Member Payment Dependent Notes definition

Member Payment Dependent Notes means a note issued by the Borrower to investors, which note shall correspond to an individual Member Loan, or portion thereof, facilitated through the Borrower’s lending platform.
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Member Payment Dependent Notes means Borrower Securities not secured by Secured Member Payment Dependent Note Collateral.
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Member Payment Dependent Notes means those promissory notes issued by the Company on the Company’s online platform.
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Examples of Member Payment Dependent Notes in a sentence

  • Investors may commit funds to purchase, in various amounts, Member Payment Dependent Notes (“MPDNs”) that LendingClub may issue to Investors who commit funds for your loan request.

  • You agree not to communicate with the investors who purchase Member Payment Dependent Notes (“MPDNs”) corresponding to your loans except anonymously and publicly through posting on the Site.

  • Notwithstanding the foregoing, certain employees, officers, directors or stockholders of the Company or members of the immediate family or affiliates of the foregoing may be holders of Member Payment Dependent Notes on the Company’s lending platform or may be borrowers on the Company’s lending platform.

  • Investors may commit funds to purchase, in various amounts, Member Payment Dependent Notes ("MPDNs") that LendingClub may issue to Investors who commit funds for your loan request.

  • Lender Members may commit funds to purchase, in various amounts, Member Payment Dependent Notes (“MPDNs”) that LendingClub may issue to Lender Members who commit funds for your loan request.

  • The Company has duly authorized the execution and delivery of this Indenture to provide for the issuance from time to time of special limited obligations of the Company referred to as Member Payment Dependent Notes (herein called the “Securities”) to be issued in series as in this Indenture provided.

  • Each of the Borrower and its Subsidiaries is in compliance with all laws, rules, regulations and orders of any Governmental Authority applicable to it or its property and all indentures, agreements and other instruments binding upon it or its property and the Member Loans, Trust Certificates and Member Payment Dependent Notes and loans connected thereto, except where the failure to do so, individually or in the aggregate, would not reasonably be expected to result in a Material Adverse Effect.

  • You agree not to communicate with the Lender Members who purchase Member Payment Dependent Notes (“MPDNs”) corresponding to your loans except anonymously and publicly through posting on the Site.

  • The Company has duly authorized the execution and delivery of this Indenture to provide for the issuance from time to time of special limited obligations of the Company referred to as Borrower Member Payment Dependent Notes (herein, the “ Securities”), to be issued in series as in this Indenture provided.

  • You agree not to communicate with the investors who purchase Member Payment Dependent Notes ("MPDNs") corresponding to your loans except anonymously and publicly through posting on the Site.