Common use of Document Imaging Clause in Contracts

Document Imaging. Either Party shall be entitled, in its sole discretion, to image or make copies of all or any selection of the agreements, instruments, documents, and items and records governing, arising from or relating to any of Company’s loans, including, without limitation, this Agreement and the other Transaction Documents, or either Party may destroy or archive the paper originals. The Parties (i) waive any right to insist or require that the other Party produce paper originals, (ii) agree that such images shall be accorded the same force and effect as the paper originals, (iii) agree that both Parties are entitled to use such images in lieu of destroyed or archived originals for any purpose, including as admissible evidence in any demand, presentment or other proceedings, and (iv) further agree that any executed facsimile (faxed), scanned, emailed, or other imaged copy of this Agreement or any other Transaction Document shall be deemed to be of the same force and effect as the original manually executed document.