Common use of Partial Funding Clause in Contracts

Partial Funding. When creating a loan listing, we may elect in our sole discretion to give you a partial funding option, which means your loan will be funded if it receives commitments totaling less than the full amount of your requested loan but equal to or exceeding 70% of that amount (subject to the loan size minimum). Each loan listing related to a borrower who was offered the partial funding option will indicate whether the borrower member has opted for partial funding as well as the minimum amount required for the loan to fund. The current percentage threshold for partial funding is 70%, but we may change that threshold from time to time. Any such change will only affect listings created after the change is made.

Appears in 5 contracts

Samples: Borrower Registration Agreement (Prosper Funding LLC), Borrower Registration Agreement (Prosper Marketplace Inc), Borrower Registration Agreement (Prosper Funding LLC)

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Partial Funding. When creating a loan listing, we Prosper may elect in our its sole discretion to give you a partial funding option, which means your loan will be funded if it receives commitments totaling less than the full amount of your requested loan but equal to or exceeding 70% of that amount (subject to the loan size minimum). Each loan listing related to a borrower who was offered the partial funding option will indicate whether the borrower member has opted for partial funding as well as the minimum amount required for the loan to fund. The current percentage threshold for partial funding is 70%, but we Prosper may change that threshold from time to time. Any such change will only affect listings created after the change is made.

Appears in 1 contract

Samples: Borrower Registration Agreement (Prosper Marketplace Inc)

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Partial Funding. When creating a loan listing, we Prosper may elect in our its sole discretion to give you a a partial funding option, which means your loan will be funded if it receives commitments totaling less than the full amount of your requested loan but equal to or exceeding 70% of that amount (subject to the loan size minimum). Each loan listing related to a borrower who was offered the partial funding option will indicate whether the borrower member has opted for partial funding as well as the minimum amount required for the loan to fund. The current percentage threshold for partial funding is 70%, but we Prosper may change that threshold from time to time. Any such change will only affect listings created after the change is made.

Appears in 1 contract

Samples: Borrower Registration Agreement (Prosper Marketplace Inc)

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