What is the purpose of the ACF Disbursement Authorization for Bimbo Foods Bakeries Distribution?
Bimbo_Foods_Bakeries_Distribution Franchise · 2025 FDDAnswer from 2025 FDD Document
| ADDRESS: | PHONE: ; OR IF BLANK, |
|---|---|
| IS DISTRIBUTION CON | SULTANTS, INC., 2900 WESTCHESTER AVENUE, PURCHASE, NEW YORK 10577, (914) 696-7500. |
| BFBD AUTHORIZES TH | E PERSONS ON EXHIBIT A TO RECEIVE SERVICE OF PROCESS FOR BFBD. |
| I HAVE RECEIVED A D | ISCLOSURE DOCUMENT DATED APRIL 21, 2025. |
| THIS DISCLOSURE DO | CUMENT INCLUDED THE FOLLOWING EXHIBITS: |
| Exhibit A | State Regulators; Agents for Service |
| Exhibit B | ACF Financing Documents 1. ACF Promissory Note 2. ACF Disbursement Authorization 3. ACF Financing Security Agreement 4. ACF Personal Guaranty Agreement |
Source: Item 22 — CONTRACTS (FDD page 84)
What This Means (2025 FDD)
According to the 2025 Bimbo Foods Bakeries Distribution FDD, the ACF Disbursement Authorization is part of the ACF Financing Documents, as listed in Exhibit B. This exhibit also includes the ACF Promissory Note, ACF Financing Security Agreement, and ACF Personal Guaranty Agreement.
While the FDD mentions the existence of the ACF Disbursement Authorization as part of the financing documents, it does not detail the specific purpose or function of this authorization. A prospective franchisee would need to obtain further clarification from Bimbo Foods Bakeries Distribution regarding the specifics of the ACF Disbursement Authorization and how it operates within the financing framework.
Understanding the purpose and implications of the ACF Disbursement Authorization is crucial for any potential Bimbo Foods Bakeries Distribution franchisee who plans to utilize ACF financing. It is recommended that prospective franchisees seek legal and financial counsel to fully understand their obligations and rights under these agreements.