Electronic Means definition
Examples of Electronic Means in a sentence
If the Issuer elects to give the Trustee or the Notes Collateral Agent Instructions using Electronic Means and the Trustee or the Notes Collateral Agent, as applicable, in its discretion elects to act upon such Instructions, the Trustee’s or the Notes Collateral Agent’s, as applicable, understanding of such Instructions shall be deemed controlling.
The Issuer agrees (i) to assume all risks arising out of the use of Electronic Means to submit Instructions to the Trustee or the Notes Collateral Agent, including without limitation the risk of the Trustee or the Notes Collateral Agent acting on unauthorized Instructions, and the risk of interception and misuse by third parties, and (ii) to notify the Trustee or the Notes Collateral Agent upon learning of any material compromise or unauthorized use of the security procedures.