What is the full name of the borrower, as mentioned in the Second Amendment for Budget?
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 Second Amendment, dated May 9, 2007, identifies the borrower as AESOP Leasing L.P. The document also lists PV Holding Corp. and Quartx Fleet Management, Inc. as Permitted Nominees and Avis Budget Rental Car Funding (AESOP) LLC as the lender. This amendment pertains to the Second Amended and Restated Loan Agreement, initially dated June 3, 2004.
This information is relevant to prospective Budget franchisees as it provides insight into the financial agreements and entities involved with Budget. Understanding the relationships between these entities can offer a clearer picture of the financial structure supporting the Budget franchise system.
While this excerpt identifies the borrower and lender in the context of a specific amendment, it's important to note that this is just one snapshot of Budget's financial arrangements. Franchisees should seek further clarification from Budget regarding current lending agreements and any potential impact on their franchise operations.