What is the full name of the lender, as mentioned in the Second Amendment for Budget?
Budget Franchise · 2025 FDDAnswer from 2025 FDD Document
| 10.6 | Fourth Amended and Restated Cooperation Agreement, dated as of December 23, 2022, by and among Avis Budget Group, Inc., SRS Investment Management, LLC and certain of its affiliates (Incorporated by reference to Exhibit 10.1 to the Company's Current Report on Form 8-K dated December 27, 2022). |
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| 10,7 | Avis Budget Group, Inc. Amended and Restated Eguity and Incentive Plan (Incorporated by reference to Annex A to the Company's Definitive Proxy Statement on Schedule 14A, dated March 26, 2019).† |
| 10.8 | Amendment to the Avis Budget Group, Inc. Amended and Restated Equity and Incentive Plan dated October 26, 2021 (Incorporated by reference to Exhibit 10.3 to the Company's Quarterly Report on Form 10-Q for the numericardy period ended Sectember 30, 2021, dated November 2, 2021), if |
| 10.9 | Form of Award Agreement - Restricted Stock Units (Incorporated by reference to Exhibit 10.12 to the Company's Annual Report on Form 10-K for the year ended December 31, 2018 dated February 21, 2019),† |
| 10.10 | Form of Award Agreement - Performance Based Restricted Stock Units (incorporated by reference to Exhibit 10.13 to the Company's Annual Report on Form 10-K for the year ended December 31, 2018, dated Exhibit 21, 2019 (incorporated by reference to Exhibit 10.13 to the Company's Annual Report on Form 10-K for the year ended December 31, 2018, dated Exhibit 21, 2019 (incorporated by reference to Exhibit 10.13 to the Company's Annual Report on Form 10-K for the year ended December 31, 2018, dated Exhibit 21, 2019 (incorporated by reference to Exhibit 10.13 to the Company's Annual Report on Form 10-K for the year ended December 31, 2018, dated Exhibit 21, 2019 (incorporated by reference to Exhibit 10.13 to the Company's Annual Report on Form 10-K for the year ended December 31, 2018, dated Exhibit 21, 2019 (incorporated by reference to Exhibit 20.13 to the Company's Annual Report on Form 10-K for the year ended December 31, 2018, dated Exhibit 21, 2019 (incorporated by reference to Exhibit 20.13 to the Company's Annual Report on Form 10-K for the year ended December 31, 2018, dated Exhibit 21, 2019 (incorporated by reference to Exhibit 20.13 to the Company's Annual Report on Form 10-K for the year ended December 31, 2018, dated Exhibit 21, 2019 (incorporated by reference to Exhibit 20.13 to the Company's Annual Report on Form 10-K for the year ended December 31, 2018, dated Exhibit 21, 2019 (incorporated by reference to Exhibit 21, 2018) (incorporated by reference to Exhibit 21, 2018) (incorporated by reference to Exhibit 21, 2018) (incorporated by reference to Exhibit 21, 2018) (incorporated by reference to Exhibit 21, 2018) (incorporated by reference to Exhibit 21, 2018) (incorporated by reference to Exhibit 21, 2018) (incorporated by reference to Exhibit 21, 2018) (incorporated by reference to Exhibit 21, 2018) (incorporated by reference to Exhibit 21, 2018) (incorporated by reference to Exhibit 21, 2018) (incorporated by reference to Exhibit 21, 2018) (incorporated by reference to Exhibit 21, 2018) (incorporated |
| 10.11 | Form of Non-Employee Director Award Agreement - Restricted Stock Units (Incorporated by reference to Exhibit 10.14 to the Company's Annual Report on Form 10-K for the year ended December 31, 2018, dated February 21, 2019).† |
| 10,12 | Form of Avis Budget Group, Inc, Severance Agreement (Incorporated by reference to Exhibit 10.15 to the Company's Annual Report on Form 10-K for the year ended December 31, 2018, dated February 21, 2019).† |
| 10.13 | Avis Budget Group, Inc., Non-Employes Directors Deferred Compensation Plan, amended and restated as of January 1, 2019 (Incorporated by reference to Exhibit 10,16 to the Company's Annual Report on Form 10.4% by several Personnel Translation (Incorporated December 31, 2018, adult Exhibit 20,1019,1). |
| 10.14 | Amendment No. 1 dated as of December 8, 2022, to the Avis Budget Group, Inc. Non-Employee Directors Deferred Compensation Plan, amended and restated as of January 1, 2019 (incorporated by reference to Exhibit 10.17 to the Company's Annual Report on Form 10-K for the year ended December 31, 2022, dated February 16, 2023), † |
| 10.15 | Avis Budget Group, Inc. Supplemental Savings Plan, amended and restated as of January 1, 2023 (incorporated by reference to Exhibit 10.18 to the Company's Annual Report on Form 10-K for the year ended December 31 2020 2, dated February 16, 2023 1, |
| 10.16 | Cendant Corporation* Officer Personal Financial Services Policy Incorporated by reference to Exhibit 10.3 to the Company's Current Report on Form 8-K, dated January 26, 2005). |
| 10.17 | Tax Sharing Agreement among Cendant Corporation.* Realogy Corporation, Wyndham Worldwide Corporation and Travelport Inc., dated as of July 28, 2006 (Incorporated by reference to Exhibit 10.2 to the Corporation Covered Report on Som 8K, dated during 1, 2016). |
