Street Pricing Sample Clauses
The STREET PRICING clause defines how the prices for goods or services will be set based on prevailing market rates or publicly available prices. In practice, this clause ensures that the pricing reflects current conditions in the marketplace, often referencing published price lists or average rates in a specific geographic area. Its core function is to provide transparency and fairness in pricing, preventing either party from being disadvantaged by arbitrary or outdated price terms.
POPULAR SAMPLE Copied 1 times
Street Pricing. The City requires that Concessionaire provide to customers high quality products and services and competitively price all products sold and services rendered from the Premises such that the prices are non-discriminatory and substantially comparable to average “street” prices for same, if available, or similar brands sold by retailers in the San Antonio metropolitan area so that customers do not expect to pay more for products and services in the Terminal than they would for average prices in locations outside the Terminal. Concessionaire agrees to adjust its prices to ensure that they meet the “street” pricing criteria in accordance with the City’s pricing policy and enforcement guidelines without any further notice or immediately upon written notice from the Director if Concessionaire is not in compliance therewith. Prior to opening for business, Concessionaire agrees to supply to the Director a detailed list of all products and services to be offered at the Premises and the prices to be charged therefor. Concessionaire agrees to continue to provide this data on an annual basis throughout the Term hereof. Concessionaire shall, at all times, observe and comply with the City’s street pricing policy as set forth in Exhibit E. Further, for the benefit of the users of the Terminal, the City has the right to promote a “free market” competitive environment within the Terminal and, to the extent possible, the City may cluster concession operators with similar products and services in groups to help stimulate competition, provide superior service and competitive pricing, and under no circumstances shall Concessionaire receive any type of “exclusives” or protection related thereto. To ensure that Concessionaire is in compliance with the quality of products, pricing and service standards set forth in this Section 8.02(c), and the City’s objectives are met, the City or its designated management representative may perform service audits, such as “mystery shopper programs,” of the conduct of Concessionaire’s operation in the Premises at any time. The results of such service audits performed on behalf of either the City may be employed by the City to enforce Concessionaire’s obligations hereunder. Concessionaire agrees that after it has taken delivery of the Premises, it will contact the Airport Concessions Manager on all operational matters pertaining to its occupancy including but not limited to the following areas: (a) hours of operation, (b) employee parking and sec...
Street Pricing. Lessee shall post all prices charged for products sold and services performed in conspicuous places, and the prices shall be fair, reasonable and competitive with those generally charged by the operators of similar services in Fairfax and Loudoun Counties (the “Comparable Local Retail Area”). Lessee shall submit a schedule of fees and charges for all meals and products sold to the Authority from time to time if requested by the Authority in writing.
Street Pricing. 1. Lessee shall provide for the prominent display of gasoline, CNG and diesel retail prices. Prices shall be posted on each pump, so as to be visible to customers. Two service station monument signs, subject to the Authority’s approval, shall have prices for each type of fuel sold and shall be visible from Rudder Road and Ariane Way.
2. Lessee shall post all prices charged for gasoline, CNG, diesel fuels, and other products sold and services performed in conspicuous places, and the prices shall be fair, reasonable and competitive with those generally charged by the operators of service station facilities in Fairfax and Loudoun Counties (Comparable Local Retail Area). Lessee shall submit a schedule of fees and charges for all products sold and services performed to the Authority from time to time if requested by the Authority in writing.
3. Lessee may adjust and change its gasoline and other fuel prices from time to time during the Term. However, in order to monitor and measure whether the fuel pricing is set on a Comparable Local Retail Area basis, Lessee shall conduct a monthly market survey of fuel prices from like-branded gasoline stations within an 8-mile radius of the Facilities. The survey shall recite actual prices recorded within five (5) days of each other during the calendar month. Lessee shall maintain a competitive price structure that is not higher than the highest price for each type of fuel in the Comparable Local Retail Area. Lessee shall deliver the survey results to the Authority on a quarterly basis and the Authority may request the survey more often, in its sole discretion. If the survey indicates that the Lessee is not in compliance with the foregoing, Lessee will adjust its pricing accordingly, within five (5) calendar days. Failure to comply will constitute a Default.
4. If Lessee offers a rebate, discount or refund for cash only sales, versus payment by credit card, such method shall be posted in a conspicuous place on each pump. In addition, the employees at the Facilities shall verbally advise all cash paying customers of the rebate, discount or refund and apply such rebate, discount or refund as appropriate.
5. Lessee shall keep its convenience products store continuously stocked with high quality, saleable merchandise and establish prices that are no higher than prices charged at other like-branded service stations in the Comparable Local Retail Area. The Authority reserves the right to determine and approve the nature and type ...
Street Pricing. Concessionaire shall, at all times, observe and comply with the City’s street pricing policy as set forth in Exhibit E. .
Street Pricing