conditional

Is there a specific condition related to the Second Amendment that Budget franchisees should be aware of?

Budget Franchise · 2025 FDD

Answer 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).

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 several amendments related to loan agreements. Specifically, there is mention of a "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".

This amendment pertains to the financial and legal structuring of Budget's corporate entities and their loan agreements. It does not relate to the Second Amendment of the United States Constitution, nor does it impose any specific conditions or restrictions on Budget franchisees regarding the right to bear arms. The document is referencing internal financial agreements and amendments thereto.

Prospective franchisees should understand that this reference is purely related to corporate finance and has no bearing on their rights or obligations as franchisees concerning the Second Amendment of the United States Constitution. This section of the FDD is focused on providing financial transparency and detailing the financial obligations and agreements of the parent company, which is standard practice for franchise disclosure documents.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.