factual

Who is the trustee for the Amended and Restated Series 2022-5 Supplement for Budget?

Budget Franchise · 2025 FDD

Answer from 2025 FDD Document

10.56 Amended and Restated Series 2022-5 Supplement, dated as of December 27, 2024, between Avis Budget Rental Car Funding (AESOP) LLC and The Bank of New York Mellon Trust Company, N.A., as trustee and as Series 2022-5 Agent.

Source: Item 21 — FINANCIAL STATEMENTS (FDD page 79)

What This Means (2025 FDD)

According to Budget's 2025 Franchise Disclosure Document, the trustee for the Amended and Restated Series 2022-5 Supplement is The Bank of New York Mellon Trust Company, N.A. This information is part of a list of financial statements and agreements related to Avis Budget Rental Car Funding (AESOP) LLC.

This indicates that The Bank of New York Mellon Trust Company, N.A. plays a role in managing and overseeing financial aspects related to Budget's rental car funding operations. As a trustee, the company is responsible for ensuring that the terms of the supplement are adhered to and that the interests of the involved parties are protected.

For a prospective Budget franchisee, this information provides insight into the financial structure and the parties involved in managing the financial obligations of the Budget system. While it may not directly impact day-to-day operations, understanding the entities that oversee financial agreements can be helpful in assessing the overall stability and management of the Budget franchise.

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.