Transferable Record. The agreement and note, as amended, is a “transferable record” as defined in applicable law relating to electronic transactions. Therefore, the holder of the agreement and note, as amended, may, on behalf of Borrower, create a microfilm or optical disk or other electronic image of the agreement and note, as amended, that is an authoritative copy as defined in such law. The holder of the agreement and note, as amended, may store the authoritative copy of such agreement and note, as amended, in its electronic form and then destroy the paper original as part of the holder’s normal business practices. The holder, on its own behalf, may control and transfer such authoritative copy as permitted by such law.
Appears in 7 contracts
Samples: Loan Agreement and Note (Outdoor Channel Holdings Inc), Loan Agreement and Note (Outdoor Channel Holdings Inc), Loan Agreement and Note (Itex Corp)
Transferable Record. The agreement and note, as amended, is a “"transferable record” " as defined in applicable law relating to electronic transactions. Therefore, the holder of the agreement and note, as amended, may, on behalf of Borrower, create a microfilm or optical disk or other electronic image of the agreement and note, as amended, that is an authoritative copy as defined in such law. The holder of the agreement and note, as amended, may store the authoritative copy of such agreement and note, as amended, in its electronic form and then destroy the paper original as part of the holder’s 's normal business practices. The holder, on its own behalf, may control and transfer such authoritative copy as permitted by such law.
Appears in 6 contracts
Samples: Loan Agreement and Note (Itex Corp), Loan Agreement and Note (Itex Corp), Loan Agreement and Note (Itex Corp)
Transferable Record. The agreement and note, as amended, is a “"transferable record” " as defined in applicable law relating to electronic transactions. Therefore, the holder of the agreement and note, as amended, may, on behalf of Borrower, create a microfilm or optical disk or other electronic image of the agreement and note, as amended, that is an authoritative copy as defined in such law. The holder of the agreement and note, as amended, may store the authoritative copy of such agreement and note, as amended, in its electronic form and then destroy the paper original as part of the holder’s 's normal business practices. The holderhold, on its own behalf, may control and transfer such authoritative copy as permitted by such law.
Appears in 1 contract
Transferable Record. The agreement and note, as amended, is a “transferable record” as defined in applicable law relating to electronic transactions. Therefore, the holder of the agreement and note, as amended, may, on behalf of Borrower, create a microfilm or optical disk or other electronic image of the agreement and note, as amended, that is an authoritative copy as defined in such law!aw. The holder of the agreement and note, as amended, may store the authoritative copy of such agreement and note, as amended, in its electronic form and then destroy the paper original as part of the holder’s normal business practices. The holder, on its own behalf, may control and transfer such authoritative copy as permitted by such law.
Appears in 1 contract
Samples: Loan Agreement and Note (Outdoor Channel Holdings Inc)