Common use of Electronic Imaging Clause in Contracts

Electronic Imaging. The parties hereto agree that, at any time, the Lender may convert paper records of this commitment letter and all other documentation delivered to the Borrower (each, a “Paper Record”) into electronic images (each, an “Electronic Image”) as part of the Lender’s normal business practices. The parties agree that each such Electronic Image shall be considered as an authoritative copy of the Paper Record and shall be legally binding on the parties and admissible in any legal, administrative or other proceeding as conclusive evidence of the contents of such document in the same manner as the original Paper Record.”