Does the document state that the power of attorney for Big Air Trampoline Park has been revoked?
Big_Air_Trampoline_Park Franchise · 2025 FDDAnswer from 2025 FDD Document
FURTHER RESOLVED, that the signature of each of the following officers: President, any Executive Vice President, any Senior Vice President, any Vice President, any Assistant Vice President, any Secretary, and the seal of the Company may be affixed by facsimile to any Power of Attorney or to any certificate relating thereto appointing Resident Vice Presidents, Resident Assistant Secretaries or Attorneys-in-Fact for purposes only of executing and attesting bonds and undertakings and other writings obligatory in the nature thereof, and any such Power of Attorney or certificate bearing such facsimile signature or facsimile seal shall be valid and binding upon the Company and any such power so executed and certified by such facsimile signature and facsimile seal shall be valid and binding on the Company in the future with respect to any bond or understanding to which it is attached.
I, Kevin E. Hughes, the undersigned, Assistant Secretary of each of the Companies, do hereby certify that the above and foregoing is a true and correct copy of the Power of Attorney executed by said Companies, which remains in full force and effect.
Dated this 10 day of April, 2023.
What This Means (2025 FDD)
According to the 2025 FDD, the provided excerpts include multiple references to a Power of Attorney granted by Travelers Casualty and Surety Company of America, Travelers Casualty and Surety Company, St. Paul Fire and Marine Insurance Company, and Farmington Casualty Company to Russell E. Vance of Hartford, CT. This Power of Attorney authorizes Vance to sign, execute, seal, and acknowledge surety bonds on behalf of Big Air Trampoline Park. The documents include certifications and acknowledgments related to the Power of Attorney, affirming its validity and force.
Specifically, Assistant Secretary Kevin E. Hughes certifies that the Power of Attorney remains in full force and effect as of April 10, 2023. This certification suggests that the Power of Attorney was active as of that date. Additionally, the FDD includes contact information to verify the authenticity of the Power of Attorney, indicating a process for confirming its validity.
However, the provided excerpts do not explicitly state whether the Power of Attorney has been revoked. While the documents confirm its active status as of certain dates, there is no mention of any revocation or termination of the Power of Attorney within the given text. Therefore, a prospective franchisee would need to seek additional information from Big Air Trampoline Park to determine the current status of the Power of Attorney and whether any changes have occurred since the dates mentioned in the FDD.