Common use of Variation and assignment Clause in Contracts

Variation and assignment. 13.1. As further detailed in the Terms and Conditions, we may, at any time, amend the terms of this Agreement and any other Loan Agreement by giving you written notice. Such amendment will take effect on the date specified in the written notice. For the avoidance of doubt, these changes may impact the Loan Management Fees and charges or the level of service provided by us. Any amendment that adversely affects you will not apply to sums already borrowed by you. 13.2. We may amend the terms of this Agreement or any other Loan Agreement as agent for each Lender if we believe it necessary in order to respond proportionally to changes in law and regulations. 13.3. We may also amend the terms of this Agreement or any other Loan Agreement to reflect changes to our systems, administrative processes and procedures, market practice or client requirements and to reflect other legitimate cost increases (or reductions) associated with providing the Loan Management Services. 13.4. You will be given at least 30 days’ notice in respect of any changes to this Agreement or any other Loan Agreement that are not in your favour or required or desirable in order to comply with legal or regulatory requirements, unless the specific circumstances require a shorter or longer period. 13.5. As further detailed in the Terms and Conditions, any Lender may transfer, by way of novation, its rights under its Loan to you to a third party without providing notice to you. We will effect such transfer on behalf of the relevant Lender in our capacity as their agent for this purpose. 13.6. You may assign your rights to redeem the Pledged Asset under the Agreement or any other Loan Agreement to a third party. To do so, you must notify us by email to ▇▇▇▇▇▇▇@▇▇▇▇▇▇▇▇.▇▇▇ of your intention to do so and the full name, gender, current address, date of birth and contact details of the third party you wish to assign the redemption rights to. We reserve the right to refuse to accept repayments from and release the Pledged Asset to any person or entity unless, acting in our discretion, we are able to do so in compliance with our anti-money laundering obligations.

Variation and assignment. 13.112.1. As further detailed in the Terms and Conditions, we may, at any time, amend the terms of this Agreement and any other Loan Agreement by giving you written notice. Such amendment will take effect on the date specified in the written notice. For the avoidance of doubt, these changes may impact the Loan Management Fees and charges or the level of service provided by us. Any amendment that adversely affects you will not apply to sums already borrowed by you. 13.212.2. We may amend the terms of this Agreement or any other Loan Agreement as agent for each Lender if we believe it necessary in order to respond proportionally to changes in law and regulations. 13.312.3. We may also amend the terms of this Agreement or any other Loan Agreement to reflect changes to our systems, administrative processes and procedures, market practice or client requirements and to reflect other legitimate cost increases (or reductions) associated with providing the Loan Management Services. 13.412.4. You will be given at least 30 days’ notice in respect of any changes to this Agreement or any other Loan Agreement that are not in your favour or required or desirable in order to comply with legal or regulatory requirements, unless the specific circumstances require a shorter or longer period. 13.512.5. As further detailed in the Terms and Conditions, any Lender may transfer, by way of novation, its rights under its Loan to you to a third party without providing notice to you. We will effect such transfer on behalf of the relevant Lender in our capacity as their agent for this purpose. 13.612.6. You may assign your rights to redeem the Pledged Asset under the Agreement or any other Loan Agreement to a third party. To do so, you must notify us by email to ▇▇▇▇▇▇▇@▇▇▇▇▇▇▇▇.▇▇▇ of your intention to do so and the full name, gender, current address, date of birth and contact details of the third party you wish to assign the redemption rights to. We reserve the right to refuse to accept repayments from and release the Pledged Asset to any person or entity unless, acting in our discretion, we are able to do so in compliance with our anti-money laundering obligations.