Common use of PAYMENTS TO INVESTOR Clause in Contracts

PAYMENTS TO INVESTOR. 1. Pursuant to the authority included herein, Viainvest shall ensure the processing of received payments, accept payments arising from/in relation to the Loan Agreement, which Viainvest has received from the Loan Originator and/or the Borrower, and transfer them to the Assignee pursuant to the procedures and in the amount determined by this Agreement and Partnership Agreement. 2. The Borrower shall make the payments to the Loan Originator and/or Viainvest pursuant to the Loan Agreement only after the Borrower has received the payment of the principal amount of the loan and/or the interest from the private individual as per the Borrower’s loan agreement concluded between the Borrower and the private individual on lending the funds for private purposes. The repayment date of the Loan Amount specified in the Basic Terms and Conditions is for informative purposes only and conforms to the term specified in the Loan Agreement. The Loan Originator and Viainvest are not responsible for the failure by the Borrower to comply with the repayment date of the Loan Amount or the payment date of interest. 3. After Viainvest has received any payments from the Loan Origination and/or the Borrower in relation to the Loan Agreement, Viainvest shall distribute it among all Investors having claims arising from the Loan Agreement against the Borrower, including the Assignee. 4. Prior to transferring the received payments to the Assignee, Viainvest shall be entitled to deduct the fee for the processing of payments according to the Price List available in the Investment Platform and other payments, such as withheld the taxes applicable according to legislation enactments. 5. Viainvest and the Loan Originator shall not be liable for delays in the Borrower's payments arising from the Loan Agreement. In the event of such delay, Viainvest and the Loan Originator shall have no duty to make payments to the Assignee from their funds, except for the cases foreseen in the Partnership Agreement. 6. The Assignee undertakes not to bring any claims against the Loan Originator, Viainvest or the Borrower concerning full or partial early repayment of Loan based on the lost profit and any other losses to this end.