Common use of Single Authoritative Copy Clause in Contracts

Single Authoritative Copy. There will be a single Authoritative Copy of an eContract at all times. Once the Authoritative Copy is transferred to the Financing Source at the Initial Delivery, the Authoritative Copy will be stored in the Owner of Record's logical segment of the Vault unless and until the eContract is Exported in accordance with these System Rules. The Authoritative Copy will be the copy held and designated as such in the System. Access to the Authoritative Copy will be limited as defined in Section 2 of these System Rules. The Authoritative Copy will be designated as such when viewed. 4.2.1 Except for back-up copies created by the System and stored in a separate location, the Authoritative Copy will not be copied or printed without the copy or printout being watermarked or legended indicating it as a Non-Authoritative Copy. Each Participant agrees not to alter, erase, modify, or conceal such watermark or legend. The Authoritative Copy may not be altered without detection by the System. 4.2.2 Upon transfer of Control of the Authoritative Copy, the transferee will be identified in the System's records as the Owner of Record, with full Control rights and the ability to grant available permissions regarding the eContract. 4.2.3 Dealertrack will be the designated Custodian of the Authoritative Copy for the Owner of Record at all times while the Authoritative Copy is stored in the Vault. 4.2.4 The Authoritative Copy of the eContract will at all times remain the property of the Owner of Record. In no event and under no circumstances, will Dealertrack claim any ownership interest in the Authoritative Copy. 4.2.5 Dealertrack may at any time, without prior notice, restore a damaged or corrupted Authoritative Copy from System back-up. The restored copy will then be designated as the Authoritative Copy in the System in accordance with Section 4.6.

Appears in 2 contracts

Samples: System Rules for Econtracting and Vaulting Services, System Rules for Digital Contracting and Vaulting Services for Three Party Contracts

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Single Authoritative Copy. There will be a single Authoritative Copy of an eContract at all times. Once the Authoritative Copy is transferred to the Financing Source at the Initial Delivery, the Authoritative Copy will be stored in the Owner of Record's ’s logical segment of the Vault unless and until the eContract is Exported in accordance with these System Rules. The Authoritative Copy will be the copy held and designated as such in the System. Access to the Authoritative Copy will be limited as defined in Section 2 2.0 of these System Rules. The Authoritative Copy will be designated as such when viewed. 4.2.1 Except for back-up copies created by the System and stored in a separate location, the Authoritative Copy will not be copied or printed without the copy or printout being watermarked or legended indicating it as a Non-Authoritative Copy. Each Participant agrees not to alter, erase, modify, or conceal such watermark or legend. The Authoritative Copy may not be altered without detection by the System. 4.2.2 Upon transfer of Control of the Authoritative Copy, the transferee will be identified in the System's records listed as the Owner of Record, with full Control rights and the ability to grant available permissions regarding the eContract. 4.2.3 Dealertrack will be the designated Custodian of the Authoritative Copy for the Owner of Record at all times while the Authoritative Copy is stored in the Vault. 4.2.4 The Authoritative Copy of the eContract will at all times remain the property of the Owner of Record. In no event and under no circumstances, circumstances will Dealertrack claim any ownership interest in the Authoritative Copy. 4.2.5 Dealertrack may at any time, without prior notice, restore a damaged or corrupted Authoritative Copy from System back-up. The restored copy will then be designated as the Authoritative Copy in the System in accordance with Section 4.6.

Appears in 2 contracts

Samples: System Rules for Econtracting and Vaulting Services, System Rules for Digital Contracting and Vaulting Services for Three Party Contracts

Single Authoritative Copy. There will be a single Authoritative Copy of an eContract at all times. Once the Authoritative Copy is transferred to the Financing Source at the Initial Delivery, the Authoritative Copy will be stored in the Owner of Record's ’s logical segment of the Vault unless and until the eContract is Exported Exported, Destroyed or subject to TOLEC in accordance with these System Rules. The Authoritative Copy will be the copy held and designated as such in the System. Access to the Authoritative Copy will be limited as defined in Section 2 2.0 of these System Rules. The Authoritative Copy will be designated as such when viewed. 4.2.1 4.3.1 Except for back-up copies created by the System and stored in a separate location, the Authoritative Copy will not be copied or printed without the copy or printout being watermarked or legended indicating it as a Non-Authoritative Copy. Each Participant agrees not to alter, erase, modify, or conceal such watermark or legend. The Authoritative Copy may not be altered without detection by the System. 4.2.2 4.3.2 Upon transfer of Control Transfer of the Authoritative Copy, the transferee Participant will be identified in the System's records System as the Owner of Record, with full Control rights and the ability to grant available permissions regarding the eContract. 4.2.3 4.3.3 Dealertrack will be the designated Custodian of the Authoritative Copy for the Owner of Record at all times while the Authoritative Copy is stored in the Vault. 4.2.4 4.3.4 The Authoritative Copy of the eContract will at all times remain the property of the Owner of Record. In no event and under no circumstances, circumstances will Dealertrack claim any ownership interest in the Authoritative Copy. 4.2.5 4.3.5 Dealertrack may at any time, without prior notice, restore a damaged or corrupted Authoritative Copy from System back-up. The restored copy will then be designated as the Authoritative Copy in the System in accordance with Section 4.64.7.

