Common use of Authorization to Contact Your Group Leader Clause in Contracts

Authorization to Contact Your Group Leader. You acknowledge and agree that if you obtain a Loan through the platform as a member of a group registered with Prosper, and your Loan payment becomes fifteen (15) days past due, Prosper may notify your group leader of the delinquent payment. You also acknowledge and agree that if you obtain a Loan through the platform, in the event your loan payment becomes fifteen (15) days past due Prosper may notify all of your designated Prosper friends who were winning bidders on your Loan listing of your delinquent payment. Groups on Prosper are rated according to the collective payment performance of the group’s members, so your failure to make Loan payments when due may have a negative effect on your group’s rating.

Authorization to Contact Your Group Leader. You acknowledge and agree that if you obtain a Loan loan through the platform as a member of a group registered with Prosper, and your Loan loan payment becomes fifteen (15) days past due, Prosper may notify your group leader of the delinquent payment. You also acknowledge and agree that if you obtain a Loan loan through the platform, in the event your loan payment becomes fifteen (15) days past due Prosper may notify all of your designated Prosper friends who were winning bidders on your Loan loan listing of your delinquent payment. Groups on Prosper are rated according to the collective payment performance of the group’s members, so your failure to make Loan loan payments when due may have a negative effect on your group’s rating.

Authorization to Contact Your Group Leader. You acknowledge and agree that if you obtain a Loan through the platform Prosper as a member of a group registered with Prosper, and your Loan payment becomes fifteen (15) days past due, Prosper may notify your group leader of the delinquent payment. You also acknowledge and agree that if you obtain a Loan through the platformProsper, in the event your loan payment becomes fifteen (15) days past due due, Prosper may notify all of your designated Prosper friends who were winning bidders on your Loan listing of your delinquent payment. Groups on Prosper are rated according to the collective payment performance of the group’s members, so your failure to make Loan payments when due may have a negative effect on your group’s rating. If you borrow as a member of a group, you must remain a member of that group, and you may not change groups, as long as your Loan is outstanding.

Authorization to Contact Your Group Leader. You acknowledge and agree that if you obtain a Loan through the platform Prosper marketplace as a member of a group registered with ProsperXxxxxxx, and your Loan payment becomes fifteen (15) days past due, Prosper may notify your group leader of the delinquent payment. You also acknowledge and agree that if you obtain a Loan through the platformProsper marketplace, in the event your loan payment becomes fifteen (15) days past due Prosper may notify all of your designated Prosper friends who were winning bidders on your Loan listing of your delinquent payment. Groups on Prosper are rated according to the collective payment performance of the group’s members, so your failure to make Loan payments when due may have a negative effect on your group’s rating.