Common use of Listings Clause in Contracts

Listings. The Platform connects applicants who wish to obtain loans with investor members who wish to commit funds to loan listings. To receive a loan, you, a borrower member, must submit a loan listing through the Platform. The listing is a request by you for a loan in the amount and at the interest rate specified in the listing. In order to submit a listing through the Platform, you must have a good faith intent to obtain and repay your loan, and your listing must be consistent with that intent. In order for your listing to become a loan, your listing must receive aggregate funding commitments from Prosper investor members that equal or exceed the minimum funding amount applicable to your listing. After you submit your listing and complete certain verification stages, Prosper will allocate your listing to one of three funding channels, based upon an allocation methodology determined by Prosper: (i) the first channel allows investor members to commit to purchase Notes from Prosper, the payments of which are dependent on the payments you make on your loan (the "Note Channel"); (ii) the second channel allows investor members to commit to purchase 100% of your loan directly from Prosper ("Active Loan Channel"); and (iii) the third channel reserves your loan for sale to an investor member who has already committed to purchase loans like yours from Prosper ("Passive Loan Channel"). Prosper may add or remove funding channels and modify the allocation process at any time in its sole discretion. If your listing receives sufficient commitments to fund, Bank will originate a loan to you in an amount equal to the total amount of those commitments. If your listing is allocated to Passive Loan Channel, it will automatically be considered to have received a commitment equal to the amount of the loan requested. If your listing is allocated to the Note Channel, investor members who purchase Notes tied to your loan may resell those Notes to other investor members on a secondary trading platform. Prosper may add or remove secondary trading platforms at any time in its sole discretion.

Listings. The Platform connects applicants who wish to obtain loans with investor members who wish to commit funds to loan listingshelp fund them. To receive a loan, you, a borrower member, must submit a loan listing through the Platform. The listing is a request by you for a loan in the amount and at the interest rate specified in the listing. In order to submit a listing through the Platform, you must have a good faith intent to obtain and repay your loan, and your listing must be consistent with that intent. In order for your listing to become a loan, your listing you must receive aggregate funding commitments from Prosper investor members that equal or exceed the minimum funding amount applicable to your listing. After you submit your listing and complete certain verification stages, Prosper will allocate your listing to one of three funding channels, based upon an allocation methodology determined by Prosper: (i) the first channel allows investor members to commit to purchase Notes from Prosper, the payments of which are dependent on the payments you make on your loan (the "Note Channel"); (ii) the second channel allows investor members to commit to purchase 100% of your loan directly from Prosper ("Active Loan Channel"); and (iii) the third channel reserves your loan for sale to an investor member who has already committed to purchase loans like yours from Prosper ("Passive Loan Channel"). Prosper may add or remove funding channels and modify the allocation process at any time in its sole discretion. If your listing receives sufficient commitments to fund, Bank will originate a loan to you in an amount equal to the total amount of those commitments. If your listing is allocated to Passive Loan Channel, it will automatically be considered to have received a commitment equal to the amount of the loan requested. If your listing is allocated to the Note Channel, investor members who purchase Notes tied to your loan may resell those Notes to other investor members on a secondary trading platform. Prosper may add or remove secondary trading platforms at any time in its sole discretion.

Listings. The Platform platform connects applicants individuals who wish to obtain loans with investor members persons who wish to commit funds to loan listingshelp fund them. To receive a loan, you, a borrower member, member must submit a loan listing through the Platformplatform. The listing is a request by you the borrower member for a loan in the amount and at the interest rate specified in the listing. In order to submit a listing through the Platformplatform, you must have a good faith intent to obtain and repay your loan, and your listing must be consistent with that intent. In order for your listing to become a loan, your listing you must receive aggregate funding commitments from Prosper investor lender members that equal or exceed the minimum funding amount applicable to your listing. After When you submit your listing and complete certain verification stageslisting, Prosper it will allocate your listing automatically be allocated to one of three lender funding channels, based upon an a random allocation methodology determined by Prosper: (i) the first channel allows investor lender members to commit to purchase Notes from Prosper, the payments of which are dependent on the payments you make on your loan (the "Note Channel"); (ii) the second channel allows investor lender members to commit to purchase 100% of your loan directly from Prosper ("Active Loan ChannelChannel A"); and (iii) the third channel reserves your loan for sale to an investor a lender member who has already committed to purchase loans like yours from Prosper ("Passive Loan ChannelChannel B"). Prosper may add or remove lender member funding channels and modify the allocation process at any time in its sole discretion. If your listing receives sufficient commitments to fund, Bank WebBank will originate a loan to you in an amount equal to the total amount of those commitments. If your listing is allocated to Passive Loan ChannelChannel B, it will automatically be considered to have received a commitment equal to the amount of the loan requested. If your listing is allocated to the Note Channel, investor lender members who purchase Notes tied to your loan may resell those Notes to other investor lender members on a our secondary trading platform (the "Note Trader platform. Prosper may add or remove secondary trading platforms at any time in its sole discretion").

