What is the relationship between M & T Pizza and Carbones Pizzeria regarding franchisee financing?
Carbones_Pizzeria Franchise · 2025 FDDAnswer from 2025 FDD Document
ch of your owners and their spouses.
EXHIBIT A
ELECTRONIC FUNDS TRANSFER/DEBIT AUTHORIZATION FORM
| The undersigned ("Franchisee") acknowledges that on or about, 202, Franchisee and M & T Pizza Incorporated ("Franchisor") entered into a Franchise Agreement ("Agreement") for the operation of a Carbone's Pizzeria franchise. |
|---|
| To enable the Franchisor to receive automatic payments pursuant to the Agreement, Franchisee authorizes ("Authorization") |
| Franchisor to withdraw funds from and otherwise initiate debit entries to Franchisee's bank account indicated below, and the |
| depository named below ("Depository"), to debit the same to such account. |
| Depository Name: |
| Branch: |
| City State and Zip: |
| Transit/ABA#: |
| Bank Account Name: |
| Bank Account Number: |
| Tax ID for Account: |
| This Authorization is to remain in full force and effect until the underlying obligations of the Agreement have been satisfied in |
| full or expressly released in writing by Franchisor. Franchisee expressly agrees that this Authorization will apply to any and all |
| depositories and bank accounts that Franchisee opens during the term of the Agreement and any renewal terms. Without limiting |
| the above, Franchisee acknowledges and agrees that if Franchisee closes any bank account, Franchisee will: |
| 1) |
| immediately notify Franchisor in writing; |
| 2) |
| open or otherwise establish another bank account; |
| 3) |
| execute and deliver to Franchisor all documents necessary for Franchisor to begin and continue making |
| withdrawals from such bank account/depository by ACH debiting or other electronic means. |
| Franchisee expressly acknowledges and agrees that this Authorization will be the only written authorization needed from |
| Franchisee in order to initiate debit entries/ACH debit originations to Franchisee's bank account(s) established with any |
| depository in the future. |
| Name of Franchisee(s): |
| Signature: Sample - Not for Execution |
| Print Name: |
| Title: |
| Date: |
EXHIBIT C
GUARANTY
IN CONSIDERATION of the **[INSERT ONE/DELETE REMAINING ONE] [**grant by M & T Pizza Incorporated ("Franchisor") of a Carbone'
Source: Item 10 — FINANCING (FDD pages 14–15)
What This Means (2025 FDD)
According to the 2025 Carbones Pizzeria Franchise Disclosure Document, M & T Pizza Incorporated is the franchisor. As the franchisor, M & T Pizza enters into a Franchise Agreement with the franchisee for the operation of a Carbones Pizzeria franchise. M & T Pizza is authorized to withdraw funds from the franchisee's bank account for automatic payments as outlined in the agreement.
To ensure M & T Pizza receives these automatic payments, the franchisee must authorize M & T Pizza to withdraw funds from their designated bank account. This authorization remains in effect until all obligations under the Franchise Agreement are met or expressly released in writing by M & T Pizza. The franchisee agrees that this authorization applies to any bank accounts opened during the term of the agreement and any renewal terms.
Furthermore, the franchisee must notify M & T Pizza in writing if they close any bank account, establish a new account, and provide all necessary documents for M & T Pizza to continue making withdrawals. The authorization serves as the only written authorization needed for M & T Pizza to initiate debit entries to the franchisee's bank accounts in the future.
In addition to the payment obligations, the franchisee may be required to have any owners of the franchise sign a personal guarantee agreeing to comply with all provisions of the Franchise Agreement.