U.S. AUV definition

U.S. AUV means the average annual sales of stores that are located in the U.S., excluding non-traditional stores, and have been open for a trailing 52 week period or longer. This measure is calculated by dividing total sales during the 52 week period for all U.S. stores in the system that were open for operations during the entire 52 week period by the number of U.S. stores that were open for operations during the entire 52 week period. A store is not included in U.S. AUV if it is closed for a week or longer, such as for remodeling, during the 52 week period;
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Related to U.S. AUV

  • Canadian Securities Authorities means the securities commissions or similar authorities in Canada.

  • Canadian means one of the following: (a) a company or association incorporated or organized under the laws of Canada, or its designated representative(s) irrespective of nationality; (b) an agency of a federal, provincial, or local government in Canada, or its designated representative(s) irrespective of nationality; or (c) a self-representing individual who is a Canadian citizen residing in Canada.

  • UK Qualifying Lender means a Lender which is beneficially entitled to interest payable to that Lender in respect of an advance under a Loan Document and is:

  • U.S.-Canadian Exchange Rate means, on any date: (i) if on such date the Bank of Canada sets an average noon spot rate of exchange for the conversion of one United States dollar into Canadian dollars, such rate; and (ii) in any other case, the rate for such date for the conversion of one United States dollar into Canadian dollars calculated in such manner as may be determined by the Board of Directors from time to time acting in good faith;

  • Canadian Tax Act means the Income Tax Act (Canada), as amended.