Examples of P2P Lender in a sentence
Within this cooling off period you may cancel your registration as a P2P Lender.
In the event that a Borrower defaults under a P2P Loan and we are unable to recover the full amounts due from the Borrower in respect of interest and capital, the First Loss Lender will repay to Octopus Co-Lend Limited all interest it has received prior to enforcement and this will be added to the P2P Lender Proceeds.
If you would like to cancel your registration as a P2P Lender within this period then please email xxxxxxx@xxxxxxxxxxxxx.xxx.
Requests from more than one P2P Lender to sell interests in P2P Portfolios containing P2P Loans relating to the same Borrower will be processed in the order we receive the requests.
Once the underlying loans are in place we may then arrange for each one to be transferred to a P2P Lender.
In the event that the we are unable to recover the full amounts due from the Borrower, the proceeds of recovery, net of any necessary third party costs associated with such recovery (as further detailed in clause 21) will be separated between the Liquidity Provider (the Liquidity Provider Proceeds), the P2P Lenders and the First Loss Lender (the P2P Lender Proceeds).
Any interest repayable by the First Loss Lender will form part of the P2P Lender Proceeds and not the Liquidity Provider Proceeds.
Your agreement with us pursuant to these Terms and Conditions shall come into effect on the date you register as an Octopus P2P Lender (by submitting a Lender Application and opening an Online Account) and will continue until you notify us via the Online Account or in writing, or we notify you in writing in accordance with clause 25.1, that your Online Account is to be closed.
You will be required to provide personal details and a password to register as a P2P Lender.