Transferable Record definition
Examples of Transferable Record in a sentence
By virtue of my agreements above, this Electronic Note is a Transferable Record.
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.
If the Debtor at any time holds or acquires an interest in any electronic chattel paper or any Transferable Records, it shall promptly notify the Secured Party thereof and, at the request of the Secured Party, shall take such action as the Secured Party may reasonably request to vest in the Secured Party Control thereunder of such electronic chattel paper or control under the Transferable Record Statutes.
With respect to any eMortgage Loan, the electronically created and stored Mortgage Note that is a Transferable Record.
In addition, I agree that this Electronic Note will be an effective, enforceable and valid Transferable Record (as defined in Section 11(F)) and may be created, authenticated, stored, transmitted and transferred in a manner consistent with and permitted by the Transferable Records sections of UETA or E-SIGN.