CONCLUSION OF THE LOAN AGREEMENT. 6.1. The Investor wishing to participate in the Auction must in advance create the Paysera Account, and have funds available on his/her/its Paysera Account. Along with the Offer, the Investor shall provide a payment order for the transfer of funds from his/her/its Paysera Account to the Borrower’s Paysera Account. The Investor hereby shall additionally grant the right and authorisation to the Operator, if necessary, for giving the instructions to Paysera LT, UAB to reserve and/or transfer (debit) the amount specified in the Offer from the Investor’s Paysera Account to the Borrower’s Paysera Account.
6.2. In any case, by participating in the Auction, the Investor shall make payments to the Borrowers from the Paysera Account opened in the name of that Investor. If, when participating in the Auction, the Investor makes payments from Paysera Account which is not opened in that Investor’s name, such Investor shall assume all the liability for any consequences (to the Investor, Operator and/or other persons) related to non-fulfilment of the requirement stated in this paragraph of the Agreement.
6.3. The Loan Agreement shall be concluded by means of the Auction and considered automatically concluded between the Borrower and the Investor/s who/which won the Auction as of the date of the end of the Auction. The winning Investors shall be those who/which before the expiration of a set term or moment, where the Application has been filled out at 100 percent, present their Offers faster than other Investors, under a condition that the Borrower shall be generally offered the full Loan Amount.
6.4. The Operator shall record and register all the Offers provided in the Auction in a chronological order. This procedure shall be established according to the time displayed on the Platform.
6.5. The Auction shall be organised by the principle of priority, i.e. the Auction shall be won by the Investors who/which present their Offers first. The Investor shall not be able to withdraw the Offer following its submission.
6.6. The Auction shall be considered to be non-initiated and the Loan Agreement on the basis of the Application shall not be concluded, if within 30 (thirty) calendar days of the start date of the Auction or within in a shorter period specified in the Application, there are no Offers presented that match the full amount of the Application, unless it is clearly indicated in advance that the Auction will be divided and executed in several stages until the total requi...
CONCLUSION OF THE LOAN AGREEMENT. 5.1 The Borrower shall apply for the Loan Agreement via the Client Profile on the Website, stating the expected Loan Amount and the Loan Term. The Borrower applying for the second and any subsequent Loan may apply for the Loan by phone through the Customer Service Department.
5.2 When analysing the Loan Application, the Lender shall in particular verify the correctness and completeness of the data included in the Loan Application on the basis of publicly available data, lists and registers and shall examine the current debt balance towards the Lender under the Loans, as well as the Borrower’s debt towards entities affiliated by capital with the Lender and towards other entities on the basis of information included in debtors’ databases, to which the Borrower agrees by entering into this Agreement.
5.3 The conclusion of the Loan Agreement depends on the positive verification of the Loan Application and the assessment of the Borrower’s creditworthiness, while these actions are not repeated in the case of the Borrower applying for further Loan Amounts to be provided within the Total Loan Limit granted to the Borrower.
5.4 The Lender may refuse to enter into the Loan Agreement with the Borrower on the basis of the information in the Lender’s or in the Intermediary’s database. In the case of a refusal to enter into the Loan Agreement due to a negative assessment of the Borrower’s creditworthiness, the Lender or the Intermediary shall inform of the results of such assessment and shall state the database in which the assessment was made. The Lender or the Intermediary shall inform the Borrower of his decision to grant the Loan by phone, text message or email message or by means of a message on the Client Profile.
5.5 If the Lender takes a positive decision on the conclusion of the Loan Agreement, the Lender, through the Intermediary, shall immediately send the following documents to the email address stated by the Borrower:
a) The Loan Agreement and its annexes, including in particular the model statement on withdrawal from the Loan Agreement;
CONCLUSION OF THE LOAN AGREEMENT. 6. The Loan Agreement is concluded in the form of crowdfunding and consists of the Special Terms and Conditions and the present General Terms and Conditions. The Loan Agreement is considered to be a multilateral loan transaction provided more than one Lender shall be lending funds to the Borrower under the Application.
7. The Borrower shall be entitled to withdraw the Application only until the moment of publication of the Application on the Platform, i.e. when the first proposal for financing the Application is submitted after the publication of the Application. After the first proposal for the financing of the Application, the Borrower shall no longer be entitled to withdraw the Application without a separate consent of the Operator.
8. If the Lender undertakes to provide financing for the selected Project on the Platform in accordance with the published Application, such action of the Lender shall be irrevocable and the Lender shall not be entitled to withdraw such a commitment to grant the loan.
