Common use of Making Your Loan Payments Clause in Contracts

Making Your Loan Payments. You authorize us and our successors and assigns to debit your designated account by ACH transfer for the amount of each payment due on each due date. You acknowledge and agree that the loan reflects a discount of 5 percent (5%) off the interest rate, which is contingent upon you making loan payments by ACH transfer. You may elect to make payments by personal check by contacting xxxxxxx@xxxxxxxxxxx.xxx or by regular mail at LendingClub Corporation, 000 X Xxxxx Xxxx, Sunnyvale, California 94085, Attention: Loan Processing Department. If you elect to make payments by check, the interest rate discount will be cancelled and the interest rate will be increased immediately starting with your next payment by an additional 5 percent (5%) for the remaining duration of the loan. For example, if your loan had an interest rate of 10 percent (10%), payments by check would increase your interest rate to 15 percent (15%). In such event, the term of your loan and the number of payments will remain the same, but your payment amount will increase. If you elect to make payments by check, you must send the check either (i) by regular mail to Lending Club Corporation, Dept #34268, X.X. Xxx 00000, Xxx Xxxxxxxxx, XX 00000, or (ii) by overnight mail or UPS delivery to Xxxxx Xxxxx Xxxx Xxx Xxxxxxxx, Xxxx #00000, 0000 Xxxxxx Xxx, Xxxxxx X, Xxxxxxx, XX 00000. This authorization does not affect your obligation to pay when due all amounts payable on your loan, whether or not there are sufficient funds therefore in such accounts. The foregoing authorization is in addition to, and not in limitation of, any rights of setoff we may have. With regard to payments made by automatic withdrawal, you have the right to stop payment of automatic withdrawals or revoke your prior authorization for automatic withdrawals by notifying your financial institution at least three (3) banking days before the scheduled date of transfer. You must notify us of the exercise of your right to stop a payment or revoke your authorization for automatic withdrawals at least three (3) banking days before the scheduled date of transfer. All payments are to be applied first to the payment of all fees, expenses and other amounts due (excluding principal and interest), then to accrued interest, and the balance on account of outstanding principal; provided, however, that after an Event of Default (as defined below), payments will be applied to your obligations as we determine in our sole discretion.

Making Your Loan Payments. You authorize us and our successors and assigns to debit your designated account by ACH transfer for the amount of each payment due on each due date. You acknowledge and agree that the loan reflects a discount of 5 percent (5%) off the interest rate, which is contingent upon you making loan payments by ACH transfer. You may elect to make payments by personal check by contacting xxxxxxx@xxxxxxxxxxx.xxx or by regular mail at LendingClub Corporation, 000 X Xxxxx Xxxx, Sunnyvale, California 94085, Attention: Loan Processing Department. If you elect to make payments by check, the interest rate discount will be cancelled and the interest rate will be increased immediately starting with your next payment by an additional 5 percent (5%) for the remaining duration of the loan. For example, if your loan had an interest rate of 10 percent (10%), payments by check would increase your interest rate to 15 percent (15%). In such event, the term of your loan and the number of payments will remain the same, but your payment amount will increase. If you elect to make payments by check, you must send the check either (i) by regular mail to Lending Club Corporation, Dept #34268, X.X. Xxx 00000, Xxx Xxxxxxxxx, XX 00000, or (ii) by overnight mail or UPS delivery to Xxxxx Xxxxx Xxxx Xxx Xxxxxxxx, Xxxx #00000, 0000 Xxxxxx Xxx, Xxxxxx X, Xxxxxxx, XX 00000. This authorization does not affect your obligation to pay when due all amounts payable on your loan, whether or not there are sufficient funds therefore in such accounts. The foregoing authorization is in addition to, and not in limitation of, any rights of setoff we may have. With regard to payments made by automatic withdrawal, you have the right to stop payment of automatic withdrawals or revoke your prior authorization for automatic withdrawals by notifying your financial institution at least three (3) banking days before the scheduled date of transfer. You must notify us of the exercise of your right to stop a payment or revoke your authorization for automatic withdrawals at least three (3) banking days before the scheduled date of transfer. All payments are to be applied first to the payment of all fees, expenses and other amounts due (excluding principal and interest), then to accrued interest, and the balance on account of outstanding principal; provided, however, that after an Event of Default (as defined below), payments will be applied to your obligations as we determine in our sole discretion.

