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With respect to Contracts that are \u201celectronic chattel paper\u201d, each authoritative copy (a) is unique, identifiable and unalterable (other than with the participation of the Custodian in the case of an addition or amendment of an identified assignee and other than a revision that is readily identifiable as an authorized or unauthorized revision) and (b) has been communicated to and is maintained by or on behalf of the Custodian, solely for the benefit of the Indenture Trustee.", "size": 217, "hash": "0e766d73ed24882a85ece75e38f569fb", "id": 4}, {"snippet_links": [{"key": "with-respect-to", "type": "clause", "offset": [0, 15]}, {"key": "lease-agreement", "type": "definition", "offset": [27, 42]}, {"key": "electronic-chattel-paper", "type": "definition", "offset": [61, 85]}, {"key": "authoritative-copy", "type": "definition", "offset": [144, 162]}, {"key": "meaning-of", "type": "definition", "offset": [175, 185]}, {"key": "by-the-servicer", "type": "clause", "offset": [252, 267]}, {"key": "to-transfer", "type": "clause", "offset": [302, 313]}, {"key": "agreement-to", "type": "definition", "offset": [394, 406]}, {"key": "a-separate", "type": "definition", "offset": [407, 417]}, {"key": "electronic-vault", "type": "definition", "offset": [418, 434]}, {"key": "the-applicable", "type": "clause", "offset": [497, 511]}, {"key": "successor-servicer", "type": "definition", "offset": [512, 530]}, {"key": "an-electronic", "type": "clause", "offset": [537, 550]}, {"key": "to-export", "type": "definition", "offset": [602, 611]}, {"key": "the-electronic", "type": "clause", "offset": [669, 683]}, {"key": "lease-documents", "type": "clause", "offset": [784, 799]}], "samples": [{"hash": "1lQTX5mnTye", "uri": "/contracts/1lQTX5mnTye#one-original", "label": "Asset Representations Review Agreement (GM Financial Automobile Leasing Trust 2017-3)", "score": 28.7344284058, "published": true}, {"hash": "6TLtSFLyiga", "uri": "/contracts/6TLtSFLyiga#one-original", "label": "Asset Representations Review Agreement (GM Financial Automobile Leasing Trust 2017-3)", "score": 28.7152633667, "published": true}, {"hash": "5GvTYR7Xf56", "uri": "/contracts/5GvTYR7Xf56#one-original", "label": "Asset Representations Review Agreement (GM Financial Automobile Leasing Trust 2017-3)", "score": 28.7043113708, "published": true}], "snippet": "With respect to any 2017-3 Lease Agreement that constitutes \u201celectronic chattel paper\u201d under the UCC, (a) a single electronically authenticated authoritative copy (within the meaning of the UCC) of the 2017-3 Lease Agreement is continuously maintained by the Servicer, and (b) the Servicer is able (1) to transfer the electronically authenticated authoritative copy of the related 2017-3 Lease Agreement to a separate electronic vault at the related econtracting facilitator that is controlled by the applicable Successor Servicer or to an electronic vault at the applicable successor Servicer, or (2) to export the electronically authenticated authoritative copy from the electronic vault and deliver a physical copy of the exported 2017-3 Lease Agreement to the successor Servicer. Lease Documents E-Vault", "size": 89, "hash": "54df4a3eb0f75eb700c2ded34f496909", "id": 6}, {"snippet_links": [{"key": "executed-copy", "type": "clause", "offset": [27, 40]}, {"key": "in-existence", "type": "definition", "offset": [60, 72]}, {"key": "the-servicer", "type": "clause", "offset": [74, 86]}, {"key": "possession-of", "type": "clause", "offset": [106, 119]}, {"key": "any-person", "type": "definition", "offset": [296, 306]}, {"key": "a-party", "type": "clause", "offset": [321, 328]}, {"key": "the-transaction-documents", "type": "clause", "offset": [332, 357]}], "samples": [{"hash": "dWzF27DmQxG", "uri": "/contracts/dWzF27DmQxG#one-original", "label": "Sale and Servicing Agreement (Volkswagen Auto