Common use of Document Retention Policy Clause in Contracts

Document Retention Policy. Borrower understands and agrees that (a) Lender’s document retention policy involves the imaging of executed loan documents and the destruction of the paper originals, and (b) Borrower waives any right that it may have to claim that the imaged copies of the Loan Documents are not originals.

Document Retention Policy. The Borrower expressly acknowledges, understands and agrees that (a) Lender’s document retention policy involves the imaging of executed loan documents the Loan Documents and the destruction of the paper originalsoriginals thereof. In connection therewith, and (b) the Borrower hereby waives any right that and all rights it has or may have to claim claim, for any and all purposes whatsoever, that the imaged copies copy of the Loan Documents are not originalsoriginals thereof.