Common use of Electronic Document Delivery Clause in Contracts

Electronic Document Delivery. The General Partner and the Fund(s) agree to accept delivery of subscription agreements, transfer requests, redemption requests, and other documentation from the Selling Agent on the following terms: (a) Selling Agent represents that each electronic document image transmitted by the Selling Agent is a true and accurate image of the hard copy original of that document; (b) Selling Agent understands that the General Partner and the Fund(s) will rely on the electronic document image from Selling Agent to the same extent as if the General Partner and Fund(s) had received a hard copy original of the document; (c) Selling Agent will maintain the hard copy original in its files as required by its own document retention rules and procedures, but for a minimum of 30 days after each transaction, during which time Selling Agent agrees to make the hard copy original to the General Partner and Fund(s), if requested; and (d) Selling Agent will deliver each electronic document image to the General Partner and the Fund(s) in a legible and secure form (via a secure transmission medium) acceptable to the General Partner and the Fund(s). Selling Agent understands that these electronic document images shall be the General Partner and the Funds’ originals for books and records purposes.