Listings. The Platform connects applicants who wish to obtain loans with investor members who wish to commit funds to loan listingshelp fund them. To receive a loan, you, a borrower member, must submit a loan listing through the Platform. The listing is a request by you for a loan in the amount and at the interest rate specified in the listing. In order to submit a listing through the Platform, you must have a good faith intent to obtain and repay your loan, and your listing must be consistent with that intent. In order for your listing to become a loan, your listing you must receive aggregate funding commitments from Prosper investor members that equal or exceed the minimum funding amount applicable to your listing. After you submit your listing and complete certain verification stages, Prosper will allocate your listing to one of three funding channels, based upon an allocation methodology determined by Prosper: (i) the first channel allows investor members to commit to purchase Notes from Prosper, the payments of which are dependent on the payments you make on your loan (the "“Note Channel"”); (ii) the second channel allows investor members to commit to purchase 100% of your loan directly from Prosper ("“Active Loan Channel"”); and (iii) the third channel reserves your loan for sale to an investor member who has already committed to purchase loans like yours from Prosper ("“Passive Loan Channel"”). Prosper may add or remove funding channels and modify the allocation process at any time in its sole discretion. If your listing receives sufficient commitments to fund, Bank will originate a loan to you in an amount equal to the total amount of those commitments. If your listing is allocated to Passive Loan Channel, it will automatically be considered to have received a commitment equal to the amount of the loan requested. If your listing is allocated to the Note Channel, investor members who purchase Notes tied to your loan may resell those Notes to other investor members on a secondary trading platform. Prosper may add or remove secondary trading platforms at any time in its sole discretion.

Listings. The Platform connects applicants who wish to obtain loans with investor members who wish to commit funds to loan listingshelp fund them. To receive a loan, you, a borrower member, must submit a loan listing through the Platform. The listing is a request by you for a loan in the amount and at the interest rate specified in the listing. In order to submit a listing through the Platform, you must have a good faith intent to obtain and repay your loan, and your listing must be consistent with that intent. In order for your listing to become a loan, your listing you must receive aggregate funding commitments from Prosper investor members that equal or exceed the minimum funding amount applicable to your listing. After you submit your listing and complete certain verification stages, Prosper will automatically allocate your listing to one of three funding channels, based upon an a random allocation methodology determined by Prosper: (i) the first channel allows investor members to commit to purchase Notes from Prosper, the payments of which are dependent on the payments you make on your loan (the "“Note Channel"”); (ii) the second channel allows investor members to commit to purchase 100% of your loan directly from Prosper ("“Active Loan Channel"”); and (iii) the third channel reserves your loan for sale to an investor member who has already committed to purchase loans like yours from Prosper ("“Passive Loan Channel"”). Prosper may add or remove funding channels and modify the allocation process at any time in its sole discretion. If your listing receives sufficient commitments to fund, Bank will originate a loan to you in an amount equal to the total amount of those commitments. If your listing is allocated to Passive Loan Channel, it will automatically be considered to have received a commitment equal to the amount of the loan requested. If your listing is allocated to the Note Channel, investor members who purchase Notes tied to your loan may resell those Notes to other investor members on a our secondary trading platformplatform (the “Note Trader Platform”). Prosper may add or remove secondary trading platforms at any time in its sole discretion.

Listings. The Platform platform connects applicants individuals who wish to obtain loans with investor members persons who wish to commit funds to loan listingshelp fund them. To receive a loan, you, a borrower member, member must submit a loan listing through the Platformplatform. The listing is a request by you the borrower member for a loan in the amount and at the interest rate specified in the listing. In order to submit a listing through the Platformplatform, you must have a good faith intent to obtain and repay your loan, and your listing must be consistent with that intent. In order for your listing to become a loan, your listing you must receive aggregate funding commitments from Prosper investor lender members that equal or exceed the minimum funding amount applicable to your listing. After When you submit your listing and complete certain verification stageslisting, Prosper it will allocate your listing automatically be allocated to one of three lender funding channels, based upon an a random allocation methodology determined by Prosper: (i) the first channel allows investor lender members to commit to purchase Notes from Prosper, the payments of which are dependent on the payments you make on your loan (the "Note Channel"); (ii) the second channel allows investor lender members to commit to purchase 100% of your loan directly from Prosper ("Active Loan ChannelChannel A"); and (iii) the third channel reserves your loan for sale to an investor a lender member who has already committed to purchase loans like yours from Prosper ("Passive Loan ChannelChannel B"). Prosper may add or remove lender member funding channels and modify the allocation process at any time in its sole discretion. If your listing receives sufficient commitments to fund, Bank WebBank will originate a loan to you in an amount equal to the total amount of those commitments. If your listing is allocated to Passive Loan ChannelChannel B, it will automatically be considered to have received recieved a commitment equal to the hte amount of the loan requested. If your listing is allocated to the Note Channel, investor lender members who purchase Notes tied to your loan may resell those Notes to other investor lender members on a our secondary trading platform (the "Note Trader platform. Prosper may add or remove secondary trading platforms at any time in its sole discretion").