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 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.

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).

Examples of Pre-Opening Expenses in a sentence

• Because new facilities benefit from other special provisions, the amortization expense related to the capitalized pre-opening costs should be reported in account # 4435.0, Pre-Opening Expenses, which will be automatically disallowed by the Center.1300.0 Other Prepaid Expenses - This account should be used to record expenditures for future benefits.

• C.3.27 PRE-OPENING EXPENSES AND CAPITAL INVESTMENT PLAN 1) The Contractor shall fund Pre-Opening Expenses on behalf of the Program.

• Pre-Opening Expenses include, but are not limited to, travel, meals, lodging, opening promotions, and advertising, accounting and operating manuals and systems, interviewing and relocation, salaries and fringe benefits, crew training, and other expenses related to preparing for, and commencing performance of, the Services.

• As a result, Defendants incurred over $8.7 million in Pre-Opening Expenses, which more than doubled the initial budget of $3.8 million (and represented a 50% increase over the Owner-approved budget of$5.1 million).

• The portion of the Investment attributed to capital improvements will not exceed Fifty Thousand Dollars ($50,000.00), and the portion of the Investment attributed to Pre-Opening Expenses shall not exceed Sixteen Thousand Two Hundred and Forty ($16,240.00) Dollars.

More Definitions of Pre-Opening Expenses

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”, “pre-opening expenses” or “opening costs” (or any similar or equivalent caption).

Pre-Opening Expenses means, with respect to any fiscal period, the amount of expenses (including Consolidated Interest Expense) incurred with respect to capital projects which are appropriately classified as “pre-opening expenses” on the applicable financial statements of Borrower and its Subsidiaries for such period.

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 shall have the meaning ascribed to such term as set forth in Section 4.2.

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, with respect to any fiscal period, the amount of expenses (including Consolidated Interest Expense) incurred with respect to capital projects which are appropriately classified as “pre-opening expenses” on the applicable financial statements of the Issuers and the Guarantors for such period.

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” on the applicable financial statements of Parent and its Subsidiaries for such period, prepared in accordance with Generally Accepted Accounting Principles.