Ablrate's 'Wind-Down' Plan?

16.1.
If our Platform were to fail or we become insolvent or trading situations affect the viability of Ablrate to continue in business we would invoke our Wind Down Plan. The plan is in place to govern an orderly wind down of the business so as to have as least impact to Lenders, Borrowers and suppliers as possible. In the first instance we would seek to sell the business as a going concern. If this is not possible we would transfer our Lending Member loan servicing obligations to a third party back-up servicer with whom we would enter into a back-up servicing arrangement. This third party would have Article 36(h) permissions similar to Ablrate. If the business become insolvent we have made arrangement to appoint an Insolvency Practitioner that understand our loans and has worked with us previously on defaulted loans. We reserve the right to use a back-up servicer prior to insolvency where such action is in the best interests of all of the Lending Members and inline with our wind down planning.

If this happens:
a. you may not be able to sell any loan parts;
b. you would receive distributions of funds to your external bank or building society account on a quarterly basis;
c. the Dashboard page on the Platform and the rest of the Platform may not be available for access by you; and
d. you would receive quarterly statements of repayments and continue to receive annual statements (for tax purposes).

The backup agent would continue to collect the Lenders Agent Administration Fee. The back-up agent may charge each Lending Member an additional fee should the fees due to the platform not cover their expenses.