AUV means average unit volume, which is calculated by dividing total sales for stores open for operations during an entire 52 week period by the number of stores open during such entire 52 week period;
AUV means autonomous underwater vehicle.
AUV. Aggregate Unit Value of the Income Class Units allocated to the Contract immediately prior to the Early Withdrawal
Examples of AUV in a sentence
AUV is calculated by dividing sales during the applicable period for all studios being measured by the number of studios being measured.
AUV growth is primarily driven by changes in same store sales and is also influenced by new studio openings.
Monthly run-rate AUV is calculated as the monthly AUV multiplied by twelve, for studios that are at least 6 months old at the beginning of the respective month.
For a one year period, the annualized AUV return is equal to the percentage change in accumulation unit values.
For periods greater than one year, the annualized AUV return is an average annual change in accumulation unit values, based on the percentage change.
More Definitions of AUV
AUV. Aggregate Unit Value of the Income Class Units allocated to the Contract immediately prior to the Excess Withdrawal “ExWD” Excess Withdrawal We will recalculate the LWA for subsequent years as the product of the new LWA Base multiplied by the current LWA Rate. If there is a GLWB Reset or LWA Base Addition after the Excess Withdrawal, the LWA may change as described in Sections 13.10 and 13.13 of the Contract. Individual Variable Annuity Contract
AUV. Aggregate Unit Value of the Units of that Class allocated to the Contract immediately prior to the Redemption or reclassification
AUV. Aggregate Unit Value of the Units of that Class allocated to the Contract immediately prior to the Redemption or reclassification “WD” Aggregate Unit Value of the Units of that Class Redeemed or reclassified Resetting the Death Benefit Base (Estate Class and Income Class only) Subject to our then current administrative policies, charges and fees, and subject to any applicable legislative or regulatory requirements, every third Contract Anniversary Date until the Annuitant reaches the age of 80 years and on the Contract Anniversary Date in the calendar year in which the Annuitant reaches the age of 80 years, we will increase the Death Benefit Base for Estate Class and Income Class to the Aggregate Unit Value of all Units of that Class allocated to the Contract on such Contract Anniversary Date if such Aggregate Unit Value exceeds the Death Benefit Base of that Class (calculated as if no Late Deposit Reduction then applies) on such Contract Anniversary Date. After the Death Benefit Base is reset as described above, any Late Deposit Reduction that was in effect prior to the reset will continue to apply to a proportionate amount of the Death Benefit Base after the reset as described below. Death Benefit Base Death Benefit of that Class not Base of that Class subject to Late subject to Late Reset Death Benefit Deposit Reduction Reset Death Benefit Deposit Reduction Reset Death Base (including immediately prior to Base (not including immediately prior to Benefit Base (not 80% Late Deposit = the reset x Late Deposit + the reset x including Late x Reduction) Death Benefit Reduction) Death Benefit Deposit Reduction) Base of that Class Base of that Class immediately prior to immediately prior to the reset the reset We reserve the right to discontinue, modify or suspend all or any part of the resets described above at any time by giving you written notice of our intention to do so at least 60 days in advance. A reset of the Death Benefit Base for Estate Class or Income Class will not change the Deposits allocated to that Class or the Contract Maturity Benefit associated with that Class. The Death Benefit Base for Estate Class and Income Class will be reset only while the Annuitant is alive. Any reset of a Death Benefit Base that occurs after the death of the Annuitant will be reversed. Individual Variable Annuity Contract
AUV means average annual sales of the NAF (as defined below) Restaurant segment stores that have been open for a trailing 52 week period or longer. This measure is calculated by dividing total NAF Restaurant segment sales during the 52 week period for all NAF stores in the segment that were open for operations during the entire 52 week period by the number of stores that were open for operations during the entire 52 week period. We apply the average exchange rate over the 52 week period to convert the total NAF Restaurant segment sales for our stores located outside Canada into Canadian dollars. This measure highlights, and allows management to assess, the performance of existing stores open during the period. AUV growth is driven primarily by increases in same-store sales growth and is influenced over time by the opening of new NAF stores as those stores have been in the system for 52 weeks. A store is not included in AUV if it is closed for a week or longer, such as for remodeling, during the 52 week period;
AUV means the annual unit volume calculated based upon the sales of the 2019 Mature Company-Owned Restaurants during FY 2019. Weekly unit volume is based upon the sales of the 2020 Covered Company-Owned Restaurants during each week of the Initial 2020 Period. The average, median, highest and lowest AUV and weekly unit volume data include the total of all food sales and beverage sales, including liquor, wine and beer sales and sales of promotional merchandise.
AUV means the annual unit volume calculated based upon the sales of the 2019 Mature Franchised Restaurants during FY 2019. Weekly unit volume is based upon the sales of the 2020 Covered Franchised Restaurants during each week of the Initial 2020 Period. The sales data was obtained from reports generated by the point-of-sale systems in the applicable Restaurants and has not been audited or independently verified by us for accuracy. The average, median, highest and lowest AUV and weekly unit volume data include the total of all food sales and beverage sales, including liquor, wine and beer sales and sales of promotional merchandise. Sales as shown in Table 1 and 2 do not equate to “Gross Sales” as defined in the Franchise Agreement because the “Gross Sales” definition provides for certain exclusions, including (as examples) refunds provided to customers in connection with resolving customer satisfaction issues, promotional campaigns established by us, taxes and employee meal discounts.