Electronic Note definition
Examples of Electronic Note in a sentence
If and to the extent that a Mortgage Note is an electronically signed document, then in lieu of delivery or endorsement of the Mortgage Note to the Trustee or Custodian, all necessary steps will be taken on the applicable Electronic Note Registry System for the Trustee to be considered in control of that Mortgage Note.
I understand that I may request a copy of the Authoritative Copy of this Electronic Note from the Note Holder or the Note Holder’s designee.
I agree that the Note Holder has the right, at any time, to convert this Electronic Note into a Paper Note.
The only copy of this Electronic Note that is the Authoritative Copy is the copy identified by the Note Holder named in the Note Holder Registry or the Note Holder’s designee.
The Note Holder Registry will contain the identity of the Note Holder and the location of the Authoritative Copy of this Electronic Note.
I have signed this Electronic Note using my adopted Electronic Signature.
By virtue of my agreements above, this Electronic Note is a Transferable Record.
I agree that the Note Holder has the right, at any time to transfer the registration of this Electronic Note to another Note Holder Registry.
After I issue this Electronic Note to the Note Holder, the Note Holder will register this Electronic Note in the Note Holder Registry.
By signing this Electronic Note using my adopted Electronic Signature, I am: (1) promising to pay the amount owed, as evidenced by this Electronic Note, to the Note Holder, and (2) agreeing that this Electronic Note is a valid, enforceable and effective Transferable Record issued by me to the Note Holder under the transferable records provisions of UETA and E-SIGN.