Does the Budget FDD prohibit any actions by the franchisee that are related to the Second Amendment?
Budget Franchise · 2025 FDDAnswer from 2025 FDD Document
| Second Amendment, dated as of May 9, 2007, among AESOP Leasing L.P., as Borrower, PV Holding Corp., as a Permitted Nominee, Quartx Fleet Management, Inc., as a Permitted Nominee, and Avis Budget Rental Car Funding (AESOP) LLC, as Lender, to the Second Amended and Restated Loan Agreement, dated as of June 3, 2004 (Incorporated by reference to Exhibit 10.8 to the Company's Quarterly Report on Form 10-Q for the quarterly period ended June 30, 2007, dated August 8, 2007). |
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Source: Item 21 — FINANCIAL STATEMENTS (FDD page 79)
What This Means (2025 FDD)
According to Budget's 2025 Franchise Disclosure Document, Item 21 includes a listing of financial statements and amendments. Among these, there is a mention of a "Second Amendment, dated as of May 9, 2007." However, this refers to a legal agreement related to financing and loan agreements involving AESOP Leasing L.P., PV Holding Corp., Quartx Fleet Management, Inc., and Avis Budget Rental Car Funding (AESOP) LLC.
This reference to a "Second Amendment" in the Budget FDD pertains to a financial agreement and not to the Second Amendment of the United States Constitution. Therefore, the document does not explicitly address or prohibit any actions by franchisees related to the right to bear arms.
Prospective franchisees should be aware that while the FDD does not cover this specific topic, Budget may have other internal policies or guidelines that could address franchisee conduct related to the Second Amendment. It would be prudent for potential franchisees to inquire directly with Budget about any such policies during their due diligence process.