Common use of Electronic Transmissions Clause in Contracts

Electronic Transmissions. The Bank is authorized to accept and process any amendments, transfers, assignments of proceeds, Drawings, consents, waivers and all documents relating to the Letter of Credit which are sent to Bank by electronic transmission, including the SWIFT, electronic mail, telex, telecopy, telefax, courier, mail or other computer generated telecommunications and such electronic communication shall have the same legal effect as if written and shall be binding upon and enforceable against the City. The Bank may, but shall not be obligated to, require authentication of such electronic transmission or that the Bank receives original documents prior to acting on such electronic transmission.

Electronic Transmissions. The Bank is authorized to accept and process any amendments, transfers, assignments of proceeds, DrawingsInstructions, consents, waivers and all documents relating to the Letter of Credit which are sent to Bank by electronic transmission, including the SWIFT, electronic mail, telex, telecopy, telefax, courier, mail or other computer generated telecommunications and such electronic communication shall have the same legal effect as if written and shall be binding upon and enforceable against the CityApplicant. The Bank may, but shall not be obligated to, require authentication of such electronic transmission or that the Bank receives original documents prior to acting on such electronic transmission.

Electronic Transmissions. The Issuing Bank is authorized to accept and process any amendments, transfers, assignments of proceeds, Drawingsinstructions, consents, waivers and all documents relating to the any Letter of Credit which that are sent to the Issuing Bank by electronic transmission, including the SWIFT, electronic mail, telex, telecopy, telefax, courier, mail or other computer generated telecommunications and such electronic communication shall have the same legal effect as if written and shall be binding upon and enforceable against the CityBorrower. The Issuing Bank may, but shall not be obligated to, require authentication of such electronic transmission or require that the Issuing Bank receives original documents prior to acting on such electronic transmission.

Electronic Transmissions. The Bank is authorized to accept and process any Application and any amendments, transfers, assignments of proceeds, DrawingsInstructions, consents, waivers and all documents relating to the Letter of Credit or the Application which are sent to Bank by electronic transmission, including the SWIFT, electronic mail, telex, telecopy, telefax, courier, mail or other computer generated telecommunications and such electronic communication shall have the same legal effect as if written and shall be binding upon and enforceable against the CityApplicant. The Bank may, but shall not be obligated to, require authentication of such electronic transmission or that the Bank receives original documents prior to acting on such electronic transmission.