9. The Loan Agreement is a crowdfunding transaction and is entered into by means of crowdfunding on the Platform. The Loan Agreement is considered to be concluded from the moment of successful financing of the entire amount of the Application on the Platform.
10. The Parties agree that the actions taken by the Borrower and the Lender (Submission of the Application, the Proposal) and the data specified (User code, User account details, Borrower’s or Lender’s NS Pay account statement, User’s or Platform’s e-mails, or telephone audio recording, or the Platform’s statement of the Borrower’s or Xxxxxx’s actions in the User’s Account) shall be considered to be sufficient to express the will and intention to enter into the Loan Agreement and shall be equated to the Lender’s or Borrower’s signature with legal force as prescribed in the legal acts, and the Application and the Proposal placed on the basis thereof (Special Terms and Conditions) and the General Terms and Conditions, under which the amount lent by the Lender is transferred to the Borrower, shall be treated as a single original document and be equivalent to a document drawn up in writing, and shall have the same legal effects as a document signed by the Borrower and the Lender on each sheet thereof.
11. The Lenders authorise the Operator to represent their interests, enter into asset pledge transactions and / or other agreements related to the Loan Agreement and / or Collateral, where it is necessary to prot...
CONCLUSION OF THE LOAN AGREEMENT. 2.1. Each of the loan agreement, which is concluded between the Parties in accordance with the provisions below, consists of i) these Short-Term Loan Terms and ii) following terms specified in a given Short-Term Loan Sheet:
2.1.1. Short-Term Loan Amount;
2.1.2. Short-Term Loan Duration;
2.1.3. Transaction Fee;
2.1.4. Variable APR and/or Yield Booster ; (“Short-Term Loan Agreement”).
2.2. The Short-Term Loan Agreement is concluded between the Parties through the Platform’s interface, i.e. the function available on the “Earn” page that allows the Lender to browse commercial terms of individual loans in the Short-Term Loan Sheets. The Short-Term Loan Sheet together with these Short-Term Loan Terms constitute an offer to conclude the Short-Term Loan Agreement with the Borrower under the conditions set out in those documents.
CONCLUSION OF THE LOAN AGREEMENT. 2.1. A Customer intending to receive a Loan or Tranche:
2.1.1. on a Prepaid Card / Card, either by transferring funds to the Partner’s Account or a Service Provider on the basis of Mandatory Payment Details using the CyberPlat System or other payment systems and electronic payment systems, to pay for the Goods, shall draw up an Application or a Tranche Application and send it to the Company through the System or draw up and use a Card or a Prepaid Card (in case of conclusion of a Consumer Loan Agreement with a Loan Limit).
2.1.2. on its bank account or the bank account of the Service Provider without using the CyberPlat System, shall prepare the Application or the Tranche Application and send it to the Company together with the documents necessary for consideration of the Application or the Tranche Application by mail to the office of the Company(0 Xxxxxxxxxxx xxxxxx, Xxxx. 1B, floor a1, premises XX, office Moscow, 117105 ).
2.2. In case of conclusion of a Loan Agreement that does not provide for a Limit, the Client shall indicate the Loan Amount in the Application that the Client wishes to receive, the method of transfer, and the term of the Loan. The Loan shall be granted in Russian rubles. If there is a positive decision on conclusion of a Loan Agreement with the Customer, the Company shall send an Offer containing the Special Terms and Conditions of the Consumer Loan Agreement to the Customer.
2.3. In the event of conclusion of a Loan Agreement with a Credit Limit, the Customer either sends a Tranche Application to the Company or receives a tranche using a Card or a Prepaid Card for which the Company has provided a Limit.
2.4. By accepting the Offer, the Customer undertakes to repay the received Loan amount and the interests accrued on it for the use of the Loan in the amount and within the terms provided for by the Offer.
2.5. The Customer shall be entitled not to accept the Offer.
2.6. An Offer shall be deemed accepted by the Customer if, within five (5) business days from the day the Offer was submitted, the Customer, who wishes to receive a Loan on the Partner’s Account / Card / Prepaid Card, shall sign the Offer with an analog of his own handwritten signature by putting a special code (simple electronic signature) received in an SMS from the Company, in a special field in the Equipment / Personal Account of the Customer or accept the Offer, taking actions to fulfill the terms and conditions of the Agreement specified in the Offer, including the us...
CONCLUSION OF THE LOAN AGREEMENT. 9.1. The Loan Agreement cannot be concluded between 23:00 and 7:00.
