Average Annual Comparable Restaurant Sales Growth definition

Average Annual Comparable Restaurant Sales Growth. For any date of ------------------------------------------------- determination, the percentage annual increase in Total Restaurant Sales for Comparable Restaurants calculated by comparing (a) Total Restaurant Sales for Comparable Restaurants for the twelve consecutive fiscal months ended on such date of determination, to (b) Total Restaurant Sales for Comparable Restaurants for the 12 consecutive fiscal months ended on the last day of the fiscal month which ended 12 fiscal months prior to such date of determination, in each case determined on a consolidated basis in accordance with GAAP.
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Average Annual Comparable Restaurant Sales Growth. For any date of determination, the percentage annual increase in Total Restaurant Sales for Comparable Restaurants calculated by comparing (a) Total Restaurant Sales for Comparable Restaurants for the twelve consecutive fiscal months ended on such date of determination, to (b) Total Restaurant Sales for Comparable Restaurants for the 12 consecutive fiscal months ended on the last day of the fiscal month which ended 12 fiscal months prior to such date of determination (the "Prior 12-Month Period"), in each case determined on a consolidated basis in accordance with GAAP; provided, however, that, for the purposes of subsection (a) above, Total Restaurant Sales shall be calculated in respect of Comparable Xxxxx Xxxxx'x Restaurants only for full fiscal months occurring after the Second Amendment Closing Date and, for purposes of subsection (b) above, Total Restaurant Sales shall be calculated in respect of Comparable Xxxxx Xxxxx'x Restaurants only for the corresponding fiscal months included in the Prior 12-Month Period; provided, further, however, that the Total Restaurant Sales for Comparable Restaurants for each of the fiscal month ending September 30, 2001 and the fiscal month ending October 28, 2001 shall be deemed to equal the average of the Total Restaurant Sales for Comparable Restaurants for each of the twelve consecutive fiscal months ending August 26, 2001.
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Examples of Average Annual Comparable Restaurant Sales Growth in a sentence

  • The Borrower will not permit the Average Annual Comparable Restaurant Sales Growth to be less than one percent (1%), as of the last day of any fiscal month.

  • Cora shall supply prospectuses axx xse its best efforts to qualify the Cobra shares registered pursuant to any such registration statement for sale in those states where Cobra is qualifying the securities covered in such registration.

  • The ------------------------------------------------- Borrower will not permit the Average Annual Comparable Restaurant Sales Growth as of the last day of any fiscal quarter to be negative.

Related to Average Annual Comparable Restaurant Sales Growth

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  • Applicable Measurement Period means the most recently completed four consecutive fiscal quarters of the Issuer immediately preceding the Applicable Calculation Date for which internal financial statements are available.

  • average daily net assets of the Fund shall mean the average of the values placed on the Fund's net assets as of 4:00 p.m. (New York time) on each day on which the net asset value of the Fund is determined consistent with the provisions of Rule 22c-1 under the 1940 Act or, if the Fund lawfully determines the value of its net assets as of some other time on each business day, as of such time. The value of the net assets of the Fund shall always be determined pursuant to the applicable provisions of the Declaration and the Registration Statement. If the determination of net asset value does not take place for any particular day, then for the purposes of this section 6, the value of the net assets of the Fund as last determined shall be deemed to be the value of its net assets as of 4:00 p.m. (New York time), or as of such other time as the value of the net assets of the Fund's portfolio may be lawfully determined on that day. If the Fund determines the value of the net assets of its portfolio more than once on any day, then the last such determination thereof on that day shall be deemed to be the sole determination thereof on that day for the purposes of this section 6. You may waive all or a portion of your fees provided for hereunder and such waiver shall be treated as a reduction in purchase price of your services. You shall be contractually bound hereunder by the terms of any publicly announced waiver of your fee, or any limitation of the Fund's expenses, as if such waiver or limitation were fully set forth herein.

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