Common use of Making Payments Clause in Contracts

Making Payments. 4.1. Any and all Lender’s, Borrower’s and Collateral Agent’s payments noted in the Agreement and to be made under the Agreement shall be made through the Lender’s and Borrower’s virtual sub-accounts (hereinafter referred to as the “Sub-Account”) created in the Portal xxx.xxxxxxxxxx.xxx operated by Crowdestor OÜ, registry code in Estonia 14386262, (hereinafter referred to as the “Portal”) under the terms and conditions and according to the procedure established in the Portal’s terms and conditions as long as relevant Parties remain the Portal’s registered users. In order to make the contractual payments (including Loan Amount, repayments of the Loan Amount, interest, penalty for delay, contractual penalty, compensation for early repayment of the loan) the Parties shall give Crowdestor OÜ an irrevocable order to debit the agreed sum from the Sub-Account of the Party obliged to make the payment in the amount and at the time set forth in the Agreement and to credit the same amount to the Sub-Account of the Party entitled to receive the payment. A payment shall be considered as completed when credited to the Sub- Account of the Party entitled to receive the payment.

Making Payments. 4.1. Any and all Lender’s, Borrower’s and Collateral Agent’s payments noted in the Agreement and to be made under the Agreement shall be made through the Lender’s and Borrower’s virtual sub-accounts (hereinafter referred to as the “Sub-AccountAccount ”) created in the Portal xxx.xxxxxxxxxx.xxx operated by Crowdestor OÜ, registry code in Estonia 14386262, (hereinafter referred to as the “Portal”) under the terms and conditions and according to the procedure established in the Portal’s terms and conditions as long as relevant Parties remain the Portal’s registered users. In order to make the contractual payments (including Loan Amount, repayments of the Loan Amount, interest, penalty for delay, contractual penalty, compensation for early repayment of the loan) the Parties shall give Crowdestor OÜ an irrevocable order to debit the agreed sum from the Sub-Account of the Party obliged to make the payment in the amount and at the time set forth in the Agreement and to credit the same amount to the Sub-Account of the Party entitled to receive the payment. A payment shall be considered as completed when credited to the Sub- Account of the Party entitled to receive the payment.