Common use of Term and Repayment Clause in Contracts

Term and Repayment. The subordinated loan has a term of 24 months. This term shall begin on the day of the payment of the loan amount to the Borrower. The Lender shall be informed in writing by email sent to the email address specified on the Platform about the exact due date for the repayment of the loan (hereinafter “Due-Date”). On the Due Date the loan amount and outstanding interest payments shall be payable to the Lender’s settlement account created for the Lender upon registering on the Platform (hereinafter “Investor-Wallet”). By clicking on the respective payout button on the Platform, the Lender may transfer any incurred interest to the bank account specified by the Lender upon registering on the Platform or to another account specified by the Lender by updating the Lender’s profile on the Platform (hereinafter “Disbursement Account”). Any payment by the Borrower to the Investor-Wallet shall have a debt-discharging effect for the Borrower. A premature repayment of the loan amount including interest is possible at any time. In this case the Lender shall pay the interest that fictitiously would have occurred for the first year of the loan term. A premature repayment of the loan amount after the first year of the loan term is possible considering a pro rata payment of the interest.

Term and Repayment. The subordinated loan has a term of 24 18 months. This term shall begin on the day of the payment of the loan amount to the Borrower. The Lender shall be informed in writing by email sent to the email address specified on the Platform about the exact due date for the repayment of the loan (hereinafter “Due-Date”). On the Due Date the loan amount and outstanding interest payments shall be payable to the Lender’s settlement account created for the Lender upon registering on the Platform (hereinafter “Investor-Wallet”). By clicking on the respective payout button on the Platform, the Lender may transfer any incurred interest to the bank account specified by the Lender upon registering on the Platform or to another account specified by the Lender by updating the Lender’s profile on the Platform (hereinafter “Disbursement Account”). Any payment by the Borrower to the Investor-Wallet shall have a debt-discharging effect for the Borrower. A premature repayment of the loan amount including interest is possible at any time. In this case the Lender shall pay the interest that fictitiously would have occurred for the first year of the loan term. A premature repayment of the loan amount after the first year of the loan term is possible considering a pro rata payment of the interest.

Term and Repayment. The subordinated loan has a term of 24 months. This term shall begin on the day of the payment of the loan amount to the Borrower. The Lender shall be informed in writing by email sent to the email address specified on the Platform about as soon as the payment is made. This email shall include the exact due date for the repayment of the loan (hereinafter “Due-Date”). Due Date”).‌ On the Due Date the loan amount and outstanding interest payments shall be payable to the Lender’s settlement account created for the Lender upon registering on the Platform (hereinafter “Investor-Wallet”). By clicking on the respective the payout button on the Platform, the Lender may transfer any incurred interest to the bank account specified by the Lender upon registering on the Platform or to another account specified by the Lender by updating the Lender’s profile on the Platform (hereinafter “Disbursement Account”). Any payment by the Borrower to the Investor-Wallet shall have a debt-discharging effect for the Borrower. A premature repayment of the loan amount including interest is possible at any time. In this case the Lender shall pay the interest that fictitiously would have occurred for the first year of the loan term. A premature repayment of the loan amount after the first year of the loan term is possible considering a pro rata payment of the interest.

Term and Repayment. The subordinated loan has a term of 24 30 months. This term shall begin on the day of the payment of the loan amount to the Borrower. The Lender shall be informed in writing by email sent to the email address specified on the Platform about as soon as the payment is made. This email shall include the exact due date for the repayment of the loan (hereinafter “Due-Date”). Due Date”).‌ On the Due Date the loan amount and outstanding interest payments shall be payable to the Lender’s settlement account created for the Lender upon registering on the Platform (hereinafter “Investor-Wallet”). By clicking on the respective the payout button on the Platform, the Lender may transfer any incurred interest to the bank account specified by the Lender upon registering on the Platform or to another account specified by the Lender by updating the Lender’s profile on the Platform (hereinafter “Disbursement Account”). Any payment by the Borrower to the Investor-Wallet shall have a debt-discharging effect for the Borrower. A premature repayment of the loan amount including interest is possible at any time. In this case the Lender shall pay the interest that fictitiously would have occurred for the first year of the loan term. A premature repayment of the loan amount after the first year of the loan term is possible considering a pro rata payment of the interest.