RCF Margin definition

RCF Margin represents the Company’s total revenue less restaurant operating costs (exclusive of depreciation and amortization), expressed as a percentage of the Company’s total revenue, for the applicable Company fiscal year. RCF Margin shall be determined in accordance with generally accepted accounting principles as in effect on the first day of the applicable Performance Period. 
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RCF Margin means, for any fiscal year, (i) the Company’s total revenue less restaurant operating costs (excluding depreciation and amortization), divided by (ii) the Company’s total revenue. RCF Margin shall be determined in accordance with generally accepted accounting principles as in effect on the first day of the applicable Performance Period.  The calculation of Baseline Delivery Cost and Non-Baseline Delivery Cost shall be performed by the Company’s finance team and reviewed and approved by the Committee, and the Committee’s determination shall be final.  Example: Calculation of “COVID Increase in Delivery Cost”  For each non-COVID Impacted Month after February 2020, the COVID Increase in Delivery Cost will need to be calculated. Below is an example of the calculation using figures from the month ended August 31, 2020. 
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Examples of RCF Margin in a sentence

  • If the level of performance for either 3 Year CRS Growth, 2 Year Average RCF Margin or both falls between two stated performance levels in the Performance Goal Table, the Payout Percentage shall be determined under the heading “Interpolation” below.

  • Example 1 Assume that 2 Year Average RCF Margin is 19.5% and 3-Year CRS Growth is 4.75%.

  • By: /s/ Xxxx Xxxxxxxxxx By: Xxxx Xxxxxxxxxx Chairman, Compensation Committee Participant Name Signature Page to Performance Share Agreement Appendix A to 2018 Performance Share Agreement Name of Participant: Performance Criteria The performance criteria under this Incentive Award shall be 3 Year CRS Growth (for the period from January 1, 2018 to December 31, 2020) and 2 Year Average RCF Margin (for the period from January 1, 2019 to December 31, 2020), as such terms are defined below.

  • Xxxxxxxx X to 2018 Performance Share Agreement Seth forth below are additional examples illustrating the interpolation method used to determine Payout Percentages when the level of performance for either 3 Year CRS Growth, 2 Year Average RCF Margin or both falls between two stated performance levels in the Performance Goal Table in Appendix A.

  • If the level of performance for either 3 Year CRS Growth, 3 Year Average RCF Margin or both falls between two stated performance levels in the Performance Goal Table, the Payout Percentage shall be determined under the heading “Interpolation” below.

  • Expense Impact The expenses that arise directly from or due to a Force Majeure Event will be excluded from the calculation of RCF Margin in the fiscal year during which the Company’s RCF Margin is significantly impacted by a Force Majeure Event.

  • Notwithstanding the foregoing, if the Committee certifies that a Force Majeure Event has occurred and RCF Margin and/or CRS Growth, calculated on a consolidated company-wide basis, is “Significantly Impacted,” the calculation of RCF Margin and/or CRS Growth shall be adjusted in the manner outlined below.

  • For purposes of the Performance Goal Table under this Appendix A, “2 Year Average RCF Margin” shall be determined under the following formula: Where: “X” = the Company’s RCF Margin from restaurant operations for the fiscal year ending December 31, 2019 “Y” = the Company’s RCF Margin from restaurant operations for the fiscal year ending December 31, 2020.

  • The payout range for the PSUs is 0% to 300%, and none of the PSUs will vest if either (i) the average RCF Margin is less than 21.5%, or (ii) the CRS growth is less than 3.5%.

  • Assume that 2 Year Average RCF Margin is 20.9% and 3-Year CRS Growth is 4.9%.

Related to RCF Margin

  • CD Margin means a rate per annum determined in accordance with the Pricing Schedule.

  • Step Up Margin means the rate per annum specified in the applicable Final Terms; and

  • LIBOR Margin has the meaning given that term in Section 2.2.(c)(ii)(D).

  • Applicable L/C Margin means the per annum fee, from time to time in effect, payable with respect to outstanding Letter of Credit Obligations as determined by reference to Section 1.5(a).

