Glossary

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
B
  • Boston Pizza Restaurants

    The casual dining pizza and pasta restaurants operated by BPI, BPI’s affiliated entities, BPI’s related parties or franchisees of Boston Pizza Canada Limited Partnership in Canada.

  • BP Canada LP

    Boston Pizza Canada Limited Partnership

  • BP Rights

    1. All rights of BPI in Canada, including all Canadian registered trademarks and pending Canadian trademark applications of BP, including but not limited to “Boston Pizza”, “BP & Design”, “BP’s Lounge”, “BP’s Bistro”, “Boston’s The Gourmet Pizza”,“Boston Pizza Quick Express”, “Boston Pizza Restaurant & Sports Bar”.
    2. All rights of BPI in Canada in and to any unregistered trademarks used in the business of BPI and which contain the word “Boston” or “Boston’s” or the letters “BP” or the BP design
    3. All rights of BPI in Canada in any trade names confusingly similar to any of the trademarks outlined in the Fund’s AIF dated February 15, 2017.
  • BPI

    Boston Pizza International Inc.

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C
  • Casual Dining

    $10 – $20 average cheque, full table service, themed atmosphere, generally little take-out service.

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F
  • Fiscal Year

    January 1 to December 31 for both the Fund and BPI.

  • Franchise Sales

    Franchise Sales is Gross Revenue after deducting revenue from the sale of liquor, beer and wine and approved national discounts and excluding applicable sales and similar taxes.

  • Full Service Restaurants

    Establishments that may sell alcoholic beverages, provide take-out services, operate a bar, or present live entertainment in addition to serving food and non-alcoholic beverages. This industry includes full service establishments known as fine-dining restaurants, family restaurants and restaurant-bars. Source: Statistics Canada

  • Fund

    Boston Pizza Royalties Income Fund

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G
  • Gross Sales / System Sales

    Gross Revenue is (i) revenue of the corporate Boston Pizza Restaurants in Canada owned by BPI and (ii) revenue reported to BP Canada LP by franchised Boston Pizza Restaurants in Canada, without audit or other form of independent assistance in the case of both (i) and (ii).

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H
  • Holdings LP

    Boston Pizza Holdings Limited Partnership

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I
  • IPO

    Initial Public Offering — date July 17, 2002.

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P
  • Partnership

    Boston Pizza Royalties Limited Partnership.

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R
  • Royalty Pool

    In any period, all Boston Pizza Restaurants whose Franchise Sales form the basis on which the Royalty is payable by BPI to the Partnership, and Distribution Income is payable by BP Canada LP to Holdings LP.

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S
  • Sales Growth

    The increase in gross revenue generated from Boston Pizza Restaurants across Canada over a previous period.

  • SSSG

    Same store sales growth refers to the growth in annual Gross Sales of a particular Boston Pizza Restaurant as compared to annual Gross Sales for the same period in the previous year, where the restaurant was open for a full 12 months in each year.

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U
  • Unit

    A trust unit of the Fund, each unit representing an equal undivided interest therein.

  • Unitholders

    At the relevant time, the holder(s) of the Units.

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