Pizza Hut Restaurants definition

Pizza Hut Restaurants means the Pizza Hut and Wing Street restaurants owned and operated by Holdings or any of its Restricted Subsidiaries on the Original Closing Date, and any other Pizza Hut restaurants in which Holdings or any of its Subsidiaries acquires an interest and operates after the Original Closing Date.
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Examples of Pizza Hut Restaurants in a sentence

  • The lawsuits were summarized by the Sixth Circuit as follows:Defendant NPC International, a Kansas corporation, operates Pizza Hut Restaurants in numerous states across the country.

  • Pizza Hut Restaurants recognizes revenue when products are sold at the point of sale.

  • If a long-lived asset or asset group is tested for possible impairment, Pizza Hut Restaurants first compares undiscounted cash flows expected to be generated by an asset or asset group to the carrying value of the asset or asset group.

  • Since liabilities applicable to Pizza Hut Restaurants have not been identified and presented, separate statements of cash flows are not presented.

  • The primary penalty in these instances is the detriment associated with the leasehold improvements which might be impaired if Pizza Hut Restaurants chooses not to exercise renewal options.

  • The Statements of Assets Acquired and Liabilities Assumed represent the assets of Pizza Hut Restaurants which are expected to be acquired by NPC and exclude land and buildings owned by Pizza Hut, Inc., which will be leased by NPC from Pizza Hut, Inc.

  • As described in Note 2(a), the accompanying Statements of Revenues and Direct Operating Expenses of Pizza Hut Restaurants include all costs applicable to Pizza Hut Restaurants which were incurred in connection with the operation of Pizza Hut Restaurants and for which specific identification was practical.

  • Certain costs incurred by Pizza Hut, Inc., which represent the cost of doing business and for which specific identification to an individual restaurant is not practical, have been allocated to Pizza Hut Restaurants based on an average cost-per-restaurant, unless another reasonable method of allocation resulted in a more precise cost allocation.

  • All Brand Standards or other terms of this Agreement that require certain operational processes, procedures and requirements are imposed to ensure the proper operation of authorized Pizza Hut Restaurants and protection of the standards associated with the Pizza Hut Marks.

  • We grant you, and you accept, the right to use the Pizza Hut Marks and the System during the Term in connection with establishing and operating a Pizza Hut Business which owns and operates one or more Pizza Hut Restaurants whose premises location(s) (“Location(s)”), the type(s) of System Restaurant Concept(s) authorized thereat and its/their required opening dates are identified in Appendix B.

Related to Pizza Hut Restaurants

  • Restaurants means a business that prepares and serves food and drinks to customers.

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