Appears in 1 contract

Samples: System Rules for Digital Contracting and Vaulting Services for Three Party Contracts

Single Authoritative Copy. There will be a single Authoritative Copy of an eContract at all times. Once the Authoritative Copy is transferred delivered to the Financing Source at the Initial Delivery, the Authoritative Copy will be stored in the Owner of Record's ’s logical segment of the Vault unless and until the eContract is Exported Exported, Destroyed or subject to TOLEC in accordance with these System Rules. The Authoritative Copy will be the copy held and designated as such in the System. Access to the Authoritative Copy will be limited as defined in Section 2 of these System Rules. The Authoritative Copy will be designated as such when viewed. 4.2.1 4.3.1 Except for back-up copies created by the System and stored in a separate location, the Authoritative Copy will not be copied or printed without the copy or printout being watermarked or legended indicating it as a Non-Authoritative Copy. Each Participant agrees not to alter, erase, modify, or conceal such watermark or legend. The Authoritative Copy may not be altered without detection by the System. 4.2.2 4.3.2 Upon transfer of Control Transfer of the Authoritative Copy, the transferee Participant will be identified in the System's records System as the Owner of Record, with full Control rights and the ability to grant available permissions regarding the eContract. 4.2.3 4.3.3 Dealertrack will be the designated Custodian of the Authoritative Copy for the Owner of Record at all times while the Authoritative Copy is stored in the Vault. 4.2.4 4.3.4 The Authoritative Copy of the eContract will at all times remain the property of the Owner of Record. In no event and under no circumstances, circumstances will Dealertrack claim any ownership interest in the Authoritative Copy. 4.2.5 4.3.5 Dealertrack may at any time, without prior notice, restore a damaged or corrupted Authoritative Copy from System back-up. The restored copy will then be designated as the Authoritative Copy in the System in accordance with Section 4.64.7.

Appears in 1 contract

Samples: System Rules for Digital Contracting and Vaulting Services for Three Party Contracts

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Single Authoritative Copy. There will be a single Authoritative Copy of an eContract at all times. Once the Authoritative Copy is transferred to the Financing Source at the Initial Delivery, the Authoritative Copy will be stored in the Owner of Record's ’s logical segment of the Vault unless and until the eContract is Exported Exported, Destroyed or subject to TOLEC in accordance with these System Rules. The Authoritative Copy will be the copy held and designated as such in the System. Access to the Authoritative Copy will be limited as defined in Section 2 2.0 of these System Rules. The Authoritative Copy will be designated as such when viewed. 4.2.1 10.0 4.3.1 Except for back-up copies created by the System and stored in a separate location, the Authoritative Copy will not be copied or printed without the copy or printout being watermarked or legended indicating it as a Non-Authoritative Copy. Each Participant agrees not to alter, erase, modify, or conceal such watermark or legend. The Authoritative Copy may not be altered without detection by the System. 4.2.2 11.0 4.3.2 Upon transfer of Control Transfer of the Authoritative Copy, the transferee Participant will be identified in the System's records System as the Owner of Record, with full Control rights and the ability to grant available permissions regarding the eContract. 4.2.3 12.0 4.3.3 Dealertrack will be the designated Custodian of the Authoritative Copy for the Owner of Record at all times while the Authoritative Copy is stored in the Vault. 4.2.4 13.0 4.3.4 The Authoritative Copy of the eContract will at all times remain the property of the Owner of Record. In no event and under no circumstances, circumstances will Dealertrack claim any ownership interest in the Authoritative Copy. 4.2.5 14.0 4.3.5 Dealertrack may at any time, without prior notice, restore a damaged or corrupted Authoritative Copy from System back-up. The restored copy will then be designated as the Authoritative Copy in the System in accordance with Section 4.64.7.

Appears in 1 contract

Samples: System Rules for Digital Contracting and Vaulting Services for Three Party Contracts

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