any acceptance credit facility or dematerialised equivalent or bill-discounting, note purchase or documentary credit facilities iv. any bond, note, loan stock, debenture, commercial paper or similar instrument iii. borrowing or raising money, including any premium and any capitalised interest on that money ii. These terms are capitalised for your ease of reference and their meaning when used in these Terms and Conditions is set out below: ‘ Act of Default’ will mean, with respect to you or the Guarantor, the occurrence of any of the events set out in Clause 12 of these Terms and Conditions ‘ Account’ will mean the account in your name with us from which drawdown occurs and into which payments are made to your credit ‘ Account Limit’ will mean the figure specified in your Facility Agreement ‘ Borrower’ or ‘ you’ will mean the person party to a Facility Agreement to which these Terms and Conditions apply ‘ Borrowed Money’ means any Indebtedness for or in respect of: i. PART I SECTION I - GENERAL CONTRACTUAL PROVISIONS 2 Definitions and Interpretation 2.1 In these Terms and Conditions some words have a particular legal or important meaning that you should note. If upheld, the decline decision and reason(s) will be communicated to you verbally and in writing. All decisions to decline formal applications for credit to business borrowers are subject to assessment. If you apply for credit and are declined we operate a transparent credit appeals process which we will make available to you. From the date of that notification, all Facility Agreements will be governed by the then changed Terms and Conditions. We will notify you of any such changes by email. We may from time to time change, vary or supplement these Terms and Conditions. The use of the term ‘JLG’ or ‘we’ throughout these terms and conditions will be equally applicable to facilities issued by Just Cash Flow PLC and Just Bridging Loans PLC. In all other respects these Terms and Conditions will govern each type of Facility issued. In the event there is any conflict between the terms of any Facility Agreement and these Terms and Conditions the provisions of your Facility Agreement will prevail. For the avoidance of doubt any liabilities owed to us under any Facility Agreement at that point will continue to be outstanding until discharged in full by you. If you have previously entered into a Facility Agreement with us that relates to one of the above types of Facilities, these Terms and Conditions will apply from the Commencement Date (as that term is defined in your Facility Agreement) and, from that point, any previous terms and conditions applicable to your Facility Agreement will cease to be of effect. The above examples are not intended to be exhaustive and these Terms and Conditions may be used to apply to other types of facility that we may offer from time to time. 1.1.4 Portfolio Builder RCF 1.1.5 VAT Loan 1.1.6 VAT on Purchase Loan 1.1.7 Personal qualifying loans The types of facility that we offer and to which these Terms and Conditions will apply are: 1.1.1 Revolving Credit Facilities (‘RCF’) 1.1.2 Business Builder - This has now depreciated 1.1.3 Business Accelerator - This has now depreciated. Your Facility Agreement will detail the particular type of facility that you have been offered and any specific terms that apply to it. These Terms and Conditions apply to the facilities which we list below (the Facilities or the Facility). Once you have accepted the offer contained in your Facility Agreement you will be legally bound to comply with these Terms and Conditions. These Terms and Conditions will apply from the point in time at which you sign and return your Facility Agreement to us. It is your responsibility to ensure that anyone entering into the Facility Agreement (including the Guarantor, if there is one) reads and retains a copy of these Terms and Conditions for future reference as they contain binding arrangements between you, them and us. These Terms and Conditions apply to your Facility Agreement (as we define that term below). These Terms and Conditions and the Facilities to which they apply. If you don’t understand what any of those terms or conditions mean you should speak to your legal adviser before you accept any offer that we make to you. There are some matters in this document, however that have to be phrased in a particular way to ensure that we set out the correct legal position to you. We go to great efforts to simplify matters for you and to avoid using banking or legal jargon. Please ensure you read and understand the contents detailed below. These Terms and Conditions are important and form part of the legal agreement between you and us. ![]() Terms and conditions applicable to facilities issued by the JLG Group PLC and Group companies.
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