Restaurant Products definition

Restaurant Products means all of the proprietary and non-proprietary food, equipment, supplies, smallwares (pans, brooms, cutting knifes, salt and pepper shakers, etc.), uniforms, beverages, promotional items (basketballs, puppets, movies, etc.) and point of purchase materials (table tents, door hangers,etc.) currently or in the future approved by the respective Customer for purchase by any Pizza Hut, Taco Bell xx KFC company owned or franchised restaurants. For purposes of clarity, smallwares, as generally known, are reusable items with small dollar values such as the ones described above which are used in the operation of the business and (i) expensed under the Customer's current accounting practices when they are for replacements and (ii) capitalized under the Customer's current accounting practice when they are purchased as part of a new restaurant opening or a major rollout of a new Restaurant Product. In contrast, equipment items are always capitalized under the Customer's current accounting practice (whether as a new or replacement item) and food and suppliers are always expensed. (c) All suppliers and specifications for all Pizza Hut, Taco Bell xxx KFC Restaurant Products purchased by PFS must be approved in advance in writing by Pizza Hut, Taco Bell xxx KFCC, respectively. PFS hereby acknowledges that it shall have no role in the process of approving any supplier or the specifications for the Restaurant Products. PFS understands that Pizza Hut has signed an exclusive agreement with Leprino Foods Company to buy 100% of the cheese used on pizzas by the Pizza Hut restaurants within the United States which are owned by Pizza Hut and its subsidiaries. As a result, unless other suppliers are specifically approved in writing by Pizza Hut, Leprino Foods Company will be the sole designated supplier of such cheese purchased by Pizza Hut restaurants within the United States, both company owned and franchised. As described in Section 7 below, the Customer's Smart Sourcing division or other equivalent purchasing function ("Smart Sourcing") shall negotiate the price and other purchase terms of all Restaurant 2 2 Products sold by PFS to the Exclusive Restaurants (defined below) and certain franchised Pizza Hut, Taco Bell xxx KFC restaurants within the United States. PFS agrees that it shall not purchase Restaurant Products under agreements negotiated by Smart Sourcing for any customers other than Pizza Hut, Taco Bell xx KFC restaurants without the prior written approval of Smart So...
Restaurant Products means all of the proprietary and non-proprietary food, equipment, office supplies, non-office supplies (cleaning chemicals, trash can liners, etc.), packaging products (including, without limitation, all paper products), smallwares (pans, brooms, cutting knives, salt and pepper shakers, etc.), uniforms, beverages, promotional items (as defined in Exhibit D hereto) and point of purchase materials (table tents, door hangers, etc.) currently or in the future approved by the respective Buyer for purchase by any Pizza Hut, Taco Bell xx KFC company owned or franchised restaurants. For purposes of clarity, smallwares, as generally known, are reusable items with small dollar values such as the ones described above which are used in the operation of the business and (i) expensed under the Buyer's accounting practices in place on the Effective Date when they are for replacements and (ii) capitalized under the Buyer's accounting practices in place on the Effective Date when they are purchased as part of a new restaurant opening or a major rollout of a new Restaurant Product. The key smallwares categories are as follows: (A) Utensils (spoodles, spatulas, tongs, cooking knives/forks/spoons, wire whips, etc.); (B) Food prep and storage (pans, separators, containers and lids, bowls, squeeze bottles, etc.); (C) Tabletop Items (stainless cutlery, glassware, plates, cruet sets, tablecloths, etc.); (D) Parts (can opener blades, slicer blades, fryer gaskets, etc.); and (E) Janitorial & cleaning reusables (mops, buckets, brushes, garbage cans, spray bottles, urinal screens, etc.). In contrast, equipment items are always capitalized under the Buyer's current accounting practice (whether as a new or replacement item) and food and supplies are always expensed.
Restaurant Products means all of the proprietary and non-proprietary food, equipment, supplies, smallwares (pans, brooms, cutting knifes, salt and pepper shakers, etc.), uniforms, beverages, promotional items (basketballs, puppets, movies, etc.) and point of purchase materials (table tents, door hangers, etc.) currently or in the future approved by the respective Customer for purchase by any Pizza Hut, Taco Xxxx or KFC company owned or franchised restaurants. For purposes of clarity, smallwares, as generally known, are reusable items with small dollar values such as the ones described above which are used in the operation of the business and (i) expensed under the Customer's current accounting practices when they are for replacements and (ii) capitalized under the Customer's current accounting practice when they are purchased as part of a new restaurant opening or a major rollout of a new Restaurant Product. In contrast, equipment items are always capitalized under the Customer's current accounting practice (whether as a new or replacement item) and food and suppliers are always expensed.