Making Your Loan Payments. You authorize us and our successors and assigns to debit your designated account by ACH transfer for the amount of each payment due on each due date. You acknowledge and agree that the loan reflects a discount of 5 percent (5%) off the interest rate, which is contingent upon you making loan payments by ACH transfer. You may elect to make payments by personal check by contacting xxxxxxx@xxxxxxxxxxx.xxx or by regular mail at LendingClub Corporation, 000 X Xxxxx Xxxx00 Xxxxxxxxx Xx. Suite 300, SunnyvaleSan Francisco, California 94085CA 94105, Attention: Loan Processing Department. If you elect to make payments by check, the interest rate discount you acknowledge and agree that there will be cancelled and the interest rate will be increased immediately starting with your next payment by an additional 5 percent (5%) for the remaining duration of the loan. For examplea $7 check processing fee per payment, if your loan had an interest rate of 10 percent (10%), payments by check would increase your interest rate subject to 15 percent (15%). In such event, the term of your loan and the number of payments will remain the same, but your payment amount will increaseapplicable law. If you elect to make payments by check, you must send the check either (i) by regular mail to Lending Club Corporation, Dept #34268, X.X. Xxx 00000, Xxx Xxxxxxxxx, XX 00000, or (ii) by overnight mail or UPS delivery to Xxxxx Xxxxx Xxxx Xxx Xxxxxxxx, Xxxx #00000, 0000 Xxxxxx Xxx, Xxxxxx X, Xxxxxxx, XX 00000. This authorization does not affect your obligation to pay when due all amounts payable on your loan, whether or not there are sufficient funds therefore in such accounts. The foregoing authorization is in addition to, and not in limitation of, any rights of setoff we may have. With regard to payments made by automatic withdrawal, you have the right to stop payment of automatic withdrawals or revoke your prior authorization for automatic withdrawals by notifying your financial institution at least three (3) banking days before the scheduled date of transfer. You must notify us of the exercise of your right to stop a payment or revoke your authorization for automatic withdrawals at least three (3) banking days before the scheduled date of transfer. All payments are to be applied first to the payment of all fees, expenses and other amounts due (excluding principal and interest), then to accrued interest, and the balance on account of outstanding principal; provided, however, that after an Event of Default (as defined below), payments will be applied to your obligations as we determine in our sole discretion.

Making Your Loan Payments. You authorize us and our successors and assigns to debit your designated account by ACH transfer for the amount of each payment due on each due date. You acknowledge and agree that the loan reflects a discount of 5 percent (5%) off the interest rate, which is contingent upon you making loan payments by ACH transfer. You may elect to make payments by personal check by contacting xxxxxxx@xxxxxxxxxxx.xxx or by regular mail at LendingClub Corporation, 000 X Xxxxx Xxxx, Sunnyvale, California 94085, Attention: Loan Processing Department. If you elect to make payments by check, the interest rate discount you acknowledge and agree that there will be cancelled and the interest rate will be increased immediately starting with your next payment by an additional 5 percent (5%) for the remaining duration of the loan. For examplea $15 check processing fee per payment, if your loan had an interest rate of 10 percent (10%), payments by check would increase your interest rate subject to 15 percent (15%). In such event, the term of your loan and the number of payments will remain the same, but your payment amount will increaseapplicable law. If you elect to make payments by check, you must send the check either (i) by regular mail to Lending Club Corporation, Dept #34268, X.X. Xxx 00000, Xxx Xxxxxxxxx, XX 00000, or (ii) by overnight mail or UPS delivery to Xxxxx Xxxxx Xxxx Xxx Xxxxxxxx, Xxxx #00000, 0000 Xxxxxx Xxx, Xxxxxx X, Xxxxxxx, XX 00000. This authorization does not affect your obligation to pay when due all amounts payable on your loan, whether or not there are sufficient funds therefore in such accounts. The foregoing authorization is in addition to, and not in limitation of, any rights of setoff we may have. With regard to payments made by automatic withdrawal, you have the right to stop payment of automatic withdrawals or revoke your prior authorization for automatic withdrawals by notifying your financial institution at least three (3) banking days before the scheduled date of transfer. You must notify us of the exercise of your right to stop a payment or revoke your authorization for automatic withdrawals at least three (3) banking days before the scheduled date of transfer. All payments are to be applied first to the payment of all fees, expenses and other amounts due (excluding principal and interest), then to accrued interest, and the balance on account of outstanding principal; provided, however, that after an Event of Default (as defined below), payments will be applied to your obligations as we determine in our sole discretion.

