Does the Budget FDD require any specific actions from the franchisee 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, the term "Second Amendment" appears only in the context of financial agreements and amendments related to loan agreements involving AESOP Leasing L.P., PV Holding Corp., Quartx Fleet Management, Inc., and Avis Budget Rental Car Funding (AESOP) LLC. These references are within Item 21, which pertains to the company's financial statements and incorporated exhibits.
Specifically, the Second Amendment mentioned is dated May 9, 2007, and is 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. This amendment is 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.
This information is part of Budget's financial reporting and does not impose any obligations or requirements on franchisees related to the Second Amendment of the United States Constitution. The inclusion of "Second Amendment" in this context is purely coincidental, referring to a legal amendment within a financial agreement rather than the constitutional right to bear arms. Therefore, prospective franchisees do not need to take any specific actions related to the Second Amendment based on this information in the FDD.