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 (electronically endorsed to Bank), and shall not transfer such loan documents to any Person. Bank acknowledges that Borrower will issue Borrower Securities to Lender Members.

Possession of Loan Documents. Borrower shall maintain possession of all electronic loan documents evidencing Financed Loans, including without limitation the Financed Loan Notes (electronically endorsed to BankAdministrative Agent), and shall not transfer such loan documents to any Person. Bank Administrative Agent acknowledges that Borrower will issue Borrower Securities to Lender Members.

Possession of Loan Documents. Borrower shall maintain possession of all electronic loan documents evidencing Financed Loans, including without limitation the Financed Loan Notes (electronically endorsed to Bank)Notes, and shall not transfer such loan documents to any Personthird party. Bank Administrative Agent acknowledges that authenticated customers of Borrower will issue Borrower Securities have electronic access to the loan documents evidencing Consumer Loans in which they participate as a Consumer Lender Membersor 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 Notes (electronically endorsed to BankCollection Agent), and shall not transfer such loan documents to any Person. Bank Administrative Agent acknowledges that Borrower will issue Borrower Securities to Lender Members.