Common use of Investment Commitments Clause in Contracts

Investment Commitments. Any investment commitment you place on a loan request (“Series Note Listing”) is a commitment by you to purchase a Note from Issuer in the principal amount of the commitment you placed on the loan listing. If the amount available for purchase on a loan listing is less than the amount of your commitment, your commitment will be deemed to be in the amount still available for purchase. The purchase price for any Notes you purchase through the Site will equal 100% of the principal amount of such Notes. At the time you commit to purchase a Note, you must have sufficient funds in your account with Issuer or your bank account to complete the purchase. Once you place an investment commitment on a loan listing, it is irrevocable by you regardless of whether the full amount of the loan listing is funded. If you do not qualify to invest in the Notes or Issuer determines for any reason to reject your commitment, Issuer reserves the right to reject your commitment by giving notice. The Platform does not warrant or guaranty that you will be able to place a commitment on any Series Note Listing before it receives commitments totaling the requested loan amount. Our manager or parent company may allocate some of its Loan opportunities to other funding channels.