Common use of Recorded Conversations Clause in Contracts

Recorded Conversations. Each party authorizes the other, in its discretion, to record telephone conversations between employees or other representatives of the parties concerning any proposed or actual Advances or other transactions between the parties. Such recorded conversations shall be admissible evidence of the terms and conditions of such transactions and the parties waive any right to object to the admission of such evidence on the ground that it is not in writing. The parties shall not be obligated to inform the other party of such recording at any time.