Common use of Electronic Communications, Signatures and Records Clause in Contracts

Electronic Communications, Signatures and Records. Subject to any limitations contained in any applicable federal or state law or regulation, Account Beneficiary and Designated Beneficiary acknowledge and agree that the Custodial Account shall be subject to the provisions of the federal Electronic Signature in Global and National Commerce Act (ESIGN Act, as contained in 15 U.S.C. 7001), as those laws pertain to electronic communication, electronic signatures, and electronic storage of Custodial Account records. In lieu of the retention of the original records, Custodian may cause any, or all, of its records, and records at any time in its custody, to be photographed or otherwise reproduced to permanent form, and any such photograph or reproduction shall have the same force and effect as the original thereof and may be admitted in evidence equally with the original.