Common use of Authoritative Copy Clause in Contracts

Authoritative Copy. 4.1 Creation of an Authoritative Copy. Once a Dealer obtains all necessary Signatures for an eContract and submits it to a Financing Source, the System will create an Authoritative Copy of the eContract and submit the Authoritative Copy to the Dealer’s logical segment of the Vault. Until Control is transferred to a Purchaser, the Dealer is the Owner of Record. The System will create an Authoritative Copy as follows:

Appears in 2 contracts

Samples: d2n8sg27e5659d.cloudfront.net, us.dealertrack.com

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Authoritative Copy. 4.1 Creation of an Authoritative Copy. Once a Dealer obtains all necessary Signatures for an eContract and submits it to a Financing Source, the System will create an Authoritative Copy of the eContract and submit the Authoritative Copy to the Dealer’s 's logical segment of the Vault. Until Control is transferred to a PurchaserHowever, the Dealer is will not have any Control or access rights to the Owner Authoritative Copy and upon the Financing Source's booking or funding, the Authoritative Copy will be transferred to the Financing Source's logical segment of Recordthe Vault ("Initial Delivery"). The System will create an Authoritative Copy as follows:

Appears in 2 contracts

Samples: d2n8sg27e5659d.cloudfront.net, us.dealertrack.com

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