Making Your Loan Payments. You authorize us and our successors and assigns to debit your designated account by ACH transfer for the amount of each payment due on each due date. You acknowledge and agree that the loan reflects a discount of 5 percent (5%) off the interest rateAlternatively, which is contingent upon you making loan payments by ACH transfer. You may elect to make payments by personal check by contacting xxxxxxx@xxxxxxxxxxx.xxx or by regular mail at LendingClub Corporation, 000 X Xxxxx Xxxx, Sunnyvale, California 94085, Attention: Loan Processing Departmentto the Lock Box below. If you elect to make payments by check, the interest rate discount you acknowledge and agree that there will be cancelled and the interest rate will be increased immediately starting with your next payment by an additional 5 percent (5%) for the remaining duration of the loan. For examplea $7 check processing fee per payment, if your loan had an interest rate of 10 percent (10%), payments by check would increase your interest rate subject to 15 percent (15%). In such event, the term of your loan and the number of payments will remain the same, but your payment amount will increaseapplicable law. If you elect to make payments by check, you must send the check either (i) by regular mail to Lending Club Corporation, Dept #34268, X.X. Xxx 00000, Xxx Xxxxxxxxx, XX 00000, or (ii) by overnight mail or UPS delivery to Xxxxx Xxxxx Xxxx Xxx Xxxxxxxx, Xxxx #00000, 0000 Xxxxxx Xxx, Xxxxxx X, Xxxxxxx, XX 00000. This authorization does not affect your obligation to pay when due all amounts payable on your loan, whether or not there are sufficient funds therefore in such accounts. The foregoing authorization is in addition to, and not in limitation of, any rights of setoff we may have. With regard to payments made by automatic withdrawal, you have the right to stop payment of automatic withdrawals or revoke your prior authorization for automatic withdrawals by notifying your financial institution at least three (3) banking days before the scheduled date of transfer. You must notify us of the exercise of your right to stop a payment or revoke your authorization for automatic withdrawals at least three (3) banking days before the scheduled date of transfer. All payments are to be applied first to the payment of all fees, expenses and other amounts due (excluding principal and interest), then to accrued interest, and the balance on account of outstanding principal; provided, however, that after an Event of Default (as defined below), payments will be applied to your obligations as we determine in our sole discretion.

