Common use of Ownership Record Clause in Contracts

Ownership Record. Whenever an Authoritative Copy is created, the System will create an Ownership Record. 4.3.1 An Ownership Record entry will be created for each of the following events: (A) creating the Authoritative Copy ("Deposit"); (B) the Initial Delivery; (C) transferring Control of the Authoritative Copy ("Transfer of Control"); (C) exporting the Authoritative Copy to another Vault or in paper form ("Export (Electronic/Paper)"); (D) exporting the Authoritative Copy to a Purchaser ("Export to Purchaser"); (E) paying off the underlying eContract ("Payoff"); (F) charging off the underlying eContract ("Charge-off"); and (G) terminating the underlying eContract ("Termination") (collectively, the "Transaction Types"). The events for which an Ownership Record entry is created may be modified or supplemented by Dealertrack from time to time, in Dealertrack's reasonable discretion. 4.3.2 Each Ownership Record will contain the following fields (populated as applicable), as modified or supplemented by Dealertrack from time to time, in Dealertrack's reasonable discretion: (A) Dealertrack ID number; (B) Purchaser ID number; (C) buyer or lessee name; (D) co-buyer or co- lessee name; (E) transferor organization name; (F) transferor organization address; (G) transferee organization name; (H) transferee organization address; (I) date; (J) time; (K) Transaction Type; (L) user ID; and (M) user name. 4.3.3 The Ownership Record will be maintained by the System for the initial term of the eContract plus seven (7) years, unless Dealertrack receives written notice, prior to the expiration of such seven (7) year time frame, from the Owner of Record that the Ownership Record needs to be preserved for a longer period of time.

Ownership Record. Whenever an Authoritative Copy is created, the System will create an Ownership Record. 4.3.1 An Ownership Record entry will be created for each of the following events: (A) creating the Authoritative Copy ("“Deposit"”); (B) the Initial Delivery; (C) transferring Control of the Authoritative Copy ("“Transfer of Control"”); (C) exporting the Authoritative Copy to another Vault or in paper form ("“Export (Electronic/Paper)"”); (D) exporting the Authoritative Copy to a Purchaser ("“Export to Purchaser"”); (E) paying off the underlying eContract ("“Payoff"”); (F) charging off the underlying eContract ("Charge-“Charge- off"”); and (G) terminating the underlying eContract ("“Termination"”) (collectively, the "“Transaction Types"”). The events for which an Ownership Record entry is created may be modified or supplemented by Dealertrack from time to time, in Dealertrack's ’s reasonable discretion. 4.3.2 Each Ownership Record will contain the following fields (populated as applicable), as modified or supplemented by Dealertrack from time to time, in Dealertrack's ’s reasonable discretion: (A) Dealertrack ID number; (B) Purchaser ID number; (C) buyer or lessee name; (D) co-buyer or co- lessee name; (E) transferor organization name; (F) transferor organization address; (G) transferee organization name; (H) transferee organization address; (I) date; (J) time; (K) Transaction Type; (L) user ID; and (M) user name. 4.3.3 The Ownership Record will be maintained by the System for the initial term of the eContract plus seven (7) years, unless Dealertrack receives written notice, prior to the expiration of such seven (7) year time frame, from the Owner of Record that the Ownership Record needs to be preserved for a longer period of time.

