Does Budget provide any sales incentives or promotional programs that are documented in the receipts?

Licensee will display any promotional programs, including special suggested rate promotions as a result of agreements Budget enters into with National Accounts.

Budget has established a centralized system of paying travel agents and other groups as a result of referral business to Licensees.

Licensee will reimburse Budget for amounts paid to travel agents or other groups on Licensee's behalf, including abiding by the terms of such credit and other programs such as frequent flyer, frequent renter or other travel incentive programs, which Budget may designate.

Budget may, advertise leisure rental rates as part of the promotional programs which it sponsors for the public.

If Licensee communicates to Budget, by execution of a voluntary participation agreement or by another means required by Budget, that it has decided in its own discretion to comply with suggested leisure rental rates, including tour rates, Licensee will honor the agreed to rental rates and all of the other terms of such programs.

Licensee acknowledges that Budget and others will rely on such communications.

Licensee will, by the execution of this Agreement, be obligated to comply with, and adhere to, all rental rates set by Budget for National Accounts, including association discounts and corporate rates but excluding tour rates; provided however, Licensee will be allowed to impose surcharges on such rates for their locations where such surcharges have been negotiated with the National Accounts or are otherwise permitted under Budget pricing policies to compete with additional suppliers of the National Accounts.

Budget may, at its sole option, hold periodic conventions or seminars for the Network, which may include programs on sales and marketing techniques, performance specifications, advertising programs and training suggestions, among other things. Licensee's attendance at each convention or seminar is mandatory and Licensee will bear all expenses of attending, including travel, lodging, meals and entertainment.

Budget will conduct such advertising and promotion, at its own expense, and in such manner and to such extent, as Budget sees fit in its sole discretion.

With respect to such advertising and promotion by Budget, Budget may expend the Monthly Marketing Fees (as required in Paragraph 7.4 and the Summary Pages (Section 10(d))) for advertising and promotion (including the development and operation of the Reservation System and the development of National Accounts business, as hereinafter more fully described in Paragraphs 6.2 and 6.1, respectively) such amounts as Budget, in its sole discretion, deems appropriate and desirable.

If Budget (in its sole discretion) elects to conduct advertising and promotion for the Network (or for any part of the Network), Licensee will have no right, claim or interest of any kind in or to any Monthly Marketing Fees paid by Licensee to Budget that Budget intends to expend or expends for advertising and promotion or to any allocation of such funds, including the portion of the Reservation Fee collected by Budget from Licensee towards expenses related to the promotion of reservation channels, pursuant to Paragraph 7.5 and the Summary Pages (Section 10(e)) herein.

Budget will have sole discretion over the funds and the related advertising and promotion activities, including over: (1) the creative concepts, formats, materials and endorsements used; (2) the geographic, market and media placement and allocation of programs and activities; and (3) the sources used to formulate, develop and conduct advertising and promotion.

Source: Item 23 — RECEIPTS (FDD pages 80–426)