“Claim” means claims, demands, actions, costs and expenses (including but not limited to legal costs and disbursements on a solicitor and own client basis), losses and damages.
“Completion” means the successful raising of money for a Property Company via the Crowd with Us Website or Offline.
“Contract” means a contract between the Developer and Crowd with Us and, on each occasion when a Property Company accedes to these Conditions, that Property Company, based on and incorporating all of the Conditions set out herein.
“Crowd with Us” means Crowd with Us Limited and all associated companies. Crowd with Us is a trading name for Crowd with Us Limited. Crowd with Us Limited, a private company limited by shares incorporated in England and Wales with company registration number 09243491 and registered office at 3rd Floor, 207 Regent St, London, W1B 3HH.
“Deed of Adherence” means the deed of adherence set out in the Appendix through which each Property Company accedes to these Conditions.
“Escrow Account” means, an account set up and maintained by the Payment Firm for the benefit of a Property Company, which is separate from the money of Crowd with Us and the Payment Firm.
“FCA and Related Rules” means the Financial Services and Markets Act 2000, the Companies Act 2006 and from time to time any amendments, extensions, applications or re-enactments and including any subordinate legislation made under them (including without limitation the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005).
“Fundraise” means where a Property Company issues bonds or shares via the Crowd with Us Website or Offline.
“Information” means all information provided by the Developer to Crowd with Us and their officers and members as part of the application by the Developer to raise funds for a Property Company via the Crowd with Us Website or Offline for the Offer (including without limitation any business plan, investment information memorandum (“Information Memorandum”), financial forecasts, accounts and other information about the Developer, a Property Company or their respective officers and/or shareholders).
“Investment” refer to definition of Investors.
“Investors” means any investor(s) who, via the Crowd with Us Website or Offline make an investment in a Property Company; via bonds or shares or any other form of security or financial instrument (an “Investment”). Subject to these Conditions and any other terms of the Crowd with Us Website (including any associated financial instruments), Investors may include Crowd with Us itself or its associates.
“Loss” means loss and/or damage (including costs and expenses relating to or arising out of such loss or damage) whether arising from contract, tort (including negligence) or otherwise.
“Offer” an offer to subscribe for bonds or shares or any other securities in a Property Company made via the Crowd with Us Website or Offline.
“Offline” denotes the promotion of the Offer other than via the Crowd with Us Website, in circumstances where Crowd with Us raises money for a Property Company or any other associate of the Developer through its contacts rather than through persons who register on the Website, or the Property Company, the Developer or any associated person transacts directly with investors in circumstances in which a fee is payable pursuant to clause 9.
“Payment Firm” means such appropriately authorised person as Crowd with Us may from time to time appoint to discharge the payment functions described in these Conditions, which may be Crowd with Us itself, and which, at the time of this Contract means Leetchi Corp. S.A. incorporated in Luxembourg with company number B173459, authorised as a financial institution by the CSSF under number W00000005 and operating in the UK under the business name “MangoPay”.
“Property Company” means the property investment company or companies that issue Investments in connection with each underlying Property Project, with each such company acceding to these Conditions through the Deed of Adherence and references to “a Property Company” including each such company, where more than one.
“Property Project” means the particular property project or projects in respect of which the Developer wishes to raise funds from time to time, details of which are promoted via the Crowd with Us Website, and in respect of which a Property Company is issuing Investments.