Systemwide Sales definition

Systemwide Sales means, with respect to any Quarterly Calculation Date, Gross Sales (which will be permitted to include estimated Gross Sales of up to 5.0% of the total) of the Franchised Restaurants and Contributed Securitized Company Restaurants for the four (4) Quarterly Fiscal Periods ended immediately prior to such Quarterly Calculation Date.
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Examples of Systemwide Sales in a sentence

  • Systemwide Sales and Revenues Systemwide sales represent sales by Company-operated, franchised and affiliated restaurants.

  • The Company’s Global Systemwide Sales will be determined as set forth in Section 1(b) below.

  • The Company’s Global Systemwide Sales Growth will be determined as set forth in Section 1(b) below.

  • The Company’s “Global Systemwide Sales Growth” is defined as the increase in systemwide sales for (i) fiscal 2025 versus fiscal 2024, (ii) fiscal 2026 versus fiscal 2025 and (iii) fiscal 2027 versus fiscal 2026, in each case including sales by both Company-operated restaurants and franchised restaurants across the Wendy’s system, including both the U.S. and International.

  • Linear interpolation shall be used to determine the attained percentage in the event the Company’s Global Systemwide Sales Growth falls between the (i) Threshold and Above Threshold, (ii) Above Threshold and Target, (iii) Target and Above Target or (iv) Above Target and Maximum performance levels shown in the chart above.

  • The Trustee will make the Monthly Servicer’s Reports and the Monthly Noteholders’ Statements available each month and any Sonic Systemwide Sales Calculation Date Report available promptly upon receipt thereof to Noteholders, Note Owners, the Insurers and the Rating Agencies via the Trustee’s internet website at ▇▇▇.▇▇.▇▇▇▇▇▇▇▇▇▇.▇▇▇.

  • For purposes of clarity, the Global Systemwide Sales Growth performance targets are annual goals that are determined by the Compensation and Human Capital Committee at the beginning of the Performance Period and the percentage results based on the performance measured against these annual targets are averaged at the conclusion of the Performance Period to determine the attained percentage, subject to adjustment as described in Section 3.

  • Linear interpolation shall be used to determine the percentage of Global Systemwide Sales Units earned in the event the Company’s Global Systemwide Sales falls between the (i) Threshold and Above Threshold, (ii) Above Threshold and Target, (iii) Target and Above Target or (iv) Above Target and Maximum performance levels shown in the chart above.

  • The extent to which the Participant will earn the Global Systemwide Sales Units is based on the Company’s Global Systemwide Sales (as defined below) for the Performance Period compared to the Global Systemwide Sales Target established by the Committee for the Performance Period as shown in the chart below (with the Threshold, Above Threshold, Target, Above Target and Maximum Global Systemwide Sales amounts to be set forth on a separate exhibit which will be provided to the Participant).

  • If on any Payment Date, Sonic Systemwide Sales, as calculated on such Payment Date, are less than $2,887,500,000, the Master Issuer and SRI Real Estate Holdco shall furnish, or cause to be furnished, to the Trustee, each Insurer and the Rating Agencies, on the Sonic Systemwide Sales Calculation Date immediately following such Payment Date, a report setting forth Sonic Systemwide Sales as calculated on such Sonic Systemwide Sales Calculation Date (each a “Sonic Systemwide Sales Calculation Date Report”).

Related to Systemwide Sales

  • Sales On the settlement date for a sale, Bank shall credit the Cash Account with the sale proceeds of the sale and transfer the relevant Financial Assets to an account pending settlement of the trade if not already delivered.

  • Business Unit means the assets constituting the business or a division or operating unit thereof of any Person.

  • Retail sales As defined in the definition of Net Revenue.

  • Moderate-income household means a household with a total gross annual household income in excess of 50 percent but less than 80 percent of the median household income.

  • System Revenues means all rates, rents, fees, charges,