Common use of Purchase and Sale of Notes Clause in Contracts

Purchase and Sale of Notes. At the same time a borrower loan is purchased by Prosper, we proceed with the issuance and sale of Notes to the lenders who bid on the related listing. The purchase price of each such Note is the amount of the purchasing lender's bid. The principal amount of each Note is equal to its purchase price. All Notes are issued pursuant to an indenture (the "Indenture") between Prosper and an indenture trustee. Funds in the principal amount of each Note are transferred from the purchasing lender's Prosper funding account to Prosper, as payment of the purchase price for the Note. Prosper will use the proceeds of the sale of each series of Notes to purchase the corresponding borrower loan from WebBank.

Purchase and Sale of Notes. At the same time a borrower loan is purchased by Prosper, we proceed with the issuance and sale of Notes to the lenders who bid were the winning bidders on the related listing. The purchase price of each such Note is for any Notes you purchase from Prosper through the platform will be the principal amount of the purchasing lender's bidNotes that you commit to purchase. The principal amount of each Note is equal to its purchase price. All Notes are shall be issued pursuant to an indenture (the "“Indenture"”) between Prosper and an indenture a trustee. Funds in the principal amount of each Note are transferred from the purchasing each lender's ’s Prosper funding account to Prosper, as payment of the purchase price for the Note. Prosper will use the proceeds of the sale of each series of Notes to purchase the corresponding borrower loan from WebBank.

Purchase and Sale of Notes. At the same time a borrower loan is funded and purchased by Prosper, we proceed with the issuance and sale of Notes to the lenders who bid were the winning bidders on the related listing. The purchase price of each such Note is for any Notes you purchase from Prosper through the platform will be the principal amount of the purchasing lender's bidNotes that you commit to purchase. The principal amount of each Note is equal to its purchase price. All Notes are shall be issued pursuant to an indenture (the "“Indenture"”) between Prosper and an indenture a trustee. Funds in the principal amount of each Note are transferred from the purchasing each lender's ’s Prosper funding account to Prosper, as payment of the purchase price for the Note. Prosper will use the proceeds of the sale of each series of Notes to purchase the corresponding borrower loan from WebBankWebBank or from the originator, depending on the type of listing involved.

Purchase and Sale of Notes. At the same time a borrower loan is purchased by Prosper, we proceed with the issuance and sale of Notes to the lenders who bid were the winning bidders on the related listing. The purchase price of each such Note is for any Notes you purchase from Prosper through the platform will be the principal amount of the purchasing lender's bidNotes that you commit to purchase. The principal amount of each Note is equal to its purchase price. All Notes are shall be issued pursuant to an indenture (the "“Indenture"”) between Prosper and an indenture a trustee. Funds in the principal amount of each Note are transferred from the purchasing each lender's ’s Prosper funding account to Prosper, as payment of the purchase price for the Note. Prosper will use the proceeds of the sale of each series of Notes to purchase the corresponding borrower loan from WebBankWebBank or from the loan seller, depending on the type of listing involved.

Purchase and Sale of Notes. At the same time a borrower loan is purchased by Prosper, we proceed with the issuance and sale of Notes to the lenders who bid on the related listing. The purchase price of each such Note is the amount of the purchasing lender's ’s bid. The principal amount of each Note is equal to its purchase price. All Notes are issued pursuant to an indenture (the "Indenture") between Prosper and an indenture trustee. Funds in the principal amount of each Note are transferred from the purchasing lender's Prosper funding account to Prosper, as payment of the purchase price for the Note. Prosper will use the proceeds of the sale of each series of Notes to purchase the corresponding borrower loan from WebBank.