Restaurant EBITDA definition

Restaurant EBITDA means (i) the revenue of restaurants operated by the Company less (ii) the operating costs of such restaurants plus (iii) depreciation and amortization expense attributable to such restaurants less (iv) advertising expense attributable to such restaurants; provided that “Restaurant EBITDA” shall exclude general and administrative expenses and facility action charges.
Sample 1Sample 2
Restaurant EBITDA means Net Sales minus Restaurant operating costs, determined in accordance with GAAP, including, but not limited to, food, beverage and paper products, wages, benefits, workers' compensation insurance and payroll taxes for Restaurant employees, bonuses paid to Restaurant employees, pre-opening costs, advertising costs directly benefiting the Restaurants, auto and travel incurred by Restaurant employees, bank charges for restaurant bank accounts, cash short/(over), charitable contributions, credit card discounts, dues and subscriptions incurred by the Restaurant managers, seminars and educational materials for Restaurant employees, authorized entertainment expenses incurred by Restaurant employees, property, auto and general liability insurance, Restaurant supplies, laundry and uniforms, payroll processing costs, consulting expenses directly related to one or more allocated salaries for corporate repair and maintenance personnel that is allocated to the Restaurants based on actual hours worked at the Restaurants, taxes (excluding federal and state income taxes) and licenses, telephone, utilities and various other expenses.
Sample 1
Restaurant EBITDA means, with respect to a Restaurant for the applicable measurement period, the net income for such period plus (a) without duplication, the following to the extent deducted in calculating such net income: (i) interest charges for such period on account of any Indebtedness attributable to such Restaurant, (ii) the provision for Federal, state, local and foreign income taxes (and franchise tax in the nature of income tax) payable by the Borrowers for such period attributable to such Restaurant, (iii) depreciation and amortization expense in accordance with GAAP, (iv) non-recurring losses, including fees, costs, charges and other expenses incurred by the Borrowers in connection with any discontinued operation, acquisition, reorganization, consolidation, restructuring or changes in accounting treatment under GAAP, in each case approved by Administrative Agent and to the extent attributable to such Restaurant, (v) other non-cash items or charges, including, without limitation, any non-cash Rental Expense of the Borrowers for such Restaurant reducing such net income which does not represent a cash item in such period or any future period with respect to such Restaurant, (vi) other non-recurring costs and expenses and/or extraordinary expenses approved by Administrative Agent and that were attributable to such Restaurant, minus (b) all amounts representing non-recurring or non-cash gains, including as a result of changes in accounting treatment under GAAP, to the extent included in calculating such net income and attributable to such Restaurant.
Sample 1

Examples of Restaurant EBITDA in a sentence

  • If the Sellers have any objections to the computation of Net Sales, Restaurant EBITDA, Total EBITDA and Number of Business Units for the Earn-out Period, they will deliver detailed statements describing their objections to the Purchaser within 30 days after receiving the Purchaser's computations and working papers reflecting how such computations were made.

  • With respect to the assets listed in subparagraphs 1.A., 1.B., 1.C., 1.D., 1.E. and 1.F., the purchase price shall be Seven Million Five Hundred Fifty-Six Thousand Dollars ($7,556,000.00), representing approximately a 5.3 times multiple of the represented Restaurant EBITDA of the thirty-four (34) restaurants identified in Schedule A.

  • Restaurant EBITDA (being adjusted EBITDA before central costs) grew by 12%.

  • At any time after the fifth full Fiscal Quarter after the Closing Date, Lender shall only fund each Revolving Loan as requested by Borrower in the Borrowing Request so long as, in addition to all other applicable conditions set forth in this Agreement, at the end of the Fiscal Quarter immediately preceding such Borrowing Request, Cumulative Restaurant EBITDA is at least equal to 75% of the projected Cumulative Restaurant EBITDA for such period as set forth in the Business Plan.

  • Restaurant EBITDA for continuing restaurant operations increasedto £2.34m (2009: £1.96m).

  • The Accountant's determination of the amount of Net Sales, Restaurant EBITDA, Total EBITDA and Number of Business Units for the Earn-Out Period shall be rendered by the Accountant in a writing setting forth in reasonable specificity the reasons for each conclusion reached in its decision.

Related to Restaurant EBITDA

  • TTM EBITDA means, as of any date of determination, EBITDA of Borrower determined on a consolidated basis in accordance with GAAP, for the 12 month period most recently ended.

  • Annual EBITDA means, with respect to any Project or Minority Holding, as of the first day of each fiscal quarter for the immediately preceding consecutive four fiscal quarters, an amount equal to (i) total revenues relating to such Project or Minority Holding for such period, less (ii) total operating expenses relating to such Project or Minority Holding for such period (it being understood that the foregoing calculation shall exclude non-cash charges as determined in accordance with GAAP). Each of the foregoing amounts shall be determined by reference to the Borrower’s Statement of Operations for the applicable periods. An example of the foregoing calculation is set forth on Exhibit G hereto.

  • Target EBITDA means, for each fiscal year, the EBITDA set forth in the operating budget of the Company, as approved by the Board, for the particular year.

  • LTM EBITDA means Consolidated EBITDA of the Company measured for the period of the most recent four consecutive fiscal quarters ending prior to the date of such determination for which internal consolidated financial statements of the Company are available, in each case with such pro forma adjustments giving effect to such Indebtedness, acquisition or Investment, as applicable, since the start of such four quarter period and as are consistent with the pro forma adjustments set forth in the definition of “Fixed Charge Coverage Ratio.”