Lease/Loan Underwritten Funding, LLC)", "score": 27.6036968231, "published": true}, {"hash": "k5d7Wqr7bcq", "uri": "/contracts/k5d7Wqr7bcq#one-original", "label": "Sale and Servicing Agreement (Volkswagen Auto Lease/Loan Underwritten Funding, LLC)", "score": 27.496919632, "published": true}, {"hash": "2Y7wyLPmdM1", "uri": "/contracts/2Y7wyLPmdM1#one-original", "label": "Sale and Servicing Agreement (Volkswagen Auto Loan Enhanced Trust 2014-2)", "score": 25.8049278259, "published": true}], "snippet": "There is only one original executed copy of each Receivable in existence. The Servicer (or its agent) has possession of such original. If such original has been marked, then such original does not have any marks or notations indicating that it has been pledged, assigned or otherwise conveyed to any Person other than to a party to the Transaction Documents.", "size": 69, "hash": "cf88327b95de9f7c2eb540275888cc82", "id": 7}, {"snippet_links": [{"key": "in-the-case", "type": "clause", "offset": [4, 15]}, {"key": "tangible-chattel-paper", "type": "definition", "offset": [49, 71]}, {"key": "section-9", "type": "definition", "offset": [88, 97]}, {"key": "executed-copy", "type": "clause", "offset": [149, 162]}, {"key": "electronic-chattel-paper", "type": "definition", "offset": [241, 265]}, {"key": "the-servicer", "type": "clause", "offset": [316, 328]}, {"key": "meaning-of", "type": "definition", "offset": [369, 379]}, {"key": "retail-note", "type": "definition", "offset": [430, 441]}], "samples": [{"hash": "bramA26DSy4", "uri": "/contracts/bramA26DSy4#one-original", "label": "Asset Representations Review Agreement (Deere John Capital Corp)", "score": 33.7967147827, "published": true}, {"hash": "3QLrb81l57P", "uri": "/contracts/3QLrb81l57P#one-original", "label": "Asset Representations Review Agreement (John Deere Receivables LLC)", "score": 33.7830238342, "published": true}, {"hash": "1H5UHRMIK3t", "uri": "/contracts/1H5UHRMIK3t#one-original", "label": "Asset Representations Review Agreement (John Deere Receivables LLC)", "score": 33.3696098328, "published": true}], "snippet": "(i) In the case of each Receivable constituting \u201ctangible chattel paper\u201d (as defined in Section 9-102(a)(78) of the UCC), there is only one original executed copy of each such Receivable and (ii) in the case of each Receivable constituting \u201celectronic chattel paper\u201d (as defined in Section 9-102(a)(31) of the UCC), the Servicer, as custodian, has \u201ccontrol\u201d within the meaning of Section 9-105 of the UCC of each such Receivable. Retail note contract", "size": 65, "hash": "7506ae0ba8d68e9057677c3e3e59e5b7", "id": 8}, {"snippet_links": [{"key": "executed-copy", "type": "clause", "offset": [27, 40]}, {"key": "authoritative-copy", "type": "definition", "offset": [46, 64]}, {"key": "relevant-ucc", "type": "definition", "offset": [85, 97]}], "samples": [{"hash": "gqtJV5gK940", "uri": "/contracts/gqtJV5gK940#one-original", "label": "Receivables Purchase Agreement (CarMax Select Receivables Trust 2026-A)", "score": 35.1505813599, "published": true}, {"hash": "b5u2rUV4bAC", "uri": "/contracts/b5u2rUV4bAC#one-original", "label": "Receivables Purchase Agreement (CarMax Select Receivables Trust 2026-A)", "score": 35.1368942261, "published": true}, {"hash": "3o5kjBUpMwV", "uri": "/contracts/3o5kjBUpMwV#one-original", "label": "Receivables Purchase Agreement (CarMax Auto Owner Trust 2026-1)", "score": 35.0739212036, "published": true}], "snippet": "There is only one original executed copy, or \u201cauthoritative copy\u201d (as defined in the Relevant UCC), of each Receivable.", "size": 56, "hash": "fc15da2ea74ef371afa39834a0f4a8a3", "id": 9}, {"snippet_links": [{"key": "original-executed-contract", "type": "clause", "offset": [39, 65]}, {"key": "the-issuer", "type": "clause", "offset": [104, 114]}, {"key": "or-before-the-closing-date", "type": "clause", "offset": [134, 