Common use of WITHDRAWAL FROM THE AGREEMENT Clause in Contracts

WITHDRAWAL FROM THE AGREEMENT. 7.1. The Borrower shall have the right to withdraw from the Agreement without advance notice within 1 month from the date set out in Article 1.9, when the Borrower has not received loans in the minimum amount indicated in Article 1.8 (including when the Borrower has used the right to withdraw from the loan agreements) through the Portal. The Borrower shall have the right to extend the term set out in Article 1.9 by 2 months, and if the Borrower has not received loans in the minimum amount indicated in Article 1.8 by the end of the additional term, the Borrower shall have the right to withdraw from the Agreement according to the procedure described in the previous sentence. The Borrower shall be considered as withdrawn from the Agreement also if the amount deducted from or booked on Lender’s Sub-Account for fulfilling the Agreement is repaid to Lender’s Sub-Account or released from booking (in such case the Borrower is not required to submit a separate withdrawal application to the Lender).

WITHDRAWAL FROM THE AGREEMENT. 7.1. The Borrower shall have the right to withdraw from the Agreement without advance notice within 1 month from the date set out in Article 1.99, when the Borrower has not received loans in the minimum amount indicated in Article 1.8 (including when the Borrower has used the right to withdraw from the loan agreements) through the Portal. The Borrower shall have the right to extend the term set out in Article 1.9 by 2 months, and if the Borrower has not received loans in the minimum amount indicated in Article 1.8 by the end of the additional term, the Borrower shall have the right to withdraw from the Agreement according to the procedure described in the previous sentence. The Borrower shall be considered as withdrawn from the Agreement also if the amount deducted from or booked on Lender’s Sub-Account for fulfilling the Agreement is repaid to Lender’s Sub-Account or released from booking (in such case the Borrower is not required to submit a separate withdrawal application to the Lender).