Restaurant Cash Flow definition

Restaurant Cash Flow. For each restaurant, the EBITDA of such restaurant -------------------- for the period of the immediately preceding twelve (12) months plus, to the ---- extent deducted in calculating EBITDA, the aggregate amount of allocated general and administrative expenses not directly associated with such restaurant during such period in accordance with past practices of the Borrower.
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Restaurant Cash Flow means Net Sales less (i) restaurant cost of food and merchandise, (ii) restaurant labor including all restaurant employee wages, sick, holiday and vacation pay and in-restaurant cleaning services, (iii) restaurant fringes including payroll taxes, group and workers' compensation insurance and pension, (iv) restaurant supplies including china, glassware, utensils, cleaning supplies, uniforms, and paper & plastic supplies, (v) restaurant utilities including electricity, allocated Friendly Ice Cream energy management fees, natural gas, telephone and water and sewer, (vi) restaurant maintenance costs including landscaping, snow removal, maintenance service contracts and repairs to property and equipment that would not be considered a Restaurant Capital Requirement, (vii) restaurant administrative costs including office expense, trash, other services (rug cleaning services, music, etc.) allocated property and general liability insurance, employee relocation expense, travel costs, credit card expenses, bank service charges, commission income, safety program costs, police and security costs, use taxes and other miscellaneous restaurant expenses, (viii) restaurant advertising and promotional costs including allocated advertising costs, local restaurant promotions (team sponsorships, etc.), required lease advertising, specific billboard costs and mall displays and (ix) restaurant occupancy costs including rent, common area maintenance, real estate and personal taxes and decorating expenses. Restaurant Cash Flow specifically excludes (i) restaurant depreciation, amortization, interest or taxes, (ii) any allocation of costs except for insurance, pension, energy management, maintenance contracts and advertising and (iii) costs relating to the supervision of the restaurants by district, division, area and corporate personnel.
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Restaurant Cash Flow means, with respect to any restaurant owned or operated by the Borrower or any of its Subsidiaries for any period, the store operating profit (as that term is used as of the Agreement Date in the Borrower’s financial reports) with respect to such restaurant before deducting depreciation and amortization expense or any corporate selling, general or administrative expenses.
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Examples of Restaurant Cash Flow in a sentence

  • By: /s/ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇ Chief Human Resources Officer The two performance criteria under this Performance Share Award are (1) 3-year cumulative Base Restaurant Cash Flow dollars (“Base RCF Dollars”), and (2) total gross new restaurant openings (“Gross NROs”), each as defined below; provided that payout above target will be subject to a cap based on relative Total Shareholder Return (“TSR”) compared to the S&P 500, as described below.

  • 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.

  • By: /s/ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇  Chief Diversity, Inclusion and People Officer The performance criteria under this Performance Share Award shall be 3-year cumulative Restaurant Cash Flow dollars (“RCF Dollars”), as defined below; subject to a cap on payout above target based on relative Total Shareholder Return (TSR) compared to the S&P 500, as described below.