Examples of Restaurant Products in a sentence

  • The Customer agrees that the "Weighted Average Payment Term" (defined below) for the Restaurant Products purchased during any calendar quarter by PFS and negotiated through Smart Sourcing will be no less than 15 calendar days.

  • Pursuant to the S&D Agreement, the Buyer agrees, prior to or at Closing, to enter into a Sales and Distribution Agreement in the form of Exhibit "G" (which is substantially on the same terms as the S&D Agreement), pursuant to which AmeriServe will continue to be the exclusive distributor of Exclusive Restaurant Products (as defined in the S&D Agreement) for the Restaurants listed on Schedule 1.1 for a term equal to the remainder of the original term of the S&D Agreement.

  • Nutrition – large kitchen equipment – double stack oven, full size hot box, milk cooler, pass- thru refrigerator - to accept the bid of Central Restaurant Products in the amount of $11,149.00, the bid of Douglas Equipment in the amount of $15,088.76 and $4,587.12 and the bid of Sunflower Restaurant Supply in the amount of $13,258.00.

  • During the term of this Agreement, Smart Sourcing will negotiate with the vendors all price and other purchase terms for all Restaurant Products which are distributed and sold by PFS to any Exclusive Restaurants and such prices will constitute, together with inbound freight, the Landed Costs of the Exclusive Restaurant Products as described in Section 3 above.

  • FUNDING: Child NutritionOTHER BIDS: N/A – Emergency Purchase 2214 CENTRAL RESTAURANT PRODUCTS–DISHWASHER/FILTRATIONS-MCTCThe Superintendent recommends approval of the quote from Central Restaurant Products to purchase a dishwasher with a 3M water filtration system and replacement cartridge, in the amount of $6,737.80.FUNDING: Perkins WVDE GrantOTHER BIDS: EMERGENCY C&T Design-$9,123.78 & Stout Company-$10,055.00 2215 WATER HEATER DISTRIBUTORS, INC.

  • Smart Sourcing shall have the right to allocate among two or more vendors the total purchases of the Restaurant Products purchased under terms and agreements negotiated by Smart Sourcing.

  • Contract for Special Education Services with Wilton CSD, Wilton is the serving After reviewing bids for four Delfield Line Coolers with sneeze guards and tray slides, a motion was made by Ms. Oberlander, seconded by Ms. Whitlock and carried 5-0 to approve the low bid of $43,883.41 from Central Restaurant Products.

  • Franchisee shall ensure that all advertising and promotional materials, signs, decorations, paper goods (including wrapping and containers for products, napkins, menus and all forms and stationery used in the Franchised Restaurant), Products, and other items specified by Franchisor bear the Proprietary Marks in the form, color, location, and manner prescribed by Franchisor.

  • The Restaurant Products, excluding equipment and furnishings and the Non Fleet Smallwares, is hereinafter referred to as the "F & S Restaurant Products".

  • Request Approval, Spending Authorization and Agreement with Central Restaurant Products – Concessions Fryer: A motion was made, seconded and passed to approve the spending and agreement with Central Restaurant Products for the purchase of a concession fryer.

