Common use of Document Imaging Clause in Contracts

Document Imaging. The Authority hereby acknowledges the receipt of a copy of the Agreement and all other Senior Financing Documents. The Bank may, on behalf of the Authority, create a microfilm or optical disk or other electronic image of the Agreement and any or all of the Senior Financing Documents. The Bank may store the electronic image of such Agreement and Senior Financing Documents in its electronic form and then destroy the paper original as part of the Bank’s normal business practices, with the electronic image deemed to be an original.

Document Imaging. The Authority hereby acknowledges the receipt of a copy of the Agreement and all other Senior Financing Documents. The Bank may, on behalf of the Authority, create a microfilm or optical disk or other electronic image of the Agreement and any or all of the Senior Financing Documents. The Bank may store the electronic image of such Agreement and Senior Financing Documents in its electronic form and then destroy the paper original as part of the Bank’s normal business practices, with the electronic image deemed to be an original.