Price Benchmark Establishment(s Sample Clauses

Price Benchmark Establishment(s. No less than forty-five (45) days prior to the opening of a Concession Location, Concessionaire must submit to City for its approval the names and addresses of at least three businesses for each of the goods or services, or substantially similar items within the Denver-Aurora Statistical Area that Concessionaire proposes to use as a Price Benchmark Establishment. The businesses must be comparable in concept, size, ambiance, service style and quality to the Concession Location and, to the extent practical, be the same businesses as identified in Concessionaire’s Response. Venues specifically excluded from consideration as comparable businesses include entertainment or sports venues, other transportation terminals, amusement parks, zoos, resorts and hotels. Once approved by City, the Price Benchmark Establishment(s) will be used as the basis for price comparisons during the remainder of the Term. In the event any of the Price Benchmark Establishment(s) ceases operations or, in the sole discretion of City, alters its concept, branding, service style, merchandise selection or menu so as to no longer be a valid comparison, Concessionaire must propose a substitute Price Benchmark Establishment(s) for approval by City. If Price Benchmark Establishment(s) cannot be determined by Concessionaire as described above, then City, in its sole discretion, will identify local area businesses similar to Concessionaire’s business at DEN to be deemed as Price Benchmark Establishment(s).
Price Benchmark Establishment(s. No less than sixty (60) days prior to the earlier of the Actual Opening Date or the Required Opening Date of the Premises, and prior to the end of each Contract Year, Concessionaire must submit to City for its approval Price Benchmarking Establishments in accordance with the procedures outlined in the Concessions Handbook. Once approved by City, the Price Benchmark Establishment(s) will be used as the basis for price comparisons during the remainder of the Term.