What are 'Loan Documents' defined as in the Beverly Anns Cookie agreement?

According to the 2025 Beverly Anns Cookie Franchise Disclosure Document, 'Loan Documents' are defined within the context of electronic communications related to Eagle Financial Services, Inc. Specifically, the term 'Electronic Communications' encompasses all current and future notices and/or disclosures required by federal and/or state laws or regulations, as well as other documents, statements, data, records, and any other communications, including copies of these loan documents.

For a prospective Beverly Anns Cookie franchisee, this means that if they engage with Eagle Financial Services, Inc. for financing, they agree to receive all communications, including loan documents, electronically. This includes legally required notices, disclosures, statements, records, and other pertinent information related to the loan.

This consent to electronic delivery has practical implications for how the franchisee will interact with Eagle Financial Services, Inc. It is the franchisee's responsibility to ensure they can access and manage these electronic communications effectively. This may involve having a reliable internet connection, regularly checking their email, and understanding how to store and retrieve important documents electronically. Franchisees should clarify with both Beverly Anns Cookie and Eagle Financial Services, Inc. what specific types of loan documents they can expect to receive electronically and how they will be notified when new documents are available.