MINT Introducer Agreement
“Applicant” means an applicant for a loan who has been introduced by the Introducer to Mint Bridging;
“Application” means the Application for a loan by the Introducer to Mint Bridging, and all documentation gathered by the Introducer in support of the Application;
“Borrower” means an Applicant introduced by the Introducer to Mint Bridging for whom an Application has been accepted and for whom a Loan has been made on the basis of that Application;
“Commencement Date” means the date of this Agreement;
“Confidential Information” means all information in whatever form disclosed by one party to the other or that is obtained by either party under or in connection with this Agreement and is marked as confidential, by its nature is confidential or relates to the business or affairs of the parties to this Agreement;
“GDPR” means the General Data Protection Regulation, the Data Protection Act 2018 and any other associated UK legislation, the requirements of the EU Data Protection Directive 95/46/EC and any statutory modifications thereto;
“Fraud” means an act of deception having a material effect on a Loan;
“Further Advance” means a further Loan made to an existing Mint Bridging Borrower but excludes drawdown of already agreed funds where the Loan advance is made in stages;
“Legislation” means any law, statute, instrument, regulation or other similar instrument having the force of law and any industry code of conduct, guidance or rules and any regulator governing transactions made under this Agreement. References to specific Acts means that Act plus any amendments or replacement legislation subsequently introduced;
“Loan” means the net monetary value advanced to the Applicant by Mint Bridging, excluding any fees or charges, the value of which is advanced to the Applicant;
“Mint Bridging”means any company which may operate as part of Mint Bridging Group, including Mint Bridging Limited, MHS Finance Limited, MB (Syndicates) Limited and MB (Security Agent) Limited and any of their affiliates from time to time;
“Personal Data” has the meaning given to that term in the GDPR;
“Procedure” means all procedures, guidelines, regulatory requirements or other provisions with which Mint Bridging may require the Introducer to comply;
“Procuration Fee”means the commission or fee paid for obtaining Loans of money;
“Product” means the Loan products and plans made available by Mint Bridging from time to time
“Referral” means an application for a Borrower’s finance requirement introduced to Mint Bridging by the Introducer;
“Term”means the term of this Agreement;
“Volume” means the aggregate of Loans made to Applicants introduced to Mint Bridging by the Introducer over a period of time.
Headings are for ease of reference only and are not to be taken into account in its interpretation. Words denoting the singular include the plural and vice versa and words denoting any gender include all genders.
Under this Agreement, Mint Bridging may, but is not obliged to, offer Loans secured on land and or property to Applicants, and the Introducer may, but is not obliged to, introduce to Mint Bridging Applicants for the provision of such Loans.
The Introducer hereby warrants that under the terms of this Agreement it will:
Mint Bridginghereby warrants that under the terms of this Agreement it will:
In submitting Applications to Mint Bridging, the Introducer:
11.1.The Introducer shall, and shall procure that its officers, employees, agents and representatives shall:
Nothing in this Agreement and no action taken by the Introducer or Mint Bridging will constitute or be deemed to constitute a partnership, association, joint venture or any co-operative entity between the parties. Nothing in this Agreement will constitute or be deemed to constitute a relationship of employer and employee or principal and agent between the parties. Neither of the parties is entitled to bind or pledge the credit of the other, incur any liability on behalf of the other, sign any document, enter into any agreement or make any promise on behalf of the other or in any way indicate that it is entitled to do so without the prior written consent of the other party.
14.1 Each party warrants with the other that they will not use any social media platform, nor any other form of media, to make any negative or derogatory comment or statement about the other party, such that the reputation of the other party will be or may be diminished by such comment, regardless of whether such comment is a statement of fact or opinion.
IN WITNESS whereof this AGREEMENT has been entered into on the date written above.
January 26, 2020
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Document Name: MINT Introducer Agreement
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