What section of the Security Agreement is referenced regarding acceleration of obligations for a Bath Tune Up franchise?

According to the 2025 Bath Tune Up FDD, upon the occurrence of an Event of Default, the Secured Party has all the rights and remedies detailed in Section 6.2 of the Security Agreement. This means that if a franchisee fails to meet their obligations, such as making payments or adhering to the terms of the agreement, Bath Tune Up has specific recourse options as outlined in that section.

This is a standard clause in franchise agreements, allowing the franchisor to protect their interests in case of franchisee default. It is important for prospective franchisees to carefully review Section 6.2 of the Security Agreement to understand the specific actions Bath Tune Up can take if an event of default occurs. This includes understanding the conditions that trigger a default and the potential consequences, such as acceleration of debt, repossession of assets, or termination of the franchise agreement.

Understanding these terms is crucial for any potential Bath Tune Up franchisee to assess the risks associated with the franchise and to ensure they can meet the financial and operational obligations of the agreement. It is advisable to seek legal counsel to fully comprehend the implications of this clause and how it may affect their investment and business operations.