How can an Even Hotels franchisee terminate the ACH debit and credit authorization?
Even_Hotels Franchise · 2025 FDDAnswer from 2025 FDD Document
The ACH authorization under this Section 6.3 will remain in effect until (a) you have provided us at least 30 days' prior written notice in accordance with Section 19.3 that you are terminating the authorization, and (b) either (i) all amounts due from you under the Agreement and under any other agreements you have with us or our Affiliates have been paid in full, or (ii) you have provided us an authorization to debit via ACH a replacement Settlement Account that is satisfactory to us in our sole discretion.
Source: Item 23 — RECEIPTS (FDD pages 99–438)
What This Means (2025 FDD)
According to Even Hotels' 2025 Franchise Disclosure Document, an Even Hotels franchisee can terminate the Automated Clearing House (ACH) debit and credit authorization under specific conditions. To terminate the ACH authorization, the franchisee must provide Even Hotels with at least 30 days' prior written notice, as detailed in Section 19.3 of the agreement.
Termination of the ACH authorization is contingent upon fulfilling all outstanding financial obligations. Specifically, all amounts due from the franchisee under the franchise agreement, as well as any other agreements with Even Hotels or its affiliates, must be paid in full. Alternatively, the franchisee can provide Even Hotels with an authorization to debit a replacement settlement account via ACH. The replacement account must be satisfactory to Even Hotels, a determination made at their sole discretion.
This process ensures that Even Hotels retains control over the payment method until all debts are settled or an acceptable alternative is provided. This requirement protects Even Hotels from potential financial losses and ensures a smooth transition when a franchisee wishes to change their payment method. Franchisees should be aware of these conditions and plan accordingly to avoid any disruptions in their financial transactions with Even Hotels.