Automatic Investment Clause Samples
The Automatic Investment clause establishes a mechanism by which funds are automatically invested according to predetermined criteria or schedules, without requiring manual intervention for each transaction. Typically, this clause applies to recurring investments in financial products such as mutual funds, retirement accounts, or company shares, where a set amount is regularly transferred and invested on behalf of the participant. Its core practical function is to streamline the investment process, ensuring consistency and discipline in investing while reducing administrative burden and the risk of missed investment opportunities.
Automatic Investment. 7.1. The possibility to use the Automatic Investment Function in the Platform may be granted to Funders and using this function take part in Auctions and make Proposals automatically.
7.2. The Funders seeking to use the Automatic Investment Function confirm that they agree to the General Provisions of the Automatic Investment Agreement (hereinafter—Agreement of the Automatic Investment) and signs them on their account in the Platform.
7.3. By using the Automatic Investment Function, in the Platform, Funders are able to set in advance criteria (e.g. the term of a loan, amount of interest, LTV, class of risk, type of the loan, type of the assurance means, etc.) they want to apply to the Offers made to respective Applications and set the Parameters of such Offers (e.g., the invested amount in one project, the total investment amount, etc.). After publishing the Application meeting the Criteria in the Platform, the Funder takes part in the Auction pursuant to the set Parameters and makes the Offer for such Application automatically.
7.4. The Offers submitted by the Funders who use the Automatic Investment Function shall be deemed equal to the Offers submitted in accordance with Clauses 6.1 – 6.10 hereto and identical rights and obligations are valid in their regard. Upon making Offers and using this functionality, the funds automatically booked and/or automatically transferred (charged) from the Loan Provider’s Paysera account are for financing a respective Application.
7.5. To no extent, the Operator makes decisions to take part in Auctions or submit Offers on behalf of the User. The use of User‘s Automatic Investment Function is equal to taking part in Auctions, submitting Offers, and conclusion of Loan Agreements without using this function.
7.6. Offers made by using the Automatic Investment Function are irreversible and cannot be changed. Using the Automatic Investment Function, the submitted Offer is valid until the end of the Auction.
7.7. Other provisions of the use of the Automatic Investment Function are determined in the Agreement of Automatic Investment.
Automatic Investment. 4.1. The Operator may provide the Financiers with access to the Automatic Investment Functionality on the Platform. Using the Automatic Investment Functionality, the Financiers may automatically submit proposals for the Applications published on the Platform and thus enter into Loan Agreements.
4.2. The Lender's proposal submitted using the Automatic Investment Functionality shall be equivalent to the proposal submitted by itself and on its own initiative without using this functionality and is considered to be completely sufficient for expressing the will and intent to enter into a Loan Agreement.
4.3. The Operator shall not take and has not taken, to any extent, any decision on the submission of proposals for specific Applications on behalf of the Financier. The use of the Financier's Automatic Investment Functionality shall be equivalent to participation in the submission of proposals and entering into Loan Agreements without using this functionality (i.e. as if the Financier would, through its own actions, be separately submitting an individual proposal for the Application of its choice, which has been published on the Platform).
Automatic Investment. 6.1. The Financiers having entered into an Automatic Investment Functionality Agreement on the Platform (the “Automatic Investment Agreement”) shall be entitled to use the Automatic Investment Functionality offered on the Platform.
6.2. While using the Automatic Investment Functionality, the Financier shall be allowed to pre-select and determine the operating conditions of the Automatic Investment Functionality and the Project criteria, according to which the Financier seeks to automatically submit proposals for financing the Projects published on the Platform.
6.3. The Financiers' proposals submitted using the Automatic Investment Functionality shall be irrevocable and not subject to modification. The Financier's proposal to finance the Project, submitted using the Automatic Investment Functionality, shall be valid until the expiry of the Loan amount financing period. When submitting proposals for financing of the Project Applications using the Automatic Investment Functionality, the funds intended for financing of the respective Project Application shall be reserved in and/or debited from the Lender's Payment Account automatically.
6.4. The Financiers using the Automatic Investment Functionality shall acquire a pre-emptive right to invest in the Projects, as their proposals can be formed and submitted automatically immediately upon the publication of the Project Application on the Platform. While using the Automatic Investment Functionality, the Financier shall be submitting such proposals automatically in the event that a Project Application meeting the criteria and conditions determined by the Financier is published on the Platform.
