Are there any required actions for Budget franchisees 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, Item 21 includes references to a "Second Amendment, dated as of May 9, 2007." However, this refers to a legal agreement related to financing and loan agreements involving AESOP Leasing L.P., PV Holding Corp., Quartx Fleet Management, Inc., and Avis Budget Rental Car Funding (AESOP) LLC.
This Second Amendment is incorporated by reference to Exhibit 10.8 of the company's Quarterly Report on Form 10-Q for the quarterly period ended June 30, 2007, dated August 8, 2007. It does not pertain to the Second Amendment of the United States Constitution or any obligations or rights related to firearms.
Therefore, the mention of a "Second Amendment" in the FDD relates to financial agreements and has no bearing on a franchisee's rights or responsibilities concerning firearm ownership or regulations under the U.S. Constitution.