Common use of Possession of Loan Documents Clause in Contracts

Possession of Loan Documents. Borrower shall maintain possession of all electronic loan documents evidencing Financed Loans, including without limitation the Financed Loan Notes, and shall not transfer such loan documents to any third party. Administrative Agent acknowledges that authenticated customers of Borrower will have electronic access to the loan documents evidencing Consumer Loans in which they participate as a Consumer Lender or a borrower on Borrower’s lending platform.

Possession of Loan Documents. Borrower shall maintain possession of all electronic loan documents evidencing Financed Loans, including without limitation the Financed Loan NotesNotes (electronically endorsed to Administrative Agent), and shall not transfer such loan documents to any third partyPerson. Administrative Agent acknowledges that authenticated customers of Borrower will have electronic access issue Borrower Securities to the loan documents evidencing Consumer Loans in which they participate as a Consumer Lender or a borrower on Borrower’s lending platformMembers.

Possession of Loan Documents. Borrower shall maintain possession of all electronic loan documents evidencing Financed Loans, including without limitation the Financed Loan NotesNotes (electronically endorsed to Bank), and shall not transfer such loan documents to any third partyPerson. Administrative Agent Bank acknowledges that authenticated customers of Borrower will have electronic access issue Borrower Securities to the loan documents evidencing Consumer Loans in which they participate as a Consumer Lender or a borrower on Borrower’s lending platformMembers.

Possession of Loan Documents. Borrower shall maintain possession of all electronic loan documents evidencing Financed Loans, including without limitation the Financed Loan NotesNotes (electronically endorsed to Collection Agent), and shall not transfer such loan documents to any third partyPerson. Administrative Agent acknowledges that authenticated customers of Borrower will have electronic access issue Borrower Securities to the loan documents evidencing Consumer Loans in which they participate as a Consumer Lender or a borrower on Borrower’s lending platformMembers.