Territory for any period, the product of (x) the Total Headquarters Costs for such period, multiplied by (y) a fraction, expressed as a decimal to the nearest one-thousandth, the numerator of which is the portion of the systemwide sales (as set forth in the consolidated financial statements of the Obligor and its consolidated Subsidiaries) of the Obligor and its Subsidiaries for such period attributable to the Subsidiaries incorporated or organized (or operating exclusively or holding assets) in such Territory and the denominator of which is the total the systemwide sales of the Obligor and its Subsidiaries for such period.