20. Defined Terms
In these T&C the following words have the following meanings:
means all laws, regulations, rules and regulatory guidance applicable to the operation of the Lending Platform and/or the Loan Agreements;
means a LenDenClub Customer who borrows money under a Loan Agreement;
means the amount that you, as a potential Borrower, would like to borrow via the Lending Platform and the period over which you want to repay the amount borrowed;
means a credit rating of the borrower done by the internal credit analysis system of LenDenClub or any other third party service provider who has similar requisites;
has the meaning given to it in T&C 6.7;
means conditions set out in T&C 2 which you have to satisfy to be registered as a LenDenClub Customer;
means any information (including text, numeric and still &moving images).
“Intellectual Property Rights”
means patents, rights to inventions, copyright and related rights, trade marks, business names and domain names, rights in get-up, goodwill and the right to sue for passing off, rights in designs, database rights, rights to use, and protect the confidentiality of, confidential information (including know-how), and all other intellectual property rights, in each case whether registered or unregistered and including all applications and rights to apply for and be granted, renewals or extensions of, and rights to claim priority from, such rights and all similar or equivalent rights or forms of protection which subsist or will subsist now or in the future in any part of the world.
means a LenDenClub Customer who lends money under a Loan Agreement and, for the purposes of enforcing a Loan Agreement, includes any person to whom a Lender has transferred his or her rights under that Loan Agreement;
means the peer-to-peer lending marketplace which LenDenClub operates at www.LenDenClub.com for the purpose of matching Market Offers and Confirmed Bids;
means the standard terms and conditions displayed by the Lending Platform and agreed by each Lender and Borrower at the time of loan approval and loan offering, as the case may be;
means the agreement, incorporating the Loan Conditions, that is agreed when a Lender offers loan amount against the loan request listed on the Lending Platform, recording a loan of to the specified Borrower from the specified Lender;
“Loan Agreement Summary”
Means the summary of all the Loan Agreements entered into by the Borrower at or about the same time (where more than one Loan Agreement is entered into);
means Information that a Customer uploads, publishes or displays on or through the Lending Platform, LenDenClub web site(s) or LenDenClub's blog or discussion boards, or transmits to or shares with other LenDenClub Customers; and "your Profile Content" means Profile Content that you have so uploaded, published or displayed.
means, in relation to each LenDenClub Customer, the part of our website which can only be accessed using that LenDenClub Customer's own Passing Codes;
means a rupee denominated current or savings account that you maintain with RBI approved bank in India from which you choose to transfer/receive offered/requested loan amount and/or receive/transfer EMI payments;
means your unique email address, password, answers to security questions, which you specify when you register with us to use the Lending Platform;
means the Information we obtain about you from you, from our enquiries and from other organisations, such as credit reference and fraud prevention agencies. Examples of Personal Information include (1) Information from application and assessment forms; (2) your requests and instructions; (3) details and analysis of how you meet your obligations under this agreement or other agreements you have with us; and (4) other Information we get from making offers to you;
means any business area which is prohibited by the Government of India.
means each instalment due and payable by the Borrower under each Loan Agreement, which shall comprise principal and interest, as well as any amount otherwise due and payable by the Borrower under the Loan Agreement;
means LenDenClub, whose details are provided in T&C 19;
"LenDenClub Customer" (and “Customer”)
means an individual who has completed the registration process in T&C 2 and chosen his or her own Passing Codes;
means all Information delivered to you by us during your use of the Lending Platform (including but not limited to the credit report monitoring, personal credit scores and loan pricing Information), including all copyright, database rights and all other intellectual property rights in such Information;
"LenDenClub Customers' Account"
means any segregated bank account we maintain with Axis Bank (or any other bank in India as and when we choose from time to time) and/or the bank account of any third party service provider who we have verified and appointed to manage payment between LenDenClub and/or among LenDenClub Customers for the sole purpose of holding funds to which LenDenClub Customers are beneficially entitled in accordance with these T&C and/or any Loan Agreement;
means the portion of our database that records the amount we you are transacting through the Lending Platform.