Who does the loan note inure to the benefit of for a Beverly Anns Cookie franchise?
Beverly_Anns_Cookie Franchise · 2025 FDDAnswer from 2025 FDD Document
[Item 22: CONTRACTS]
"Us" Mobile Cookie Company, LLC Its: "You" (Your Franchise Entity Name) Your Title:
EXHIBIT H-6
BEVERLY ANN'S COFFEE FRANCHISE
PROMISSORY NOTE - EAGLE FINANCIAL SERVICES, INC.
EAGLE FINANCIAL SERVICES, INC. CONSENT AND NOTICE REGARDING ELECTRONIC COMMUNICATIONS
Electronic Signature Agreement.
By selecting the "I Accept" button, you are signing this Agreement electronically.
You agree your electronic signature is the legal equivalent of your manual signature on this Agreement.
By selecting "I Accept" you consent to be legally bound by this Agreement's terms and conditions.
You further agree that your use of a key pad, mouse or other device to select an item, button, icon or similar act/action, or to otherwise provide, or in accessing or making any transaction regarding any agreement, acknowledgement, consent terms, disclosures or conditions constitutes your signature (hereafter referred to as "E-Signature"), acceptance and agreement as if actually signed by you in writing.
You also agree that no certification authority or other third party verification is necessary to validate your E-Signature and that the lack of such certification or third party verification will not in any way affect the enforceability of your E-Signature or any resulting contract between you and Eagle Financial Services, Inc.
You further agree that each use of your E-Signature in obtaining Eagle Financial Services, Inc's online service(s) constitutes your agreement to be bound by the terms and conditions thereof.
Consent to Electronic Delivery.
You specifically agree to receive and/or obtain any and all Eagle Financial Services, Inc. related "Electronic Communications" as defined below.
The term "Electronic Communications" includes, but is not limited to, any and all current and future notices and/or disclosures that various federal and/or state laws or regulations require that we provide to you, as well as such other documents, statements, data, records and any other communications including copies of these loan documents.
Source: Item 22 — CONTRACTS (FDD page 57)
What This Means (2025 FDD)
According to the 2025 Beverly Anns Cookie Franchise Disclosure Document, Exhibit H-6 contains a sample promissory note related to Eagle Financial Services, Inc. The document indicates that by electronically accepting the agreement, the franchisee agrees to be legally bound by the terms and conditions and consents to receiving electronic communications from Eagle Financial Services, Inc., including loan documents.
This means that if a Beverly Anns Cookie franchisee obtains financing through Eagle Financial Services, Inc., the promissory note and related agreements will be for the benefit of Eagle Financial Services, Inc. The franchisee's electronic signature is considered legally binding, and they agree to receive all communications, including loan documents, electronically.
Prospective franchisees should carefully review the terms of any financing offered through Eagle Financial Services, Inc., and understand their obligations under the promissory note. It is important to note that this is a sample document, and the actual terms and conditions may vary. Franchisees should consult with legal and financial advisors to fully understand the implications of any financing agreements.