Crowdfunding. Except as has been disclosed in writing to and approved in writing by Lender, no direct or indirect ownership (or other economic) interest of 25% or more in the aggregate in Borrower or any Borrower Principal has been marketed or sold to investors through any form of Crowdfunding.
Crowdfunding. Borrower and each Borrower Principal will not permit direct or indirect ownership (or other economic) interests of 25% or more in Borrower or any Borrower Principal that have been marketed or sold to investors through any form of Crowdfunding.
Crowdfunding. Borrower will not permit any direct or indirect ownership interests in Borrower to be marketed or sold to investors through any form of Crowdfunding which constitutes either of the following:
Crowdfunding. 19.1 Lenders may choose to invest into a specific Loan Application or Project that shall be secured by real property Mortgage and/or other security measures with the purpose of business financing (fortfeit - fine, late payment, pawning, suretyship, guarantee or any other legal measures of securing the performance of obligations), and participating in the auction only when conducting an assessment of the funder’s eligibility.
Crowdfunding. Except as has been disclosed in writing to and approved in writing by Xxxxxx, there has been no direct or indirect interest in Borrower marketed or sold to investors through any form of Crowdfunding which constitutes either of the following:
Crowdfunding. 9.7 Gifts and Gratuities
Crowdfunding. 6.55 through 6.59 are Reserved Multifamily Loan and Security Agreement Page v ARTICLE VII TRANSFERS OF THE MORTGAGED PROPERTY OR INTERESTS IN BORROWER 7.01 Permitted Transfers 7.02 Prohibited Transfers 7.03 Conditionally Permitted Transfers 7.04 Preapproved Intrafamily Transfers 7.05 Lender’s Consent to Prohibited Transfers 7.06 SPE Equity Owner Requirement Following Transfer 7.07 Additional Transfer Requirements - External Cap Agreement 7.08 Reserved 7.09 Reserved
Crowdfunding. Crowdfunding describes the practice of funding a project or venture by raising many small donations of money from a large number of people, typically via the Internet. It can be used to raise funds for a wide variety of projects initiated by faculty, staff and students at Xxxxxxx State University. Detailed information regarding CSU crowdfunding guidelines can be found at Crowdfunding Guidelines.
Crowdfunding. Startups can use crowdfunding platforms to raise money and gauge potential public support for their ideas. The motivating principle of crowdfunding is to raise large amounts of money not by seeking large investments from a small number of investors but by seeking small investments from a large number of investors. Some platforms allow investors to acquire equity, while others effectively enable investors to provide microfinance loans. There are also crowdfunding platforms which rely on other financing models. Perhaps the most well-known crowdfunding platforms are those that ask for donations without the promise of equity or repayment, instead using a rewards system to incentivize larger donations. The world of crowdfunding platforms changes rapidly, and many platforms specialize in specific industries or themes. The Internet domain registrar GoDaddy hosts a list of platforms which has been updated annually, at xxxxx://xxx.xxxxxxx.xxx/garage/top-20-crowdfunding-platforms/. Another list of platforms is hosted by the crowdfunding site Fundly, at xxxxx://xxxx.xxxxxx.xxx/crowdfunding-websites/. With respect to startups, AngelList (xxxxx://xxxxx.xx/) provides an equity-based platform, so that investors receive equity in return for their investments. CircleUp (xxxxx://xxxxxxxx.xxx/) provides both equity-based and debt-based investment opportunities. Fundable (xxxxx://xxx.xxxxxxxx.xxx/) and Crowdfunder (xxxxx://xxx.xxxxxxxxxxx.xxx/) gives startups flexibility on what kind of investments they want to work with. Kiva (xxxxx://xxx.xxxx.xxx/) provides a debt-based crowdfunding platform where investors can provide microfinance loans. Wefunder (xxxxx://xxx.xxxxxxxx.xxx/) describes itself as a “Kickstarter for investing” and uses SAFEs to make investments into startups, and most investments through Republic (xxxxx://xxxxxxxx.xx/) are also through SAFEs. Kickstarter (xxxxx://xxx.xxxxxxxxxxx.xxx/) and Indiegogo (xxxxx://xxx.xxxxxxxxx.xxx/) are popular crowdfunding platforms where startups usually incentivize investments through special rewards and benefits.
Crowdfunding. Crowdfunding is an alternative for obtaining finance where there are no financial intermediaries. A group or a person who wants to start a project, but has no starting capital asks a large audience for small contributions. Together, these small amounts of money of a large number of sources sum up to a large total (Bijlsma, et al., 2015; Xxxxxx & Xxxxxxxx, 2014). Crowdfunding is a broad concept that includes different funding possibilities. Firstly, money can be donated. This is mostly the case when a project has purely philanthropic objectives. Sponsoring is also a possibility. The investor receives a non-financial reward from the social entrepreneur. Thirdly, it is possible for a social entrepreneur to loan an amount of money from an investor and pay it back with rent. Lastly, an investor can participate in the project of the social entrepreneur. The investor profits from the value increase of the social enterprise in exchange for providing the start capital. While crowdfunding can be used to fund projects with a high risk, some crowdfunding platforms will only provide the funding if the development goals are met. This makes it less suitable for high-risk enterprises, since the entrepreneurs themselves will most likely be not able to cover the costs if the development goals are not met. Loan guarantees A loan guarantee is the promise of one party to take over the debt obligation of a borrower if the borrower defaults. Loan guarantees are sometimes issued by charity foundations to enterprises, rather than direct funds, as an efficient way to give enterprises more-certain funding (Xxxx-Xxxxxx, et al., 2012).
