Common use of Site Acceptance Clause in Contracts

Site Acceptance. Upon selection by Developer of a proposed site for a restaurant, Developer promptly shall submit to Arby's such specific site data and demographic and other information concerning the site as may be reasonably required by Arby's, utilizing such forms as may be required by Arby's. Arby's shall either accept or reject such site in accordance with Arby's then-current site selection policies and procedures. To be effective, any acceptance must be in writing. Developer understands and acknowledges that Arby's may reject any proposed site, in which event Developer will not proceed at the rejected site, but will seek to locate an acceptable site. The acquisition in any manner of any proposed site prior to acceptance by Arby's shall be at the sole risk and responsibility of Developer and shall not obligate Arby's in any way to accept same.

Appears in 2 contracts

Sources: Development Agreement (Rc Arbys Corp), Development Agreement (Valcor Inc)