Projected Financial Performance Sample Clauses

Projected Financial Performance. 29 VII. APPENDIX Form 10-K Dated December 28, 1997 Form 10-Q Dated April 19, 1998 Proxy Statement Dated July 17, 1998 SBARRO, INC. -------------------------------------------------------------------------------- I. EXECUTIVE SUMMARY -------------------------------------------------------------------------------- COMPANY DESCRIPTION Sbarro, Inc. ("Sbarro" or the "Company") was founded by the Sbarro family in 1959 and today is the leading operator and franchiser of quick service restaurants serving a wide variety of Italian specialties. Under the "Sbarro" and "Sbarro The Italian Eatery" names, the Company developed one of the first quick service concepts that extended beyond offering one primary specialty item (e.g., pizza or hamburgers) and also developed an exhibition kitchen where customers could watch the preparation of many of the Company's fresh food products. The Company's menu includes pizza, pasta and other hot and cold Italian entrees, salads, sandwiches, cheesecake and other desserts and beverages. As of July 12, 1998, the Sbarro system included 873 Company-operated and franchised restaurants with operations in 21 countries. For the last twelve months ended April 19, 1998, the Company generated systemwide sales of $476.6 million. Revenues and EBITDA for the same period were $351.5 million and $80.7 million, respectively. As of April 19, 1998, the Company's balance sheet contained no debt and cash and marketable securities of approximately $116.7 million. Since its inception, the Company has focused almost exclusively on high customer traffic venues to take advantage of the customer density and impulse nature of the customer purchase that such locations offer. The Company initially located its restaurant sites in Manhattan and then, with the rapid expansion of enclosed shopping malls in the 1970's, extended its concept into these facilities due to their similar high traffic characteristics. Over the past several years, the Company has expanded the Sbarro concept to new high traffic venues including toll roads and airports and has recently begun targeting sports arenas, hospitals, convention centers, university campuses and casinos. As of July 12, 1998, the Company owned and operated 626 restaurants and franchised 247 restaurants located in 48 states throughout the United States and 20 countries worldwide. The Company has demonstrated its ability to identify, develop and operate profitable restaurants and has increased its total restaurant base (inc...
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Related to Projected Financial Performance

  • Financial Performance Covenants Notwithstanding anything to the contrary contained in Section 7.01, in the event that Holdings and the Borrower fail to comply with the requirements of any Financial Performance Covenant, until the expiration of the 10th day subsequent to the date the certificate calculating such Financial Performance Covenant is required to be delivered pursuant to Section 5.04(c), Holdings shall have the right to issue Permitted Cure Securities for cash or otherwise receive cash contributions to the capital of Holdings, and, in each case, to contribute any such cash to the capital of Borrower (collectively, the "Cure Right"), and upon the receipt by Borrower of such cash (the "Cure Amount") pursuant to the exercise by Holdings of such Cure Right such Financial Performance Covenant shall be recalculated giving effect to the following pro forma adjustments:

  • Financial Performance Covenant Upon the occurrence and during the continuance of a Covenant Trigger Event, the Borrower will maintain a Fixed Charge Coverage Ratio of not less than 1.0 to 1.0 measured for the most recent period of four consecutive fiscal quarters for which Required Financial Statements are available (or were required to be furnished) at the time of occurrence of such Covenant Trigger Event, and each subsequent four fiscal quarter period ending during the continuance of such Covenant Trigger Event.

  • Historical Performance Information To the extent agreed upon by the parties, the Sub-Advisor will provide the Trust with historical performance information on similarly managed investment companies or for other accounts to be included in the Prospectus or for any other uses permitted by applicable law.

  • Adjusted EBITDA The 2019 adjusted EBITDA for the Affiliated Club Sellers shall total an aggregate of not less than $10,700,000.

  • Budgets; Business Plans; Financial Projections As soon as practicable and in any event not later than thirty (30) days after the beginning of each fiscal year commencing with the fiscal year beginning January 1, 2001, a copy of the plan and forecast (including a projected balance sheet, income statement and a statement of cash flow) of the Company and its Subsidiaries for the upcoming three (3) fiscal years prepared in such detail as shall be reasonably satisfactory to the Administrative Agent.

  • Annual Performance Bonus In the discretion of the Company's Compensation Committee, the Executive shall be eligible to receive an annual performance bonus payable in cash for each full or partial fiscal year of the Company during the Employment Period in accordance with the Company's performance-based bonus program for Executive Officers.

  • Fund Valuation and Financial Reporting Services (1) Account for Fund share purchases, sales, exchanges, transfers, dividend reinvestments, and other Fund share activity as reported by the Fund’s transfer agent on a timely basis.

  • Annual Business Plan and Financial Projections As soon as practicable and in any event within ninety (90) days after the beginning of each Fiscal Year, a business plan of the Borrower and its Subsidiaries for such Fiscal Year, such plan to be prepared in accordance with GAAP and to include, on a quarterly basis, the following: a projected income statement, statement of cash flows and balance sheet and a statement containing the volume and price assumptions by product line used in preparing the business plan, accompanied by a certificate from a Responsible Officer of the Borrower to the effect that, to the best of such officer’s knowledge, such projections are good faith estimates (utilizing assumptions believed to be reasonable) of the financial condition and operations of the Borrower and its Subsidiaries for such Fiscal Year.

  • Annual Operating Budget and Financial Projections Within forty five (45) days after the end of each fiscal year of Borrower, (i) annual operating budgets (including income statements, balance sheets and cash flow statements, by month) for the upcoming fiscal year of Borrower, and (ii) annual financial projections for the following fiscal year (on a quarterly basis) as approved by Borrower’s board of directors, together with any related business forecasts used in the preparation of such annual financial projections;

  • Financial Projections Borrower shall have delivered to Lender Borrower’s business plan and/or financial projections or forecasts as most recently approved by Borrower’s Board of Directors.

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