Making Commitments through the Groundfloor Yield Notes Account Clause Samples

Making Commitments through the Groundfloor Yield Notes Account. (a) You fund commitments through your Groundfloor Yield Notes Account or by direct ACH transfer from your bank account to your Groundfloor account. You fund your Groundfloor Yield Notes Account by linking your bank account and transferring money to your Groundfloor Yield Notes Account via ACH transfer. For example, when you register for an account and then elect to purchase a Note, you will first be prompted to link your bank account and transfer funds to your Groundfloor Yield Notes Account in order to complete the purchase. Groundfloor may allow you, to the extent permitted by applicable law, to fund your Groundfloor Yield Notes Account through other means, such as PayPal, BitPay, Google Wallet, or other online payment systems. If a funds transfer is required before completion of a commitment, the commitment will be completed as one action if there are sufficient funds in the bank account. We are not responsible for any fees you may be charged by your banking institution as a result of any transaction involving your Groundfloor Yield Notes Account, including in which there are insufficient funds available to complete the transaction. (b) Once you confirm the purchase order for a particular series of Notes, the funds allocated for such investment are set aside in your Groundfloor Yield Notes Account and are irrevocable when authorized and may not be withdrawn. If you have insufficient funds in your funding account when making a commitment, you will be prompted to fund your Groundfloor Yield Notes Account with the difference via ACH transfer. Irrevocably committed funds may not be withdrawn from your Groundfloor Yield Notes Account or committed to other investment offerings of Groundfloor Yield or its affiliates, unless we abandon or withdraw the offering of the series of Notes (or terminate or suspend our offering generally), each as described above.