  • Note Margin With respect to each Mortgage Loan, the fixed percentage set forth in the related Mortgage Note and indicated in Exhibit One hereto as the "NOTE MARGIN," which percentage is added to the Index on each Adjustment Date to determine (subject to rounding in accordance with the related Mortgage Note, the Periodic Cap, the Maximum Mortgage Rate and the Minimum Mortgage Rate) the interest rate to be borne by such Mortgage Loan until the next Adjustment Date.

  • Retail margin means an amount, reflecting differences in

  • Interest Margin Except as set forth in the following sentence, with respect to each Class of Regular Certificates, the following percentages: Class I-A Certificates, 0.150%; Class II-A-1 Certificates, 0.050%; Class II-A-2 Certificates, 0.110%; Class II-A-3 Certificates, 0.160%; Class II-A-4 Certificates, 0.240%; Class M-1 Certificates, 0.270%; Class M-2 Certificates, 0.310%; Class M-3 Certificates, 0.330%; Class M-4 Certificates, 0.380%; Class M-5 Certificates, 0.420%; Class M-6 Certificates, 0.510%, Class M-7 Certificates, 0.950%, Class M-8 Certificates, 1.100%, Class M-9 Certificates, 1.950%, Class M-10 Certificates, 2.000% and Class M-11 Certificates, 2.000%. On the first Distribution Date after the Optional Termination Date, the Interest Margins shall increase to the following percentages: Class I-A Certificates, 0.300%; Class II-A-1 Certificates, 0.100%; Class II-A-2 Certificates, 0.220%; Class II-A-3 Certificates, 0.320%; Class II-A-4 Certificates, 0.480%; Class M-1 Certificates, 0.405%; Class M-2 Certificates, 0.465%; Class M-3 Certificates, 0.495%; Class M-4 Certificates, 0.570%; Class M-5 Certificates, 0.630%; Class M-6 Certificates, 0.765%, Class M-7 Certificates, 1.425%, Class M-8 Certificates, 1.650%, Class M-9 Certificates, 2.925%, Class M-10 Certificates, 3.000% and Class M-11 Certificates, 3.000%.

  • Applicable Margin means, with respect to Advances of any Type at any time, the percentage rate per annum which is applicable at such time with respect to Advances of such Type as set forth in the Pricing Schedule.

  • Applicable ABR Margin means, at any date:

  • First Margin means the margin specified as such in the applicable Final Terms; "First Reset Date" means the date specified in the applicable Final Terms;

  • Applicable Commitment Fee Margin means, for each Pricing Period, the margin set forth below (expressed in basis points per annum) opposite the Applicable Pricing Level for that Pricing Period: Applicable Pricing Level Margin II 10.0 V 17.5

  • Applicable Unused Line Fee Margin means the per annum fee, from time to time in effect, payable in respect of Borrowers’ non-use of committed funds pursuant to Section 1.9(b), which fee is determined by reference to Section 1.5(a).

  • Applicable LIBOR Margin means a per annum rate of interest payable in addition to the LIBOR Rate on LIBOR Rate Loans, determined by reference to Section 1.6.

  • EBITDA Margin means the ratio between (a) EBITDA and (b) total toll and other concession revenues.

  • Base Rate Margin has the meaning set forth in the definition of Applicable Margin.

  • LIBOR Rate Margin has the meaning set forth in the definition of Applicable Margin.

  • Applicable Margins means collectively the Applicable Revolver Index Margin, the Applicable Term Loan Index Margin, the Applicable Revolver LIBOR Margin and the Applicable Term Loan LIBOR Margin.

  • Applicable Eurocurrency Margin means, as at any date of determination, the rate per annum then applicable to Eurocurrency Rate Loans determined in accordance with the provisions of Section 2.14(D)(ii) hereof.

  • Prime Rate Margin is set forth on Schedule I hereto.

  • Applicable Base Rate Margin means, on any day, a rate per annum equal to the higher of (a) the Applicable Eurocurrency Margin for such day minus 1.00% and (b) 0.00%.

  • Applicable Prime Rate Margin shall have the meaning provided in section 2.7(g).

  • Applicable Eurodollar Rate Margin means, with respect to any Eurodollar Rate Advance, for each Pricing Period, the interest rate margin set forth below (expressed in basis points per annum) opposite the Applicable Pricing Level for that Pricing Period: Applicable Pricing Level Margin II 125.0 III 175.0 IV 250.0

  • Reset Margin means the margin specified in the applicable Final Terms;