What does Chesters authorize the secured party to do if the Financed Amount changes?

According to Chesters' 2025 Franchise Disclosure Document, if the Financed Amount changes, you authorize Chesters to adjust the Payment amount to maintain the same interest rate.

This means that if the amount you're financing (the Financed Amount) increases or decreases, Chesters has the right to change your payment amount to keep the interest rate the same as what was originally agreed upon. This adjustment ensures that the lender's return on the financing remains consistent, regardless of changes to the principal amount.

For a prospective Chesters franchisee, this clause provides clarity on how changes to the financed amount will be handled. It protects the lender's interest rate but also means your payment could fluctuate if the financed amount is adjusted. It would be prudent to understand under what circumstances the Financed Amount might change and to factor potential payment adjustments into your financial planning.