What is the deadline for the Lender to notify Hawthorn Suites By Wyndham of an assignment of the agreement?

According to the 2025 Hawthorn Suites By Wyndham Franchise Disclosure Document, if a lender assigns the agreement to an affiliate or an entity that acquires the lender, the lender must notify Hawthorn Suites By Wyndham of such assignment within fifteen (15) days following the assignment.

This notification requirement ensures that Hawthorn Suites By Wyndham is informed about any changes in the lending party and maintains an updated record of the involved parties. This allows Hawthorn Suites By Wyndham to keep track of who they are working with and ensures clear communication channels are maintained.

This clause is important for prospective franchisees as it outlines the responsibilities of the lender in keeping Hawthorn Suites By Wyndham informed about changes in the lending relationship. Franchisees should be aware of this requirement as it can impact the overall management and administration of their franchise agreement.