What is the Camp Margaritaville Guarantor's acknowledgement regarding the Franchise Agreement and the execution of the Guaranty?
Camp_Margaritaville Franchise · 2025 FDDAnswer from 2025 FDD Document
For value received, Margaritaville Holdings LLC, a Delaware limited liability company (the "Guarantor"), located at 6900 Turkey Lake Road, Suite 200, Orlando, Florida 32819 absolutely and unconditionally guarantees to assume the duties and obligations of Margaritaville RV Resorts, LLC, located at 6900 Turkey Lake Road, Suite 200, Orlando, Florida 32819 (the "Franchisor"), under its franchise registration in each state where the franchise is registered, and under its Franchise Agreement identified in its Camp Margaritaville RV Resorts Franchise Disclosure Document, as it may be amended, and as that Franchise Agreement may be entered into with franchisees and amended, modified or extended from time to time. This guarantee continues until all such obligations of the Franchisor under its franchise registrations and the Franchise Agreement are satisfied or until the liability of Franchisor to its franchisees under the Franchise Agreement has been completely discharged, whichever first occurs. The Guarantor is not discharged from liability if a claim by a franchisee against the Franchisor remains outstanding. Notice of acceptance is waived. The Guarantor does not waive receipt of notice of default on the part of the Franchisor. This guarantee is binding on the Guarantor and its successors and assigns.
Signed at Paln Beach, Fundamental property on April 38 2025 [Insert City Above] [Insert Date Above]
Guarantor:
Margaritaville Holdings LLC
Name: John Cohlan
Title: Chief Executive Officer
Source: Item 23 — RECEIPTS (FDD pages 72–406)
What This Means (2025 FDD)
According to the 2025 Camp Margaritaville Franchise Disclosure Document, Margaritaville Holdings LLC, the Guarantor, acknowledges and guarantees the duties and obligations of Margaritaville RV Resorts, LLC, the Franchisor, under the franchise registration in each state where the franchise is registered and under the Franchise Agreement. This guarantee is absolute and unconditional.
The guarantee remains in effect until all obligations of the Franchisor under the franchise registrations and the Franchise Agreement are satisfied, or until the Franchisor's liability to its franchisees under the Franchise Agreement is completely discharged, whichever comes first. The Guarantor remains liable even if a franchisee's claim against the Franchisor is outstanding. The Guarantor waives the right to receive notice of acceptance of the guarantee but does not waive the right to receive notice of default on the part of the Franchisor.
The guarantee is binding on Margaritaville Holdings LLC and its successors and assigns. The document includes a space for the signature of the Guarantor, Margaritaville Holdings LLC, along with the name and title of the signatory, which in this case is John Cohlan, Chief Executive Officer. The signing location is indicated as Paln Beach, Fundamental property on April 38 2025.