Common use of Merchandise and Value Pricing Clause in Contracts

Merchandise and Value Pricing. A. Exhibit 5 to this Agreement constitutes the listing, by general category or specific item, of all Merchandise that Tenant is allowed to sell from each Retail Space and the prices to be charged to the public. Those items of Merchandise that Exhibit 5 indicates are mandatory, if any, must be offered for sale to the public by the Tenant as a part of the Airport’s overall concession program. If Exhibit 5 is stated in general terms, upon request, Tenant must promptly provide the Commissioner with a complete list of all Merchandise and prices. The City’s execution of this Agreement constitutes its approval of the sale of the products, services, and pricing as reflected on Exhibit 5 on the Effective Date. Any changes to Exhibit 5 are subject to the Commissioner's prior written approval. B. Tenant must stock a sufficient amount of each item comprising its Merchandise within the Retail Space so as to maximize Gross Revenues, subject to and consistent with Tenant's and the City's desire to accommodate the convenience and needs of the Airport's patrons. The Merchandise must be new, fresh and of top quality. Tenant must store Merchandise inventory in excess of the amount needed to stock displays out of sight of customers before restocking a display.

Merchandise and Value Pricing. SAMPLE A. Exhibit 5 to this Agreement constitutes the listing, by general category or specific item, of all Merchandise that Tenant is allowed to sell from each Retail Space and the prices to be charged to the public. Those items of Merchandise that Exhibit 5 indicates are mandatory, if any, must be offered for sale to the public by the Tenant as a part of the Airport’s overall concession program. If Exhibit 5 is stated in general terms, upon request, Tenant must promptly provide the Commissioner with a complete list of all Merchandise and prices. The City’s execution of this Agreement constitutes its approval of the sale of the products, services, and pricing as reflected on Exhibit 5 on the Effective Date. Any changes to Exhibit 5 are subject to the Commissioner's ’s prior written approval. B. Tenant must stock a sufficient amount of each item comprising its Merchandise within the Retail Space so as to maximize Gross Revenues, subject to and consistent with Tenant's and the City's desire to accommodate the convenience and needs of the Airport's patrons. The Merchandise must be new, fresh and of top quality. Tenant must store Merchandise inventory in excess of the amount needed to stock displays out of sight of customers before restocking a display.