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This excerpt taken from the WEN 8-K filed Mar 12, 2009. “Trailing 12-month Cash Flow” means, at any time, with respect to any restaurant sites owned and operated by any New Entity, store-level income (including work opportunity tax credits) generated in the prior 12 month period before the deduction of (i) interest expense, (ii) expense for taxes paid or accrued, (iii) depreciation, (iv)
amortization, and (v) corporate overhead expenditures, in each case, calculated in a manner consistent with the per site cash flow materials provided to the Administrative Agent prior to the Restatement Effective Date.
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