| 10,18 | Amendment to the Tax Sharing Agreement, dated July 28, 2006, among Avis Budget Group, Inc., Realogy Corporation, Wyndham Worldwide Corporation and Travelport Inc., (Incorporated by reference to Exhibit 10.4 to the Company's Quarterly Report on Form 10-Q for the guarterly period ended Juny 30, 2008, dated August 7, 2008), |
| 10,19 | Second Amended and Restated Base Indenture, dated as of June 3, 2004, among Cendant Rental Car Funding (AESOP) LLC***, as Issuer, and The Bank of New York, as Trustee (Incorporated by reference to Exhibit 10,7 to the Company's Quarterly Report on Form 10-Q for the quarterly period ended June 30, 2004, dated August 2, 2004). |
| 10,20 | Supplemental Indenture No. 1, dated as of December 23, 2005, among Cendant Rental Car Funding (AESOP) LLC***, as Issuer, and The Bank of New York, as Trustee, to the Second Amended and Restated Base Todeline, Glade are Curried Todeline, Glade are Curried Todeline, Glade are Curried Todeline, Glade are Curried Todeline, Glade are Curried Todeline, Glade are Curried Todeline, Glade are Curried Todeline, Glade are Curried Todeline, Glade are Curried Todeline, Glade are Curried Todeline, Glade are Curried Todeline, Glade are Curried Todeline, Glade are Curried Todeline, Glade are Curried Todeline, Glade are Curried Todeline, Glade are Curried Todeline, Glade are Curried Todeline, Glade are Curried Todeline, Glade are Curried Todeline, Glade are Curried Todeline, Glade are Curried Todeline, Glade are Curried Todeline, Glade are Curried Todeline, Glade are Curried Todeline, Glade are Curried Todeline, Glade are Curried Todeline, Glade are Curried Todeline, Glade are Curried Todeline, Glade are Curried Todeline, Glade are Curried Todeline, Glade are Curried Todeline, Glade are Curried Todeline, Glade are Curried Todeline, Glade are Curried Todeline, Glade are Curried Todeline, Glade are Curried Todeline, Glade are Curried Todeline, Glade are Curried Todeline, Glade are Curried Todeline, Glade are Curried Todeline, Glade are Curried Todeline, Glade are Curried Todeline, Glade are Curried Todeline, Glade are Curried Todeline, Glade are Curried Todeline, Glade are Curried Todeline, Glade are Curried Todeline, Glade are Curried Todeline, Glade are Curried Todeline, Glade are Curried Todeline, Glade are Curried Todeline, Glade are Curried Todeline, Glade are Curried Todeline, Glade are Curried Todeline, Glade are Curried Todeline, Glade are Curried Todeline, Glade are Curried Todeline, Glade are Curried Todeline, Glade are Curried Todeline, Glade are Curried Todeline, Glade are Curried Todeline, Glade are Curried Todeline, Glade are Curried Todeline, Glade are Curried Todeline, Glade are Curried Todeline, Glade are Curried |
| 10.21 | Supplemental Indenture No. 2, dated as of May 9, 2007, among Avis Budget Rental Car Funding (AESOP) LLC, as Issuer, and The Bank of New York Trust Company, N.A. (as successor in interest to The Bank of New York), as Trustee, to the Second Amended and Restated Base Indenture, dated as of June 3, 2004 (incorporated by reference to Exhibit 10.6 to the Company's Quarterly Report on Form 10-Q for the guarterly part of part of the Second Amended Junes 18, 2004. |
| 10.22 | Supplemental Indenture No. 3, dated as of August 16, 2013, among Avis Budget Rental Car Funding (AESOP) LLC, as Issuer, and The Bank of New York Trust Company, N.A. (as successor in Interest to The Bank of New York), as Trustee, to the Second Amended and Restated Base Indenture, dated as of June 3, 2004 (Incorporated by reference to Exhibit 10.35(c) to the Company's Annual Report on Form 10-K for the year ended December 31, 2013, dated February 20, 2014), |
| 10,23 | Second Amended and Restated Loan Agreement, dated as of June 3, 2004, among AESOP Leasing L.P., as Borrower, Quartx Fleet Management, Inc., as a Permitted Nominee, PV Holding Corp., as a Permitted Nominee, and Cendant Rental Car Funding (AESOP) LLC**, as Lender (Incorporated by reference to Exhibit 10.8 to the Company's Quartery Report on Form 10-0 for the quartery period ended June 30, 2004, dated August 2, 2004), |
| 10.24 | First Amendment, dated as of December 23, 2005, among AESOP Leasing L.P., as Borrower, Quartx Fleet Management, 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). |
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 lender as Avis Budget Rental Car Funding (AESOP) LLC. This amendment is part of a series of agreements involving AESOP Leasing L.P. as the borrower, PV Holding Corp., and Quartx Fleet Management, Inc. as Permitted Nominees.
The inclusion of this information in Item 21, Financial Statements, suggests its relevance to Budget's financial obligations and relationships. For a prospective franchisee, understanding the financial agreements Budget has in place can provide insight into the company's financial health and stability.
It is important for potential Budget franchisees to review the full context of these financial statements and related exhibits to fully understand the implications of these agreements. Specifically, franchisees should inquire about the nature of these amendments, the obligations they impose on Budget, and how these obligations might affect the franchise system.