What is the name of the Lessor in the Bimbo Foods Bakeries Distribution lease agreement?
Bimbo_Foods_Bakeries_Distribution Franchise · 2025 FDDAnswer from 2025 FDD Document
Lessor Lessee DATA TAG DATA TAG 655 Business Center Drive, Horsham, PA 19044 Print Name: Print Name:
Source: Item 14 — Other Accounts Payable and Accrued Liabilities (FDD pages 312–476)
What This Means (2025 FDD)
According to the 2025 Bimbo Foods Bakeries Distribution FDD, the lease agreement identifies the Lessor and Lessee. The document states, "Lessor hereby leases to Lessee and Lessee hereby leases from Lessor the personal property described above upon the terms and conditions set forth herein." This establishes a clear relationship between the Lessor, who owns the equipment, and the Lessee, who is renting it.
Further clarification is provided regarding the responsibilities and rights of both parties. For instance, the FDD mentions that "Lessee may paint Equipment in Lessee's customary manner and affix advertising or identifying insignia," indicating some level of control and customization allowed to the Lessee. Additionally, "Lessor represents and warrants that Lessor has good title to the Equipment and the right to lease said Equipment," confirming the Lessor's ownership and legal authority to lease the equipment.
The FDD also includes clauses addressing potential disputes and liabilities, stating, "Lessee agrees that, in the event of a dispute, claim or controversy against Lessor, Lessee shall be limited to the recovery of actual direct damages sustained by it...Lessee will not accept or attempt to collect through the courts or otherwise any punitive, exemplary, indirect, consequential, or incidental damages from Lessor." This suggests that Bimbo Foods Bakeries Distribution aims to limit its liability in case of disagreements, which is a common practice in leasing agreements to protect the Lessor's interests.
The Lessor is identified as DATA TAG, with their information listed as "DATA TAG 655 Business Center Drive, Horsham, PA 19044".