Benchmark Store definition
Benchmark Store means a bona fide, standalone Licensed Retail Store open for business in the ordinary and commercially reasonable course for such store in accordance with the terms of this Agreement.
Examples of Benchmark Store in a sentence
Benchmark Store exclusions may change throughout the Term as determined necessary by the City.
Notwithstanding the aforementioned exclusions, in the case of a news and gift store where Tenant or its Subtenant currently operate a same-brand location in the City of Chicago, in a transportation center, and that location has its own customer walk-up street access, the City may consider allowing Tenant to propose that location as a Benchmark Store.
In such a case, the Value Pricing policy prohibits ▇▇▇▇-up of pricing higher than that of the applicable Benchmark Store because that store already is in a transportation center.