Common use of IDENTIFICATION OF THE CONSUMER Clause in Contracts

IDENTIFICATION OF THE CONSUMER. 5.1 The Consumer who wishes to become a Recipient of the Loan and/or the Lender first must beidentified. 5.2 The identity of the Recipient of the Loan shall be confirmed in accordance with the procedure prescribed in paragraphs 5.7.2 - 5.7.3, whereas the identity of the Consumer (Lender) shall be confirmed in accordance with the procedure established in paragraph 5.7.1 hereof, by opening a Paysera account of the Consumer (Lender) or associating the Paysera account of the Consumer (Lender) with the Website. 5.3 The Consumer’s Paysera account shall be created by clicking a respective link on the Website by the Consumer. Later, the Consumer can choose to create a new consumer’s account or to confirm his/her identity via the already available Consumer’s Paysera account. 5.4 The Consumer must confirm that he/she grants the Organizer the authorization to manage the funds available in his/her Paysera account up to a certain limit for the purposes of transferring the funds to the Recipient of the Loan on behalf of the Lender and crediting monetary funds of the Recipient of the Loan to the Lender and Organizer. 5.5 Having confirmed his/her identity, the Consumer shall have the right to become a Recipient of the Loan and/or the Lender and/or to perform all other transactions on the Website. 5.6 The Recipient of the Loan must follow these steps if he/she wants to confirm the Application: 5.6.1 submit his/her personal data, email address, phone number; 5.6.2 familiarise and agree with the Agreement, General Terms and Conditions, Standard information about the Consumer credit, and Rules for processing of personal data; 5.6.3 approve data and documents provided in the registration form and pay the Registration fee; 5.6.4 the Recipient of the Loan must pay the Registration fee only from his own personal account, which exists at one of the foreign bank branches operating in the Republic of Lithuania specified on the Website or licensed electronic money institutions where the Recipient of the Loan has properly confirmed his/her identity; 5.6.5 The Recipient of the Loan must pay the Registration fee only from his/her own personal account, into which he/she wants to receive the money funds; 5.6.6 The Recipient of the Loan must pay the Registration fee via money transfer to the account stated by the Organizer. The Recipient of the Loan must pay the Registration fee by using the online bankingor electronic money institution system; 5.6.7 When paying the Registration fee, the Recipient of the Loan must indicate the unique array of symbols in the “Purpose of Payment” section of the payment document, which the Organizer shall provide on the Website or in the instructions after the Recipient of the Loan has provided his details and familiarised himself with the documents;

IDENTIFICATION OF THE CONSUMER. 5.1 4.1 The Consumer who wishes to become a Recipient of the Loan and/or the Lender first must beidentifiedbe identified. 5.2 4.2 The identity of the Recipient of the Loan shall be confirmed in accordance with the procedure prescribed in paragraphs 5.7.2 - 5.7.3paragraph 4.7.2 and/or 4.7.3, whereas the identity of the Consumer (LenderDebtor) shall be confirmed in accordance with the procedure established in paragraph 5.7.1 4.7.1 hereof, by opening a Paysera account of the Consumer (LenderDebtor) or associating the Paysera account of the Consumer (LenderDebtor) with the Website. 5.3 4.3 The Consumer’s Paysera account shall be created by clicking a respective link on the Website by the Consumer. Later, the Consumer can choose to create a new consumer’s account or to confirm his/her identity via the already available Consumer’s Paysera account. 5.4 4.4 The Consumer must confirm that he/she grants the Organizer the authorization to manage the funds available in his/her Paysera account up to a certain limit for the purposes of transferring the funds to the Recipient of the Loan on behalf of the Lender and crediting monetary funds of the Recipient of the Loan to the Lender and Organizer. 5.5 4.5 Having confirmed his/her identity, the Consumer shall have the right to become a Recipient of the Loan and/or the Lender and/or to perform all other transactions on the Website. 5.6 4.6 The Recipient of the Loan must follow these steps if he/she wants to confirm the Application: 5.6.1 4.6.1 submit his/her personal data, email address, phone number; 5.6.2 4.6.2 familiarise and agree with the Agreement, General Terms and Conditions, Standard information about the Consumer credit, and Rules for processing of personal data; 5.6.3 4.6.3 approve data and documents provided in the registration form and pay the Registration fee; 5.6.4 4.6.4 the Recipient of the Loan must pay the Registration fee only from his own personal account, which exists at one of the foreign bank branches operating in the Republic of Lithuania specified on the Website or licensed electronic money institutions where the Recipient of the Loan has properly confirmed his/her identity; 5.6.5 4.6.5 The Recipient of the Loan must pay the Registration fee only from his/her own personal account, into which he/she wants to receive the money funds; 5.6.6 4.6.6 The Recipient of the Loan must pay the Registration fee via money transfer to the account stated by the OrganizerOrganiser. The Recipient of the Loan must pay the Registration fee by using the online bankingor banking or electronic money institution system; 5.6.7 4.6.7 When paying the Registration fee, the Recipient of the Loan must indicate the unique array of symbols in the “Purpose of Payment” section of the payment document, which the Organizer shall provide on the Website or in the instructions after the Recipient of the Loan has provided his details and familiarised himself with the documents;