6.5. The order of the proposals for the Applications, submitted using the Automatic Investment Functionality, shall be determined based on the date of confirmation of the Criteria determined by the Financiers.
6.6. The Operator shall not to any extent take any decisions to participate in the submission of proposals for the Applications on behalf of the Financier. The use of the Financier's Automatic Investment Functionality shall be equivalent to participation in the submission of proposals and conclusion of Loan Agreements without using this functionality (i.e. as if the Financier would, through its own actions, be separately submitting an individual proposal for the Application of its choice, which has been published on the Platform).
6.7. Other conditions for the use of the Automatic Investment Functionality are detailed...
Automatic Investment. You may make contributions to your ▇▇▇▇ ▇▇▇ through an automatic monthly investment from your checking or savings account with a bank or credit union. Mark the box on this ▇▇▇▇ ▇▇▇ Enrollment Form and attach a completed Automatic Investment Form.
Automatic Investment. The initial investment is reduced to $100.00 in each fund if an automatic investment plan is established. • The minimum subsequent investment is $100.00 in each fund. • All contributions invested usiing the Automatic Investment Plan will be current year contributions. • We will establish your banking instructions using the voided check attached in the space provided below ❍ Personal IRA contribution or ❍ Employer contribution I would like to automatically invest from my bank account to my IRA account on the following basis. If you do not indicate a frequency, then we will default to monthly. ❍ Monthly ❍ Quarterly ❍ Semi-Annually ❍ Annually ▇▇▇▇ ▇▇▇ ▇▇▇▇ ▇▇▇ ▇▇▇ ▇▇▇▇ ▇▇. Anytown, USA 12345 53289 Pay to the order of $ Memo Signed
Automatic Investment. We will monitor the balance of the deposit account (the “Sweep Account”) that you designate for funds to be swept into the Eurodollar Account, Fed Funds Account or Repo Account, as the case may be. At the close of business on each Banking Day, we will automatically transfer all collected funds from the Sweep Account in excess of the target balance you designate to us (the “Target Balance”) into the Federal Funds Account or Repo Account, as you have designated. However, in no event will we transfer less than $100,000 into the Eurodollar Account because that is the minimum balance (unless it is a zero balance) for the Eurodollar Account. On the following Banking Day, the principal amount in the Federal Funds Account, Eurodollar Account or Repo Account, plus any interest, will be automatically transferred by us from the Federal Funds Account, Eurodollar Account or Repo Account to the Sweep Account.
Automatic Investment. 7.1. The Operator shall make available to Investors the automatic investment function, which is considered as individual loan portfolio management under the Regulation.
7.2. Investors who enter into an agreement on the Platform for the Automatic Investment functionality (Automatic Investment Agreement) may use the Automatic Investment functionality offered on the Platform. The Automatic Investment Agreement shall provide information to the Investor on the principles of the operation of the Automatic Investment functionality, as well as on the fact that the Investor shall continue to act at its own risk when using this functionality.
7.3. The Operator undertakes to the Investor in the Automatic Investment Agreement to strictly comply with the parameters set by the Investor when carrying out automatic investment (individual loan portfolio management). The Operator's automatic investment function will not require the Investor to review the individual crowdfunding offer (Project) and make investment decisions each time, but will be done automatically, according to objective criteria predefined by the Investor.
7.4. The Automatic Investment functionality allows the Investor to pre-select and set the conditions of operation of the Automatic Investment functionality and the criteria of the Projects (including, but not limited to, the total amount of the investment; the amount of the investment in a single Project; the type of the Project (the Loan Contract); the rating of the Project to be invested in; the amount of interest rate; the maturity period; etc.), on which the Investor seeks to make an automated proposal to the Funding Provider for the financing of Projects published on the Platform.
7.5. The Investor will be able to check at any time to which Projects and according to which criteria its investment funds have been allocated by means of automatic investment and, accordingly, the Investor will be in the best position to ascertain the correctness of the allocation of the funds, i.e., whether said Projects meet the Investor's predetermined investment criteria.
7.6. The Investor shall have the possibility to change the set parameters of the automatic investment at any time, as well as to opt out of the automatic investment function altogether at any time (in which case, from the moment of opting out, the Investor's funds will no longer be automatically allocated to the newly announced projects).
7.7. The Investors' proposals submitted using the Automatic In...