What is the transfer fee for an Americas Best Value Inn franchise?

you and us, our affiliates, or any supplier or vendor;

• (C) you have executed a general release of all claims against us, our affiliates, and our and their respective officers, directors, owners, representatives, agents and employees;

• (D) you provide us all information or documents we request about the proposed transfer, the transferee, and its owners;

• (E) the transferee enters an assumption agreement, in form and substance satisfactory to us, under which it assumes all of your obligations under this Agreement; or, if we require, the transferee enters the form of franchise agreement we then offer to new Brand Franchisees (for a term at least equal to the then remaining Term of this Agreement) and such other ancillary agreements as we may require;

• (F) the transferee or you pay us a transfer fee equal to the Initial Fee as set forth in Section 4.(a);

• (G) the transferee has satisfactorily completed our application procedures and meets our criteria for new Brand Franchisees in effect at that time;

• (H) the transferee has or you have completed all maintenance, refurbishing, renovating, and upgrading of the Hotel required to conform the Hotel to the Brand Standards then in effect (or the transferee has agreed to a PIP with a time-frame for completion acceptable to us);

• (I) if the Premises is leased, the landlord allows you to transfer the lease or sublease the Premises to the transferee;

• (J) if your owners or you finance any part of the purchase price, we reserve the right to require that you and your owners subordinate any of the transferee's obligations under promissory notes or agreements with you or your security interests reserved in your Hotel, to the transferee's obligation to pay Royalties, Brand Promotion Fees, Conference Fees, Revenue Management Insights Fees, Operations Insights Fees, PMS-to-CRS Enhanced Connectivity Fees and other amounts due to us, our affiliates, and third-party vendors and otherwise to comply with this Agreement;

• (K) you and your transferring owners will not directly or indirectly at any time or in any manner (except with respect to other hotels you own and operate) identify yourself or themselves or any business as a current or former Hotel or as one of our Brand Franchisees; use any Mark, any colorable imitation of a Mark, or other indicia of a Hotel in any manner or for any purpose, including in advertising any prospective transfer that would require our approval under Section 12.(b); or utilize for any purpose any trade name, trade or service mark, or other commercial symbol that suggests or indicates a connection or association with us;

  • (L) the timing of the transfer is reasonably acceptable to us;

• (M) the transferee provides us with an insurance certificate for the Hotel that complies with the requirements under Section 8.(i);

  • (N) you have paid us any past due balance owed by you; and
  • (O) the transferee and you timely satisfy any other conditions we reasonably impose.

Upon any transfer of voting or ownership interests in you if you are an Entity, or in any of your owner

Source: Item 23 — RECEIPTS (FDD pages 71–223)