Store Closing Costs definition
Store Closing Costs means each of the following costs attributable to stores closed within the prior twelve months: (i) operating losses, (ii) construction and moving expenses, (iii) lease termination expenses, (iv) employee severance costs, and (v) other related expenses reasonably acceptable to the Administrative Agent.
Store Closing Costs means, with respect to a Store, all (a) payments required to be made to the applicable lessor or any lender of such lessor in connection with the termination of the Real Property Lease therefor, and (b) expenses actually incurred to return the physical structure of the Store to the condition required by the terms of the Real Property Lease therefor.