Objective Statement Clause Samples

Objective Statement. The Bank’s goal is to establish a Loan program that will be marketed by ▇▇▇▇▇▇▇. Marketing and delivery of this product will be made available through ▇▇▇▇▇▇▇, who brings industry knowledge that will facilitate the sourcing of deals as well as the analysis of creditworthiness of potential borrowers. · Prosper will review, on behalf of the Bank, all Applications and other Program Materials submitted by Applicants and will determine the disposition of each Application for the administration of the Loan Program in accordance with this Policy. · Adequate underwriting for the Loan Program must result in a determination that the Applicant has the willingness and ability to repay the Loan obligation and that the Bank fully expects to recover its principal and pre-computed interest in a timely manner. · The Loan is documented by promissory notes requiring monthly payments of principal and interest by ▇▇▇▇▇▇▇▇. The monthly payment of principal and interest will be remitted via an automated transaction from the bank account designated by and belonging to each Borrower (a debit ACH transaction). A borrower may alternatively elect to make monthly payments via a bank draft generated by ▇▇▇▇▇▇▇.