Average Restaurant definition

Average Restaurant means restaurants that provide table service to its patrons, during typical daytime/evening business hours (e.g., 5:00 A.M. through 11:00 P.M.).
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Examples of Average Restaurant in a sentence

  • The Borrower will ----------------------------------- not permit the Average Restaurant Annual Cash Flow to be less than $450,000, as of the last day of any fiscal quarter; provided that on the measurement date for -------- each of the first and second fiscal quarters of Fiscal Year 2000, the Borrower may, include an additional $500,000 of Pre-Opening Expenses in the aggregate in the calculation of Average Restaurant Annual Cash Flow for the 12 fiscal months ending on such measurement date.

  • The performance criteria under this Incentive Award shall be 3 Year Comparable Restaurant Sales (“CRS”) Growth (for the period from January 1, 2018 to December 31, 2020) and 2 Year Average Restaurant Cash Flow (“RCF”) Margin (for the period from January 1, 2019 to December 31, 2020), as such terms are defined below.

  • The Borrower will not permit the Average Restaurant Annual Cash Flow to be less than $450,000, as of the last day of any fiscal month.

  • The Borrower will ----------------------------------- not permit the Average Restaurant Annual Cash Flow as of the last day of any fiscal quarter to be less than $500,000.