−Removed: Our principal executive offices are located at 6 Sylvan Way, Parsippany, New Jersey 07054 pursuant to a lease agreement that expires in 2023.
+Added: Our principal executive offices are located at 6 Sylvan Way, Parsippany, New Jersey 07054 pursuant to a lease agreement that expires in October 2023.
+Added: Upon expiration of our lease agreement, we plan to relocate to another property in the same city.
We own a facility in Virginia Beach, Virginia, which serves as a satellite administrative facility for our car and truck rental operations.
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Those leases and concession agreements typically require the payment of minimum rents or minimum concession fees and often also require us to pay or reimburse operating expenses, to pay additional rent, or concession fees above guaranteed minimums, based on a percentage of revenues or sales arising at the relevant premises, or to do both.
−Removed: See Note 3 to our Consolidated Financial Statements for information regarding lease commitments.
+Added: See Note 3 – Leases to our Consolidated Financial Statements for information regarding lease commitments.
We believe that our properties are sufficient to meet our present needs and we do not anticipate any difficulty in securing additional space, as needed, on acceptable terms.
LEGAL PROCEEDINGS
−Removed: For information regarding legal proceedings, see Note 15 to our Consolidated Financial Statements.
+Added: For information regarding legal proceedings, see Note 15 – Commitments and Contingencies to our Consolidated Financial Statements.
MINE SAFETY DISCLOSURES
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Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.