  • Adjusted Net Operating Income means, with respect to a Property for any given period, Net Operating Income of such Property for such period minus Capital Reserves for such period.

  • Property EBITDA means for any property owned by Ventas, Inc. or any of its Subsidiaries as of the date of determination, for any period of time, the net income (loss) derived from such property for such period, before deductions for (without duplication):

  • EBITDA means, with respect to any Person for any period, the net income for such Person for such period plus the sum of the amounts for such period included in determining such net income in respect of (i) interest expense, (ii) income tax expense, and (iii) depreciation and amortization expense, in each case as determined in accordance with GAAP.

  • net non-operating income means the difference between: (A) revenues from all sources other than those related to operations; and (B) expenses, including taxes and payments in lieu of taxes, incurred in the generation of revenues in (A) above.

  • Pro Forma EBITDA means, for any period, the Consolidated EBITDA of the Issuer and the Restricted Subsidiaries, provided that for the purposes of calculating Pro Forma EBITDA for such period, if, as of such date of determination:

  • Net Operating Income With respect to any Mortgaged Property, for any Mortgagor’s fiscal year end, Net Operating Income will be calculated in accordance with the standard definition of “Net Operating Income” approved from time to time endorsed and put forth by CREFC®.

  • EBITDAR means, for any period, on a consolidated basis for the Borrower and its Subsidiaries, the sum of the amounts for such period, without duplication, of (i) EBITDA and (ii) Rentals.

  • Adjusted EBITDA Margin means Adjusted EBITDA divided by operating revenue;

  • Annualized EBITDA means, for the four consecutive quarters ending on each Reporting Date, the Operating Partnership’s Pro Rata Share (as defined below) of earnings before interest, taxes, depreciation and amortization (“EBITDA”), with other adjustments as are necessary to exclude the effect of all realized or unrealized gains and losses related to hedging obligations, items classified as extraordinary items and impairment charges in accordance with generally accepted accounting principles, adjusted to reflect the assumption that (i) any EBITDA related to any assets acquired or placed in service since the first day of such four-quarter period had been earned, on an annualized basis, from the beginning of such period, and (ii) any assets disposed of during such four-quarter period had been disposed of as of the first day of such period and no EBITDA related to such assets had been earned during such period.

  • Adjusted Net Earnings from Operations means, with respect to any fiscal period of the Borrower, the Borrower’s net income after provision for income taxes for such fiscal period, as determined in accordance with GAAP and reported on the Financial Statements for such period, excluding any and all of the following included in such net income: (a) gain or loss arising from the sale of any capital assets; (b) gain arising from any write-up in the book value of any asset; (c) earnings of any Person, substantially all the assets of which have been acquired by the Borrower in any manner, to the extent realized by such other Person prior to the date of acquisition; (d) earnings of any Person in which the Borrower has an ownership interest unless (and only to the extent) such earnings shall actually have been received by the Borrower in the form of cash distributions; (e) earnings of any Person to which assets of the Borrower shall have been sold, transferred or disposed of, or into which the Borrower shall have been merged, or which has been a party with the Borrower to any consolidation or other form of reorganization, prior to the date of such transaction; (f) gain arising from the acquisition of debt or equity securities of the Borrower or from cancellation or forgiveness of Debt; (g) gains or non-cash losses arising from Hedge Agreements entered into by Borrower, and (h) gain arising from extraordinary items, as determined in accordance with GAAP, or from any other non-recurring transaction.

  • Working level month (WLM) means an exposure to 1 working level for 170 hours (2,000 working hours per year divided by 12 months per year is approximately equal to 170 hours per month).

  • Gross Operating Profit For any Fiscal Year, the excess of Gross Revenues for such Fiscal Year over Gross Operating Expenses for such Fiscal Year.

  • Consolidated Adjusted EBITDA means, with respect to any specified Person for any period, the Consolidated Net Income of such Person for such period plus, without duplication:

  • EBIT means, for any period, the net income of the Company and its Subsidiaries on a Consolidated basis for such period plus each of the following with respect to the Company and its Subsidiaries on a Consolidated basis to the extent utilized in determining such net income: (a) Interest Expense and (b) provision for taxes.

  • Cumulative EBITDA means, as of any date of determination, EBITDA of the Company from the Existing Notes Issue Date to the end of the Company’s most recently ended full fiscal quarter prior to such date, taken as a single accounting period.

  • Building level or district level leader means an individual employed by the District whose job assignment is that of a building level or district level administrator or an equivalent role, including an administrator licensed by the State Board of Education, an unlicensed administrator, or an individual on an Administrator Licensure Completion Plan. Building level or district level leader does not include the superintendent, deputy superintendents, associate superintendents, and assistant superintendents.

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

  • Total Revenue bears the same meaning assigned to this expression in the Codes of Good Practice on Black Economic Empowerment, issued in terms of section 9(1) of the Broad-Based Black Economic Empowerment Act and promulgated in the Government Gazette on 9 February 2007;

  • Adjusted EBITDA means, with respect to any Person for any period, the Consolidated Net Income of such Person for such period plus, without duplication, to the extent the same was deducted in calculating Consolidated Net Income:

  • Consolidated EBITDAR means, for any period, Consolidated EBITDA for such period plus, to the extent deducted in determining Consolidated EBITDA for such period, Consolidated Rental Expense.

  • Adjusted Consolidated EBITDA means, with respect to the Borrower and the Subsidiaries on a consolidated basis for any period, the Consolidated Net Income of the Borrower and the Subsidiaries for such period plus

  • Net Working Capital Target means $0.00.