Common use of Document Imaging Clause in Contracts

Document Imaging. The Administrative Agent shall be entitled, in its sole discretion, to image or make copies of all or any selection of the agreements, instruments, documents, and items and records governing, arising from or relating to any of Borrower’s Loans, including, without limitation, this Agreement and the Loan Documents, and the Administrative Agent may destroy or archive the paper originals. The parties hereto (i) waive any right to insist or require that the Administrative Agent produce paper originals, (ii) agree that such images shall be accorded the same force and effect as the paper originals, (iii) agree that the Administrative Agent is entitled to use such images in lieu of destroyed or archived originals for any purpose, including as admissible evidence in any demand, presentment or other proceedings, and (iv) further agree that any executed facsimile (faxed), scanned, or other imaged copy of this Agreement or any Loan Document shall be deemed to be of the same force and effect as the original manually executed document.

Appears in 2 contracts

Samples: Credit Agreement (Five Point Holdings, LLC), Credit Agreement (Five Point Holdings, LLC)

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Document Imaging. The Administrative Agent shall be entitled, in its sole discretion, to image or make copies of all or any selection of the agreements, instruments, documents, and items and records governing, arising from or relating to any of Borrower’s LoansBorrowers’ loans, including, without limitation, this Agreement Guaranty and the other Loan Documents, and the Administrative Agent may destroy or archive the paper originals. The parties hereto (i) waive any right to insist or require that the Administrative Agent produce paper originals, (ii) agree that such images shall be accorded the same force and effect as the paper originals, (iii) agree that the Administrative Agent is entitled to use such images in lieu of destroyed or archived originals for any purpose, including as admissible evidence in any demand, presentment or other proceedings, and (iv) further agree that any executed facsimile (faxed), scanned, or other imaged copy of this Agreement Guaranty or any Loan Document shall be deemed to be of the same force and effect as the original manually executed document.

Appears in 1 contract

Samples: Guaranty (GPAQ Acquisition Holdings, Inc.)

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Document Imaging. The Administrative Agent shall be entitled, in its sole discretion, to image or make copies of all or any selection of the agreements, instruments, documents, and items and records governing, arising from or relating to any of Borrower’s LoansBorrowers’ loans, including, without limitation, this Agreement Guaranty and the other Loan Documents, and the Administrative Agent may destroy or archive the paper originals. The parties hereto (i) waive any right to insist or require that the Administrative Agent produce paper originals, (ii) agree that such images shall be accorded the same force and effect as the paper originals, (iii) agree that the Administrative Agent is entitled to use such images in lieu of destroyed or archived originals for any purpose, including as admissible evidence in any demand, presentment or other proceedings, and (iv) further agree that any executed facsimile (faxed), scanned, or other imaged copy of this Agreement Guaranty or any Loan Document shall be deemed to be of the same force and effect as the original manually executed document.

Appears in 1 contract

Samples: Guaranty Agreement (Hall of Fame Resort & Entertainment Co)

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