Pre-Opening Expenses definition

Pre-Opening Expenses means, with respect to any fiscal period, the amount of expenses (other than interest expense) incurred with respect to capital projects that are classified as “pre-opening expenses” on the applicable financial statements of the Company and its Restricted Subsidiaries for such period, prepared in accordance with U.S. GAAP.

Pre-Opening Expenses means, with respect to any fiscal period, the amount of expenses (other than interest expense) incurred that are classified as “pre-opening rent,” “opening costs” or “pre-opening expenses” (or any similar or equivalent caption).

Pre-Opening Expenses means, with respect to any fiscal period, the amount of expenses (other than interest expense) incurred with respect to capital projects which are classified as “pre-opening expenses” or “project opening costs” (or any similar or equivalent caption) on the applicable financial statements of the Borrower and the Subsidiaries for such period, prepared in accordance with GAAP.

Examples of Pre-Opening Expenses in a sentence

• This means that at this point the risks need only to be monitored, as they do not provide a real threat to the achievement of the objectives of this report.Recommendations55.

• The costs of purchasing, leasing, transporting, constructing, maintaining and installing the required signs and systems shall be part of the Pre-Opening Expenses or Operating Expenses as appropriate.

• Other than as set forth in Section 4.3, Pre-Opening Expenses incurred in accordance with this ARTICLE 4 shall be borne solely by Owner as a capital expense and shall not be classified as an Operating Expense.

• The establishment of such systems shall constitute Pre-Opening Expenses and the maintenance of such systems shall constitute Operating Expenses.

• All Pre-Opening Expenses shall be paid out of funds in the Pre-Opening Account.

More Definitions of Pre-Opening Expenses

Pre-Opening Expenses means all cash expenses incurred in preparation of a Restaurant opening, to the extent not capitalized and amortized in accordance with GAAP.

Pre-Opening Expenses means all costs of start-up activities that are required to be expensed (and are not capitalized) in accordance with SOP 98-5.

Pre-Opening Expenses means, with respect to any fiscal period, the amount of expenses (other than interest expense) incurred with respect to stores which are classified as “pre-opening rent,” “pre-opening expenses” or “store-opening costs” (or any similar or equivalent caption).

Pre-Opening Expenses shall have the meaning described in Section 4.9.1.

Pre-Opening Expenses shall have the meaning set forth in Section 2.03.01.

Pre-Opening Expenses shall have the meaning ascribed to such term as set forth in Section 4.2.

Pre-Opening Expenses means amounts incurred by the Borrower and its Restricted Subsidiaries on a consolidated basis in connection with “pre-opening activities” related to the roll-out of clinics.