Ownership Record. Whenever an Authoritative Copy is created, the System will create an Ownership Record. Access to the Ownership Record is limited to the Owner of Record and Dealertrack as Custodian. 4.3.1 4.4.1 An entry in the Ownership Record entry will be created for each of the following events: (A) creating application of Signatures to create the Authoritative Copy ("Deposit"“Create”), including each Borrower’s acceptance of the Terms and Conditions (Consent to do Business Electronically); (B) the Initial Delivery; (C) transferring Control Transfer of the Authoritative Copy to a new Owner of Record ("Transfer of Control"); (C) exporting the Authoritative Copy to another Vault or in paper form ("Export (Electronic/Paper)"“Transfer”); (D) exporting Exporting the Authoritative Copy in paper form (“Export”); (E) transmitting the Authoritative Copy to a Purchaser electronic vaulting platform not on the System ("Export to Purchaser"); (E) paying off the underlying eContract ("Payoff"); (F) charging off the underlying eContract ("Charge-off"“TOLEC”); and (GF) terminating Destruction of the underlying Authoritative Copy of the eContract ("Termination") (collectively, the "Transaction Types"“Destruction”). The events for which an Ownership Record entry is created may be modified or supplemented by Dealertrack from time to time, in Dealertrack's ’s reasonable discretion. 4.3.2 4.4.2 Each Ownership Record entry will contain the following fields (populated as applicable), as modified or supplemented by Dealertrack from time to time, in Dealertrack's ’s reasonable discretion: (A) Dealertrack eContract ID numbernumber and name; (B) Purchaser ID numbertransferor user name; (C) buyer or lessee Borrower name; (D) co-buyer or co- lessee Borrower name; (E) transferor organization Participant name; (F) transferor organization addressParticipant ID; (G) transferee organization user name; (H) transferee organization addressParticipant name; (I) datetransferee Participant ID; (J) timedate of action; (K) Transaction Typetime of action; and (L) user ID; and (M) user nametamper-seal digital certificate information. 4.3.3 4.4.3 The Ownership Record will be maintained by the System for the initial term of the eContract plus seven (7) years, unless Dealertrack receives written notice, prior to the expiration of such seven (7) year time frame, from the Owner of Record that the Ownership Record needs to be preserved for a longer period of time.

Ownership Record. Whenever an Authoritative Copy is created, the System will create an Ownership Record. Access to the Ownership Record is limited to the Owner of Record and Dealertrack as Custodian. 4.3.1 4.4.1 An entry in the Ownership Record entry will be created for each of the following events: (A) creating application of Signatures to create the Authoritative Copy ("Deposit"“Create”), including each Borrower’s acceptance of the Terms and Conditions (Consent to do Business Electronically); (B) the Initial Delivery; (C) transferring Control Transfer of the Authoritative Copy to a new Owner of Record ("Transfer of Control"“Transfer”); (C) exporting Exporting the Authoritative Copy to another Vault or in paper form ("Export (Electronic/Paper)"“Export”); (D) exporting transmitting the Authoritative Copy to a Purchaser electronic vaulting platform not on the System ("Export to Purchaser"); (E) paying off the underlying eContract ("Payoff"); (F) charging off the underlying eContract ("Charge-off"“TOLEC”); and (GE) terminating Destruction of the underlying Authoritative Copy of the eContract ("Termination") (collectively, the "Transaction Types"“Destruction”). The events for which an Ownership Record entry is created may be modified or supplemented by Dealertrack from time to time, in Dealertrack's ’s reasonable discretion. 4.3.2 4.4.2 Each Ownership Record entry will contain the following fields (populated as applicable), as modified or supplemented by Dealertrack from time to time, in Dealertrack's ’s reasonable discretion: (A) Dealertrack eContract ID numbernumber and name; (B) Purchaser ID numbertransferor user name; (C) buyer or lessee Borrower name; (D) co-buyer or co- lessee Borrower name; (E) transferor organization Participant name; (F) transferor organization addressParticipant ID; (G) transferee organization user name; (H) transferee organization addressParticipant name; (I) datetransferee Participant ID; (J) timedate of action; (K) Transaction Typetime of action; and (L) user ID; and (M) user nametamper-seal digital certificate information. 4.3.3 4.4.3 The Ownership Record will be maintained by the System for the initial term of the eContract plus seven (7) years, unless Dealertrack receives written notice, prior to the expiration of such seven (7) year time frame, from the Owner of Record that the Ownership Record needs to be preserved for a longer period of time.