Common use of Document Imaging Clause in Contracts

Document Imaging. Borrower and Guarantor, as applicable, understands and agrees that (i) Lender's document retention policy involves the imaging of executed loan documents and the destruction of the paper originals, and (ii) Borrower or Guarantor, as applicable, waives any right that it may have to claim that the imaged copies of the loan documents are not originals.

Appears in 3 contracts

Samples: Loan Agreement (Arabian American Development Co), Loan Agreement (Arabian American Development Co), Loan Agreement (Arabian American Development Co)

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Document Imaging. Borrower and Guarantor, as applicable, understands and agrees that (ia) Lender's Agent’s document retention policy involves the imaging of executed loan documents and the destruction of the paper originals, and (iib) Borrower or Guarantor, as applicable, waives any right that it may have to claim that the imaged copies of the loan documents Loan Documents are not originals.

Appears in 2 contracts

Samples: Credit Agreement (Insperity, Inc.), Loan Agreement (Orion Marine Group Inc)

Document Imaging. Borrower and Guarantor, as applicable, understands and agrees that (ia) Lender's document retention policy involves the imaging of executed loan documents and the destruction of the paper originals, and (iib) Borrower or Guarantor, as applicable, waives any right that it may have to claim that the imaged copies of the loan documents Loan Documents are not originals.

Appears in 2 contracts

Samples: Loan Agreement (Global Geophysical Services Inc), Loan Agreement (Arabian American Development Co)

Document Imaging. Borrower Borrowers understand and Guarantor, as applicable, understands and agrees agree that (ia) Lender's document retention policy involves the imaging of executed loan documents and the destruction of the paper originals, and (iib) Borrower or Guarantor, as applicable, waives Borrowers waive any right that it may have to claim that the imaged copies of the loan documents Loan Documents are not originals.

Appears in 1 contract

Samples: Loan Agreement (Oyo Geospace Corp)

Document Imaging. Borrower and Guarantor, as applicable, understands and agrees that (ia) Agent’s and one or more Lender's ’s document retention policy involves (or may involve) the imaging of executed loan documents and the destruction of the paper originals, and (iib) Borrower or Guarantor, as applicable, waives any right that it may have to claim that the imaged copies of the loan documents Loan Documents are not originals.

Appears in 1 contract

Samples: Assignment and Assumption (Gulf Island Fabrication Inc)

Document Imaging. Borrower and Guarantor, as applicable, understands and agrees that (ia) Lender's document retention policy involves the imaging of executed loan documents and the destruction of the paper originals, and (iib) Borrower or Guarantor, as applicable, waives any right that it may have to claim that the imaged copies of the loan documents are not originals.

Appears in 1 contract

Samples: Loan Agreement (Arabian American Development Co)

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Document Imaging. The Borrower and Guarantor, as applicable, understands and agrees that (ia) Administrative Agent’s, Collateral Agent’s and one or more Lender's ’s document retention policy involves (or may involve) the imaging of executed loan documents and the destruction of the paper originals, and (iib) the Borrower or Guarantor, as applicable, waives any right that it may have to claim that the imaged copies of the loan documents Loan Documents are not originals.. 106

Appears in 1 contract

Samples: Credit Agreement (Fiesta Restaurant Group, Inc.)

Document Imaging. Borrower Borrowers understand and Guarantor, as applicable, understands and agrees agree that (ia) Lender's ’s document retention policy involves the imaging of executed loan documents and the destruction of the paper originals, and (iib) Borrower or Guarantor, as applicable, waives Borrowers waive any right that it may have to claim that the imaged copies of the loan documents Loan Documents are not originals.

Appears in 1 contract

Samples: Loan Agreement (Oyo Geospace Corp)

Document Imaging. Borrower and Guarantorthe Guarantors acknowledge, as applicable, understands understand and agrees agree that (i) the Lender's ’s document retention policy involves may involve the imaging of executed loan documents the Loan Documents and the destruction of the paper originals, original and (ii) Borrower or Guarantor, as applicable, waives and the Guarantors waive any right that it may have to claim that the imaged copies of the loan documents are copy is not originalsan original for all purposes.

Appears in 1 contract

Samples: Loan Agreement (Teraforce Technology Corp)

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