Related to Restaurant Products

  • plant products means products of plant origin, unprocessed or having undergone simple preparation in so far as these are not plants, set out in Annex IV-A, Part 3 to this Agreement;

  • Marijuana-infused products means products that contain marijuana or marijuana extracts and are intended for human use. The term "marijuana-infused products" does not include useable marijuana.

  • Products means information resources technologies that are, or are related to, EIR.

  • Marijuana products means concentrated marijuana products and marijuana products that are comprised of marijuana and other ingredients and are intended for use or consumption, such as, but not limited to, edible products, ointments, and tinctures.

  • the Products means all products and associated documentation to be supplied under this Contract;

  • Hemp products means all products made from industrial hemp,

  • Licensed Products means tangible materials which, in the course of manufacture, use, sale, or importation, would be within the scope of one or more claims of the Licensed Patent Rights that have not been held unpatentable, invalid or unenforceable by an unappealed or unappealable judgment of a court of competent jurisdiction.

  • Cannabis products means cannabis that has undergone a process whereby the plant material has been transformed into a concentrate, including, but not limited to, concentrated cannabis, or an edible or topical product containing cannabis or concentrated cannabis and other ingredients.

  • Tobacco products means cigars, cigarettes, cheroots, stogies, periques, granulated, plug cut, crimp cut, ready rubbed, and other smoking tobacco, snuff, snuff flour, moist snuff, cavendish, ping and twist tobacco, fine-cut and other chewing tobaccos, shorts, refuse scraps, clippings, cuttings and sweepings of tobacco, and other kinds and forms of tobacco, prepared in such manner as to be suitable for chewing or smoking in a pipe or otherwise, or both for chewing and smoking.

  • New Products means any product which is not an Enhanced Product or 2 Existing Product but which is substantially similar to an Existing Product with respect to design and function and possesses reasonable performance improvements. If Company desires to purchase an Enhanced or New Product(s) from Supplier, Company shall so notify Supplier and provide Supplier the opportunity to manufacture such Enhanced or New Product(s), subject to the following conditions and procedures.

  • Licensed Services means all functions performed by the Licensed System.

  • Other Products means all products and services, other than an Advance, Credit Product or Derivative Transaction, offered by the Bank to any Obligor from time to time, including correspondent banking services, mortgage purchase programs and affordable housing and community investment products and services.

  • Licensed service area means the geographic area in which the home service provider is authorized by law or contract to provide commercial mobile radio service to the customer.

  • Competing Products means any product or service in existence or under development that competes with any product or service of the Company Group about which the Participant obtained Confidential Information or for which the Participant provided advisory services or had sales, origination, marketing, production, distribution, research or development responsibilities in the last twenty-four (24) months of employment with the Company Group.

  • Mineral Products means the commercial end products derived from operating the Property as a mine:

  • complex product means a product which is composed of multiple components which can be replaced permitting disassembly and re-assembly of the product.

  • Marijuana product means marijuana as defined in 50-32-101 and marijuana-infused products

  • Finished Products means the fully assembled and shrink-wrapped Licensed Products, each including a Game Cartridge, Game Cartridge label and Printed Materials.

  • Existing Products Tangible Products and intangible licensed Products which exist prior to the commencement of work under the Contract. Contractor retains the burden of proving that a particular product was existing before commencement of the Project. .

  • Combination Products means any product containing both a pharmaceutically active agent or ingredient which constitutes a Licensed Product and one or more other pharmaceutically active agents or ingredients which do not constitute Licensed Products.

  • Marihuana-infused product means a topical formulation, tincture, beverage, edible substance, or similar product containing marihuana and other ingredients and that is intended for human consumption.

  • Marijuana wholesaler means a person who purchases marijuana items in this state for resale to a person other than a consumer.

  • Your Products means products developed or to be developed by or for You that include an Intel Component executing the Materials. 2.

  • Licensed Area means the area in which the Licensee is authorised to

  • processed products means goods placed under a processing procedure which have undergone processing operations;

  • Product means any deliverable under the Contract, which may include commodities, services, technology or software.