Under the All Team agreement, can ATFC assign the Guaranty to Centennial Bank?

According to All Team's 2025 Franchise Disclosure Document, the Guaranty may be assigned to Centennial Bank. Specifically, the document states that the guarantor acknowledges that the Guaranty can be assigned by All Team Franchise Corporation (ATFC) to Centennial Bank as collateral for ATFC's obligations to Centennial, and the guarantor specifically consents to this assignment.

This means that a prospective All Team franchisee's personal guarantee could be used as collateral by All Team to secure its own financial obligations with Centennial Bank. This is a significant point for potential franchisees to understand, as it directly ties their personal financial liability to the financial relationship between All Team and Centennial Bank.

It is important for the franchisee to seek legal counsel to fully understand the implications of this assignment clause. The franchisee should also inquire about the details of the "Centennial Agreement" to understand the extent of ATFC's obligations to Centennial Bank and how those obligations could impact the franchisee's guarantee.