What specific notices are waived by parties liable for the Note for Americas Best Value Inn?

According to the 2025 Franchise Disclosure Document, each party liable for the Note related to an Americas Best Value Inn franchise waives certain legal notices and requirements. This includes the maker, endorser, guarantor, or accommodation party.

The specific notices waived are presentment, demand, notice of demand, protest, notice of protest, notice of non-payment and notice of dishonor. Additionally, these parties waive diligence in collection, meaning the Holder is not required to be particularly active or timely in pursuing the debt.

This waiver benefits the Holder of the Note (which may be Americas Best Value Inn or a subsequent assignee) by streamlining the collection process in case of default. By waiving these notices, the liable parties agree to be held responsible for the debt without requiring the Holder to provide formal notification of each step in the collection process. This is a common practice in lending agreements to expedite debt recovery and reduce administrative burdens for the lender.