160]}, {"key": "the-applicable", "type": "clause", "offset": [165, 179]}, {"key": "subsequent-transfer-date", "type": "definition", "offset": [180, 204]}, {"key": "in-the-case", "type": "clause", "offset": [205, 216]}, {"key": "subsequent-contracts", "type": "definition", "offset": [220, 240]}], "samples": [{"hash": "eTxc8KCc4Ba", "uri": "/contracts/eTxc8KCc4Ba#one-original", "label": "Sale and Servicing Agreement (Harley-Davidson Motorcycle Trust 2006-3)", "score": 21.0, "published": true}, {"hash": "cXZW4b8GXL6", "uri": "/contracts/cXZW4b8GXL6#one-original", "label": "Sale and Servicing Agreement (Harley Davidson Customer Funding Corp)", "score": 21.0, "published": true}, {"hash": "bu5EUGSOEqY", "uri": "/contracts/bu5EUGSOEqY#one-original", "label": "Sale and Servicing Agreement (Harley Davidson Customer Funding Corp)", "score": 21.0, "published": true}], "snippet": "Each Contract is evidenced by only one original executed Contract, which original has been delivered to the Issuer or its designee on or before the Closing Date (or the applicable Subsequent Transfer Date in the case of Subsequent Contracts).", "size": 48, "hash": "9d30a18cc7fe2fc235529f0949db22b5", "id": 10}], "next_curs": "ClUST2oVc35sYXdpbnNpZGVyY29udHJhY3RzcjELEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2IhVvbmUtb3JpZ2luYWwjMDAwMDAwMGEMogECZW4YACAA", "clause": {"title": "One Original", "size": 3476, "parents": [["representations-and-warranties", "Representations and Warranties"], ["miscellaneous-provisions", "Miscellaneous Provisions"], ["miscellaneous", "Miscellaneous"], ["representations-and-warranties-as-to-the-receivables", "Representations and Warranties as to the Receivables"], ["representations-and-warranties-of-the-seller", "Representations and Warranties of the Seller"]], "children": [["", ""], ["governing-law", "GOVERNING LAW"], ["sale-of-asset-backed-securities", "SALE OF ASSET BACKED SECURITIES"], ["principal-balance", "PRINCIPAL BALANCE"], ["a-borrower-good-standing-certificate", "A Borrower Good Standing Certificate"]], "id": "one-original", "related": [["section-8-original", "Section 8\u2014Original", "Section 8\u2014Original"], ["section-13-original", "Section 13\u2014Original", "Section 13\u2014Original"], ["multiple-originals", "Multiple Originals", "Multiple Originals"], ["counterparts-originals", "Counterparts; Originals", "Counterparts; Originals"], ["counterparts-and-multiple-originals", "Counterparts and Multiple Originals", "Counterparts and Multiple Originals"]], "related_snippets": [], "updated": "2026-04-02T05:40:27+00:00", "also_ask": ["What are the strategic advantages or disadvantages of insisting on a 'One Original' clause versus allowing counterparts?", "What essential language must be included to ensure the 'One Original' clause is enforceable and unambiguous?", "What are the main risks if the parties lose or damage the single original document?", "How does a 'One Original' clause compare to modern electronic signature and counterpart provisions?", "How have courts treated disputes where only one original exists and it is lost or contested?"], "drafting_tip": "Specify what constitutes the 'original' to prevent disputes; require delivery of the original to ensure possession; clarify consequences of failing to provide the original to maintain enforceability.", "explanation": "The \"One Original\" clause establishes that only a single, original version of a contract or document is considered the authoritative and legally binding copy. In practice, this means that although multiple copies may be made for reference or record-keeping, only the designated original document holds legal weight and can be used to enforce the agreement. This clause helps prevent disputes over which version of a document is valid, ensuring clarity and reducing the risk of conflicting claims about the terms of the agreement."}, "json": true, "cursor": ""}}