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.
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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.
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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.
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Examples of Restaurant EBITDA in a sentence

  • 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.

  • 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.

  • 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.

  • 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.

  • 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 or “Adjusted NOI” means, for any period, the Net Operating Income of the applicable Hotel Properties for such period, subject to the following adjustments:

  • 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):