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Agreement for the Loan of Title Units

The Agreement for the Loan of Title Units is a document that is automatically registered as a contract in the WebMoney Transfer Arbitrage service when receiving a loan based on a trust limit in the Debt service.

Below is an example of the document.


AGREEMENT FOR THE LOAN OF TITLE UNITS

29 12 2011 https://debt.wmtransfer.com

Customer of the WebMoney Transfer System, WMID 196XXXXXXXXX, who has supplied the following personal data:

First Name - Petr Petrovich
Last Name - Petrov
Address - Russia . . .
Identification document - . . .
E-Mail - XXX.(@)list.ru
Telephon - 7905XXXXXXX

Named hereafter as “The Lender” and Customer of the WebMoney Transfer System, WMID 121XXXXXXXXX, who has supplied the following personal data:

First Name - Ivan Ivanovich
Last Name - Ivanov
Address - . . .
Identification document - . . .
E-Mail - XXX.(@)mail.com
Telephon - 7988XXXXXXX

Named hereafter as “The Debtor” has concluded the given agreement regarding the following:

1. SUBJECT OF THE AGREEMENT

1.1 The Lender lends to the Debtor title units in the amount of 1.00(ONE POINT 00 ) WMZ, while the Debtor promises to repay this amount together with the interest rate of 1.01(ONE POINT 01 ) WMZ not later than 2011/12/30. Repayment schedule is as agreed to be:

date are payment amount total amount
2011/12/30 1.01 1.01

1.2. The Agreement comes into force when the Lender transfers the loan amount to the Debtor’s purse which is guaranteed by securing Loan Repayment with promissory notes in Paymer format forwarded by a Debtor to the Service in accordance with "WebMoney Transfer procedures for Debt Service.

1.3 Parties hereby accept the Loan amount in WM to be equal to 1.01(ONE DOLLAR 01 cent) USD.

1.4. The Loan is considered to be repaid when the Debtor returns to the Lender all borrowed amount of WMZ units, mentioned in point 1.1 of the given Agreement by means of transferring them to the Lender’s account in WebMoney Transfer System using the Debt Service interface in accordance with "WebMoney Transfer Debt Service Terms of Use".

2. RIGHTS AND RESPONSIBILITIES OF PARTIES

2.1 The Lender has a right to demand loan repayment from the Debtor on conditions and by means stipulated at "WebMoney Transfer Debt Service Terms of Use".

2.2 The Debtor is obliged to return WM title units in the amount of 1.01(ONE POINT 01 ) WMZ, to the Lender not later than 2011/12/30 in accordance with repayment schedule, stipulated in point 1.1 of the given Agreement. The Debtor has a right to repay any part of the borrowed amount earlier using procedures and interfaces, provided by the Service in accordance with "WebMoney Transfer Debt Service Terms of Use".

3. LIABILITIES

3.1 If the Loan amount is not returned in agreed terms either in full, the Debtor authorizes the Service to re-function their WM Keeper software and provide “request repayment” interface to the Lender in accordance with "WebMoney Transfer Debt Service Terms of Use".

3.2 If the Loan amount is not returned either in full after 24 hours since the due date, the Lender has a right to address the Debt Service in order to return the amount by clearing promissory notes in Paymer format. The clearing will be treated as full and final loan repayment.

3.3 Parties accept documents in electronic form concluded with the help of the WebMoney Transfer System (that including acts, agreements, records and logs), signed by a digital analogue of the signature.

3.4 Parties acknowledge that all transactions performed by WMID via Debt Service are registered electronically are considered to be declarations of Parties’ intent to establish or terminate legal relations for concluding or terminating transactions. Verified and registered transaction protocols can be used for verifying transactions and activities, as well as serve as evidence in courts, when solving civil disputes, and verify their validity legal force.

3.5 Parties identify each other themselves when exchanging and accepting offers as per given Agreement. Parties acknowledge that the identity of the counteragent as per given Agreement as well their registration and banking details are known to them in case of further disputes solving in the countries of their registration.

4. VALIDITY PERIOD AND TERMINATION

4.1 The Agreement is considered to be fulfilled when all liabilities of both parties as per given Agreement are fulfilled.

5. MISCELLANEOUS

5.1 All other issues, not described in the given Agreement, the Parties should agree in accordance with the Legislation in force at the county of Lender’s residence.

PARTIES DETAILS

The Lender:
Petrov Petr Petrovich
address: . . .
e-mail:
tel.: 7905XXXXXXX
WMID: 196XXXXXXXXX
Identification document: . . .

The Debtor:
Ivanov Ivan Ivanovich
address: . . .
e-mail:
tel.: 7988XXXXXXX
WMID: 121XXXXXXXXX
Identification document: . . .

See also:
Debt service
Offer to conclude Loan Agreement
Receiving a loan based on a trust limit
Debt Service Promissory note