Common use of Transferable Record Clause in Contracts

Transferable Record. The Agreement and the Implementation Documents are each a “transferable record” as defined under Applicable Law relating to electronic transactions. Bank may create an electronic image of this Agreement and any Implementation Document that will be an authoritative copy as defined under such law. Bank may store the authoritative copy of this Agreement and the Implementation Documents and then destroy the paper originals as part of Bank’s normal business practices. Bank may control and transfer any authoritative copy as permitted by law.

Appears in 4 contracts

Samples: Management Master Agreement, Management Master Agreement, Management Master Agreement

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