Common use of Recording and Document Retention Clause in Contracts

Recording and Document Retention. 25.1 The Customer hereby authorizes the Bank to record all telephone conversations and Instructions given over the telephone. All such recordings shall remain the property of the Bank and shall be conclusive evidence of the Instructions given. The Customer further agrees that such recordings shall be binding on the Customer and the Bank shall be entitled to use such recordings and transcripts of the said telephone conversations as evidence in any dispute. 25.2 The Customer hereby acknowledges and agrees that the Bank’s records may be stored in any form or manner (including electronic forms) as the Bank deems appropriate and can be used in any court proceedings as proof of its contents. The Customer agrees that such records shall be final and conclusive of the information contained therein save and except for obvious or clerical error. Subject to any Applicable Laws, the Bank may set retention periods for such records after which the same may be destroyed.

Recording and Document Retention. 25.1 26.1 The Customer hereby authorizes the Bank to record all telephone conversations and Instructions given over the telephone. All such recordings shall remain the property of the Bank and shall be conclusive evidence of the Instructions given. The Customer further agrees that such recordings shall be binding on the Customer and the Bank shall be entitled to use such recordings and transcripts of the said telephone conversations as evidence in any dispute. 25.2 26.2 The Customer hereby acknowledges and agrees that the Bank’s records may be stored in any form or manner (including electronic forms) as the Bank deems appropriate and can be used in any court proceedings as proof of its contents. The Customer agrees that such records shall be final and conclusive of the information contained therein save and except for obvious or clerical error. Subject to any Applicable Laws, the Bank may set retention periods for such records after which the same may be destroyed.