Authoritative Copy definition

Authoritative Copy means, with respect to an eNote, the unique copy of such eNote that is within the Control of the Controller.

Authoritative Copy. With respect to any Electronic Contract, a copy of such Contract that is unique, identifiable and, except as otherwise provided in Section 9-105 of the UCC, unalterable, and is marked “original” or has no watermark or other marking that would indicate that it is a “copy” or “duplicate” or not an original or not an “authoritative” copy.

Authoritative Copy means, with respect to any Electronic Contract that constitutes Electronic Chattel Paper, the authoritative copy thereof, as such term is used in Section 9-105 of the UCC.

Examples of Authoritative Copy in a sentence

• Unless and until the Bank creates a Paper Original, the Authoritative Copy of this Agreement: (1) shall at all times reside in a document management system designated by the Bank for the storage of authoritative copies of electronic records, and (2) is held in the ordinary course of business.

• In the event the Authoritative Copy is converted to a Paper Original, the parties hereto acknowledge and agree that: (1) the electronic signing of this Agreement also constitutes issuance and delivery of the Paper Original, (2) the electronic signature(s) associated with this Agreement, when affixed to the Paper Original, constitutes legally valid and binding signatures on the Paper Original, and (3) the Borrower’s obligations will be evidenced by the Paper Original after such conversion.

• At the Bank’s discretion the authoritative electronic copy of this Note ("Authoritative Copy") may be converted to paper and marked as the original by the Bank (the "Paper Original").

• Authoritative Copy System or other similar third party electronic vaulting system; provided that at no time shall a Receivable File be moved to an office or location outside the geographic boundaries of the United States.

• The Authoritative Copy will be the copy held and designated as such in the System.

More Definitions of Authoritative Copy

Authoritative Copy means a copy of an Electronic Loan Document that has not been altered since it was (i) delivered for effect, if it was not required to be signed, or (ii) signed.

Authoritative Copy means the copy of an eNote or other electronic record that is designated by the agreement of the parties to the transaction, MERS system rule, or MERS system design as the unique controlling reference copy. Either the Controller on the MERS eRegistry or a custodian maintains the Authoritative Copy of the eNote.

Authoritative Copy of any eNote means the single unique, identifiable and legally controlling copy of such eNote that meets the requirements of §16(c) of UETA and §7201(c) of E-SIGN, and that is registered on the MERS® eRegistry and stored, at all times, in an eVault that complies with applicable eCommerce Laws, maintained by the Person named in the Location specified in the MERS® eRegistry.

Authoritative Copy means the original, unique, identifiable and unalterable electronic record of an electronic will.

Authoritative Copy. (quoted terms have the meaning assigned to them in the UCC). The Servicer may temporarily move individual Contract Files or any portion thereof without notice as necessary to conduct collection and other servicing activities in accordance with its customary practices and procedures; provided, however, that the Servicer will take all action necessary to maintain the perfection of the Trust’s interest in the Contracts and the proceeds thereof. It is intended that, by the Servicer’s agreement pursuant to Section 4.01(a) above and this Section 4.01(b), the Trustees shall be deemed to have possession of the Contract Files for purposes of Section 9-313 of the Uniform Commercial Code of the State in which the Contract Files are located.

Authoritative Copy means a document, utilizing the electronic signature services of DocuSign that becomes part of an Electronic Timeshare Loan File which is unique, identifiable and has no watermark or other marking that would indicate that it is a “copy” or “duplicate” or not an original or not an “authoritative copy.

Authoritative Copy means, with respect to a Record constituting an Electronic Chattel Paper, an electronic or tangible copy of such Record that is unique, identifiable and, except as otherwise provided in Section 9-105(b)(4), (5) and (6) of the Uniform Commercial Code (or, in the case of the State of New York, Section 9-105(4), (5) and (6)), is unalterable, and is marked “original” (or similar designation) or has no mark or watermark that would indicate that it is a “copy” or “duplicate” or not an original or “authoritative” copy. “Available Borrowing Base” means, as of any time it is to be determined, the difference between (a) the Borrowing Base and (b) all Hedging Liability then outstanding and the Letter of Credit Usage.