PLE Sales Notification Template #2

Published on May 25, 2017


Re: Loan Contract No. Old {{OLD_ILID}} ; New {{NEW_ILID}}


This is a short note to inform you that, the above Loan Contract has been novated under Clause 5.8 of the Members’ Agreement, so that the above Loan Contract with the {{SELLING_LENDER}} (selling Lender) has been replaced by a new Loan Contract with the {{BUYING_LENDER}} (buying lender), who is another Lender at Proplend on the same terms, so that none of the terms of the related Loan, the Members’ Agreement or any Security Document  is changed by the novation process, so you do not need to do anything differently.

The new Loan Contract is administered by Proplend Ltd in accordance with the Loan Conditions and the terms of the Proplend Members Agreement.

You do not need to respond to this notice or take any action, but please let us know via email if you have any questions.

The novation and any claim arising out of or in connection with it shall be governed by and construed in accordance with English law.


Kind regards

The Proplend Admin Team