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WYN » Topics » Commercial Intercompany Arrangements with Cendant and its Subsidiaries

This excerpt taken from the WYN 8-K filed Jul 19, 2006.

Commercial Intercompany Arrangements with Cendant and its Subsidiaries

We have commercial arrangements with Cendant’s other business units. The arrangements we have that will be continuing after our separation from Cendant are described below. Although we believe that these agreements are substantially similar to those we would have entered into with unaffiliated third parties, there can be no assurance that the terms of these agreements are the same or more or less favorable than the terms we might have received from unaffiliated third parties.

 

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