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Common use of Imaging Clause in Contracts

Imaging. The Borrower understands and agrees that the Agent's or a Bank's document retention policy may involve the imaging of executed loan documents and the destruction of the paper originals, and the Borrower waives any right that it may have to claim that the imaged copies of this Agreement and the Collateral Documents are not originals in any court proceedings pertaining thereto.

Appears in 2 contracts

Samples: Loan Agreement (GMX Resources Inc), Loan Agreement (GMX Resources Inc)

Imaging. The Borrower understands and agrees that the Agent's ’s or a Bank's Lender’s document retention policy may involve the imaging of executed loan documents and the destruction of the paper originals, and the Borrower waives any right that it may have to claim that the imaged copies of this Agreement and the Collateral Documents are not originals in any court proceedings pertaining thereto.

Appears in 2 contracts

Samples: Loan Agreement (GMX Resources Inc), Loan Agreement (GMX Resources Inc)

Imaging. The Borrower understands and agrees that the Agent's ’s or a Bank's ’s document retention policy may involve the imaging of executed loan documents and the destruction of the paper originals, and the Borrower waives any right that it may have to claim that the imaged copies of this Agreement and the Collateral Documents are not originals in any court proceedings pertaining thereto.

Appears in 1 contract

Samples: Loan Agreement (GMX Resources Inc)