Making Your Loan Payments. You authorize us and our successors and assigns to debit your designated account by ACH transfer for the amount of each payment due on each due date. You acknowledge and agree that the loan reflects a discount of 5 percent (5%) off the interest rate, which is contingent upon you making loan payments by ACH transfer. You may elect to make payments by personal check by contacting xxxxxxx@xxxxxxxxxxx.xxx or by regular mail at LendingClub Corporation, 000 X Xxxxx Xxxx00 Xxxxxxxxx Xx. Suite 300, SunnyvaleSan Francisco, California 94085CA 94105, Attention: Loan Processing Department. If you elect to make payments by check, the interest rate discount you acknowledge and agree that there will be cancelled and the interest rate will be increased immediately starting with your next payment by an additional 5 percent (5%) for the remaining duration of the loan. For examplea $15 check processing fee per payment, if your loan had an interest rate of 10 percent (10%), payments by check would increase your interest rate subject to 15 percent (15%). In such event, the term of your loan and the number of payments will remain the same, but your payment amount will increaseapplicable law. If you elect to make payments by check, you must send the check either (i) by regular mail to Lending Club Corporation, Dept #34268, X.X. Xxx 00000, Xxx Xxxxxxxxx, XX 00000, or (ii) by overnight mail or UPS delivery to Xxxxx Xxxxx Xxxx Xxx Xxxxxxxx, Xxxx #00000, 0000 Xxxxxx Xxx, Xxxxxx X, Xxxxxxx, XX 00000. This authorization does not affect your obligation to pay when due all amounts payable on your loan, whether or not there are sufficient funds therefore in such accounts. The foregoing authorization is in addition to, and not in limitation of, any rights of setoff we may have. With regard to payments made by automatic withdrawal, you have the right to stop payment of automatic withdrawals or revoke your prior authorization for automatic withdrawals by notifying your financial institution at least three (3) banking days before the scheduled date of transfer. You must notify us of the exercise of your right to stop a payment or revoke your authorization for automatic withdrawals at least three (3) banking days before the scheduled date of transfer. All payments are to be applied first to the payment of all fees, expenses and other amounts due (excluding principal and interest), then to accrued interest, and the balance on account of outstanding principal; provided, however, that after an Event of Default (as defined below), payments will be applied to your obligations as we determine in our sole discretion.

Making Your Loan Payments. You authorize us and our successors and assigns to debit your designated account by ACH transfer for the amount of each payment due on each due date. You acknowledge and agree that the loan reflects a discount of 5 percent (5%) off the interest rate, which is contingent upon you making loan payments by ACH transfer. You may elect to make payments by personal check by contacting xxxxxxx@xxxxxxxxxxx.xxx or by regular mail at LendingClub Corporation, 000 X Xxxxx Xxxxxxxxxx Xxx, Xxxxxxx Xxxx, Sunnyvale, California 94085Xxxxxxxxxx 00000, Attention: Loan Processing Department. If you elect to make payments by check, the interest rate discount you acknowledge and agree that there will be cancelled and the interest rate will be increased immediately starting with your next payment by an additional 5 percent (5%) for the remaining duration of the loan. For examplea $15 check processing fee per payment, if your loan had an interest rate of 10 percent (10%), payments by check would increase your interest rate subject to 15 percent (15%). In such event, the term of your loan and the number of payments will remain the same, but your payment amount will increaseapplicable law. If you elect to make payments by check, you must send the check either (i) by regular mail to Lending Club Corporation, Dept #34268, X.X. Xxx 00000, Xxx Xxxxxxxxx, XX 00000, or (ii) by overnight mail or UPS delivery to Xxxxx Xxxxx Xxxx Xxx Xxxxxxxx, Xxxx #00000, 0000 Xxxxxx Xxx, Xxxxxx X, Xxxxxxx, XX 00000. This authorization does not affect your obligation to pay when due all amounts payable on your loan, whether or not there are sufficient funds therefore in such accounts. The foregoing authorization is in addition to, and not in limitation of, any rights of setoff we may have. With regard to payments made by automatic withdrawal, you have the right to stop payment of automatic withdrawals or revoke your prior authorization for automatic withdrawals by notifying your financial institution at least three (3) banking days before the scheduled date of transfer. You must notify us of the exercise of your right to stop a payment or revoke your authorization for automatic withdrawals at least three (3) banking days before the scheduled date of transfer. All payments are to be applied first to the payment of all fees, expenses and other amounts due (excluding principal and interest), then to accrued interest, and the balance on account of outstanding principal; provided, however, that after an Event of Default (as defined below), payments will be applied to your obligations as we determine in our sole discretion.