Common use of Non-Reversible Clause in Contracts

Non-Reversible. The process of converting an eContract to paper will not be reversible. Only one copy of the Authoritative Copy may be printed out with the statement that it is the written original. Once the copy is successfully printed, the Authoritative Copy in the Vault will be de-certified and the System will reflect that the eContract has been converted to paper. Any later transfer of the tangible chattel paper will require a manual assignment.

Non-Reversible. The Export process of converting an eContract to paper will not be reversibleis permanent and irreversible. Only one copy of the Authoritative Copy may be printed out with the statement that it is the written original. Once the copy is successfully printed, the Authoritative Copy in the Vault will be de-certified decommissioned and the System will reflect that the eContract has been converted to paperExported. Any later transfer of the tangible chattel paper will require a manual assignmentendorsement or assignment as required by applicable law.