Comparable Restaurant definition

Comparable Restaurant means a restaurant operated under the Chipotle Mexican Grill and/or Pizzeria Locale brands by the Company or its direct or indirect Subsidiaries, beginning in such restaurant’s 13th full calendar month of operations.
View Source
Comparable Restaurant. Each Restaurant continuously owned and --------------------- operated by the Borrower or a Subsidiary during the 24 fiscal months of the Borrower prior to the date of determination.
View Source
Comparable Restaurant means a restaurant operated under the Chipotle Mexican Grill, Pizzeria Locale, and/or TastyMade brands by the Company or its direct or indirect Subsidiaries, beginning in such restaurant’s 13th full calendar month of operations.
View Source

Examples of Comparable Restaurant in a sentence

  • The performance criteria under this Incentive Award shall be 3 Year Comparable Restaurant Sales (“CRS”) Growth (for the period from January 1, 2018 to December 31, 2020) and 2 Year Average Restaurant Cash Flow (“RCF”) Margin (for the period from January 1, 2019 to December 31, 2020), as such terms are defined below.

  • CRS Component refers to the portion of the Incentive Award that is based on growth in Comparable Restaurant Sales (as defined below) during the Performance Period.

  • The ------------------------------------------------- Borrower will not permit the Average Annual Comparable Restaurant Sales Growth as of the last day of any fiscal quarter to be negative.

  • The Borrower will not permit the Average Annual Comparable Restaurant Sales Growth to be less than one percent (1%), as of the last day of any fiscal month.

  • The ------------------------------------------------- Borrower will not permit the Average Annual Comparable Restaurant Sales Growth to be less than one percent (1%), as of the last day of any fiscal quarter.


More Definitions of Comparable Restaurant

Comparable Restaurant. Fiscal Year," "Loan," "Majority Banks," "Note," and "Revolving Commitment Ending Date" contained in Section 1.1 of the Credit Agreement are hereby amended in their entireties to read as follows:
View Source