Common use of Automatic Investment Clause in Contracts

Automatic Investment. 7.1. The possibility to use the Automatic Investment Function in the Platform may be granted to Funders and using this function take part in Auctions and make Proposals automatically. 7.2. The Funders seeking to use the Automatic Investment Function confirm that they agree to the General Provisions of the Automatic Investment Agreement (hereinafter—Agreement of the Automatic Investment) and signs them on their account in the Platform. 7.3. By using the Automatic Investment Function, in the Platform, Funders are able to set in advance criteria (e.g. the term of a loan, amount of interest, LTV, class of risk, type of the loan, type of the assurance means, etc.) they want to apply to the Offers made to respective Applications and set the Parameters of such Offers (e.g., the invested amount in one project, the total investment amount, etc.). After publishing the Application meeting the Criteria in the Platform, the Funder takes part in the Auction pursuant to the set Parameters and makes the Offer for such Application automatically. 7.4. The Offers submitted by the Funders who use the Automatic Investment Function shall be deemed equal to the Offers submitted in accordance with Clauses 6.1 – 6.10 hereto and identical rights and obligations are valid in their regard. Upon making Offers and using this functionality, the funds automatically booked and/or automatically transferred (charged) from the Loan Provider’s Paysera account are for financing a respective Application. 7.5. To no extent, the Operator makes decisions to take part in Auctions or submit Offers on behalf of the User. The use of User‘s Automatic Investment Function is equal to taking part in Auctions, submitting Offers, and conclusion of Loan Agreements without using this function. 7.6. Offers made by using the Automatic Investment Function are irreversible and cannot be changed. Using the Automatic Investment Function, the submitted Offer is valid until the end of the Auction. 7.7. Other provisions of the use of the Automatic Investment Function are determined in the Agreement of Automatic Investment.

Appears in 4 contracts

Samples: Agreement on the Use of the Nordstreet Platform, Agreement on the Use of the Nordstreet Platform, Agreement on the Use of the Nordstreet Platform

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Automatic Investment. 7.11.79. The possibility to use the Automatic Investment Function in the Platform may be granted to Funders and using this function take part in Auctions and make Proposals automatically. 7.21.80. The Funders seeking to use the Automatic Investment Function confirm that they agree to the General Provisions of the Automatic Investment Agreement (hereinafter—Agreement of the Automatic Investment) and signs them on their account in the Platform. 7.31.81. By using the Automatic Investment Function, in the Platform, Funders are able to set in advance criteria (e.g. the term of a loan, amount of interest, LTV, class of risk, type of the loan, type of the assurance means, etc.) they want to apply to the Offers made to respective Applications and set the Parameters of such Offers (e.g., the invested amount in one project, the total investment amount, etc.). After publishing the Application meeting the Criteria in the Platform, the Funder takes part in the Auction pursuant to the set Parameters and makes the Offer for such Application automatically. 7.41.82. The Offers submitted by the Funders who use the Automatic Investment Function shall be deemed equal to the Offers submitted in accordance with Clauses 6.1 1.69 6.10 1.78 hereto and identical rights and obligations are valid in their regard. Upon making Offers and using this functionality, the funds automatically booked and/or automatically transferred (charged) from the Loan Provider’s Paysera NS Pay account are for financing a respective Application. 7.51.83. To no extent, the Operator makes decisions to take part in Auctions or submit Offers on behalf of the User. The use of User‘s Automatic Investment Function is equal to taking part in Auctions, submitting Offers, and conclusion of Loan Agreements without using this function. 7.61.84. Offers made by using the Automatic Investment Function are irreversible and cannot be changed. Using the Automatic Investment Function, the submitted Offer is valid until the end of the Auction. 7.71.85. Other provisions of the use of the Automatic Investment Function are determined in the Agreement of Automatic Investment.

Appears in 1 contract

Samples: Agreement on the Use of the Nordstreet Platform

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