E-Records and Modern Communications Sample Clauses

E-Records and Modern Communications. All Parties to this Agreement approve the use of modern communication tools for this Agreement and the transactions contemplated by this Agreement. An electronic record within the meaning of the Indiana Uniform Electronics Transaction Act (Indiana Code Section 26-2-8-101, et. seq.) as amended and in effect from time to time (“IUETA”) may satisfy any requirement under this Agreement regarding a record or other writing. An electronic signature within the meaning of the IUETA may satisfy any requirement under this Agreement with respect to a signature. The use of electronic records and of electronic signatures is authorized to fulfill and implement the provisions of this Agreement, subject to such security procedures (within the meaning of the IUETA) as the Purchaser may approve from time to time to assure the authenticity and validity of electronic records and electronic signatures that may be utilized for such purposes. The Parties may keep and maintain the records pertaining to this Agreement in electronic format, including, without limitation, records which bear electronic or manual signatures. The Parties elect coverage under the Electronic Signatures in Global and National Commerce Act, codified at 15 U.S.C. §7001, et seq., as amended, repealed and re-codified, from time to time, to the extent it broadens the substantive or geographic scope of the IUETA. It is the intention of the Parties that consummation and implementation of this Agreement shall be “paperless” to the fullest extent possible and practicable. Collectively, all records described in this paragraph shall be referred to as “E-Records”. E-Records are the equivalent of “in writing” or “signed” et cetera. Anything in this section to the contrary notwithstanding, any Party may request original mechanical signatures to this Agreement, and upon such request, each Party will provide an executed original of the Agreement to the other Party.
Sample 1
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