Does the Budget FDD specify any financial thresholds related to the Second Amendment?
Budget Franchise · 2025 FDDAnswer from 2025 FDD Document
Inc., as a Permitted Nominee, PV Holding Corp., as a Permitted Nominee, and Cendant Rental Car Funding (AESOP) LIC**, as Lender, to the Second Amended and Restated Loan Agreement, dated as of June 3, 2004 (Incorporated by reference to Exhibit 10.2 to the Company's Current Report on Form 8-K, dated January 20, 2008). |
| 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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| Form 10-Q for the guarterly genod ended June 30, 2007, Gated August 5, 2007. Third Amendment, dated as of August 16, 2013, among AESOP Leasing L.P., as Borrower, PV Holding Corp., as a Permitted Nominee, Quarts Fleet Management, Inc., as a Permitted Nominee, and Avis Budget Third Amendment, dated as of June 3, 2004 (Incomporated by reference to Exhibit 10,36(c) to the Company's Annual Report on Rental Car Funding (AESOP) LLC, as Lender, to the Second Amended and Restated Loan Agreement, dated as of June 3, 2004 (Incomporated by reference to Exhibit 10,36(c) to the Company's Annual Report on Port 10-K for the year ended December 31, 2013, dated February 20, 2014). |
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 in the context of financial statements related to loan agreements. Specifically, it references amendments to loan agreements involving AESOP Leasing L.P., PV Holding Corp., Quartx Fleet Management, Inc., and Avis Budget Rental Car Funding (AESOP) LLC. These amendments are dated May 9, 2007, August 16, 2013, and July 28, 2022.
The document mentions these amendments in connection with the company's filings, such as Quarterly Reports on Form 10-Q and Annual Reports on Form 10-K. These filings are incorporated by reference as exhibits. The dates of these reports are also provided, such as August 8, 2007, and February 20, 2014.
However, the FDD does not specify any financial thresholds or requirements directly linked to the Second Amendment of the United States Constitution. The references to "Second Amendment" within the document pertain to amendments of financial agreements and are not related to constitutional rights or regulations concerning firearms.