Electronic Contracts Sample Clauses

Electronic Contracts. Neither the Collateral Custodian nor the Borrower will communicate, or permit any custodian or vaulting agent thereof to communicate, an authoritative copy of any Electronic Contract to any Person other than the Electronic Vault Provider, the Servicer, the Borrower or the Administrative Agent.

Electronic Contracts. Credit Acceptance will not transfer to the Borrower any Purchased Loan Contract constituting electronic chattel paper or any Dealer Loan secured by a Dealer Loan Contract constituting electronic chattel paper, in either case, unless and until all of the following conditions precedent have been satisfied: (i) Credit Acceptance shall have delivered to the Deal Agent and the Lenders at least 10 days prior written notice of the first such transfer, (ii) prior to the first such transfer, Credit Acceptance shall have delivered or caused to be delivered to the Collateral Agent, the Deal Agent and the Lenders an Opinion of Counsel in form and substance acceptable to the Deal Agent in its sole discretion (which may be a reasoned opinion as to what a court would hold) substantially to the effect that, assuming specific procedures are followed by Credit Acceptance, Credit Acceptance’s security interest (as defined in the UCC) in the Contracts constituting electronic chattel paper will be perfected by “control” and (iii) Credit Acceptance shall have “control” of such electronic chattel paper within the meaning of Section 9-105 of the UCC.

Electronic Contracts. The parties acknowledge that they may maintain copies of this Agreement and its Amendments, if any, in electronic form and agree that copies reproduced from such electronic form or any other reliable means (e.g., photocopy, image or facsimile) will in all respects be considered equivalent to an original. An electronic signature will be deemed a valid signature for all purposes under this Agreement.

Electronic Contracts. With respect to any Electronic Contract, (a) such Electronic Contract is an electronic record and the execution thereof is in compliance with the applicable provisions of the Uniform Electronic Transactions Act (as, and if, adopted by relevant jurisdiction) and the federal Electronic Signatures in Global and National Commerce Act, (b) each of the parties to such Electronic Contract agreed to conduct the transaction evidenced by such Electronic Contract by electronic means, (c) the Borrower or its electronic service provider utilizes security procedures designed to determine the Person to which such Electronic Contract and the electronic signature thereof are attributable, (d) the Borrower or its electronic service provider provides a mechanism for the prevention or correction of errors in such electronic records, (e) in the case of an Electronic Contract that constitutes Electronic Chattel Paper, such Electronic Contract reasonably satisfies clauses (a) and (b) of the Electronic Chattel Paper Conditions, (f) if converted to a tangible medium and requested by the Administrative Agent, the Authoritative Copy of such Electronic Contract has been delivered to the Administrative Agent or custodian, to hold for the benefit of the Administrative Agent and (g) in the case of an Electronic Contract that constitutes Electronic Chattel Paper, if converted from a tangible medium to an electronic medium, the merchant generating such Electronic Contract has deleted, destroyed or obliterated all paper copies and digital copies of the Authoritative Copy of the tangible contract from which such Electronic Contract has been converted or has otherwise stamped all such related tangible contract indicating it is not an Authoritative Copy (such as indicating it is a “copy”). SECTION 7

Electronic Contracts. Each E-Vault Access Agreement provides the Custodian a right to use the E-Vault System and exclusive access to the Warehouse Vault Partition (except to the extent otherwise expressly set forth herein or in the Electronic Collateral Control Agreement) and the terms thereof are sufficient to permit the Custodian to perform its duties and obligations hereunder and under each Electronic Collateral Control Agreement. Prior to the Facility Termination Date, the Borrower will not have any right of access to the Warehouse Vault Partition under the E-Vault Access Agreement or otherwise.

Electronic Contracts. CAC will not transfer to Funding any Purchased Loan Contract constituting electronic chattel paper or any Dealer Loan secured by a Dealer Loan Contract constituting electronic chattel paper, in either case, unless and until all of the following conditions precedent have been satisfied: (i) CAC shall have delivered to the Deal Agent at least 10 days prior written notice of first such transfer, (ii) prior to the first such transfer, CAC shall have delivered or caused to be delivered to the Collateral Agent, the Deal Agent and the Lender an Opinion of Counsel in form and substance acceptable to the Deal Agent in its sole discretion (which may be a reasoned opinion as to what a court would hold) substantially to the effect that, assuming specific procedures are followed by CAC, CAC’s security interest (as defined in the UCC) in the Contracts constituting electronic chattel paper will be perfected by “control” and (iii) CAC shall have "control" of such electronic chattel paper within the meaning of Section 9-105 of the UCC. 2.14. Section 6.1 of the Agreement is hereby amended in its entirety and as so amended shall read as follows:

Electronic Contracts. ‌ Each State Party shall adopt or maintain laws and regulations that: a. allow for contracts to be concluded by electronic means; and‌ b. do not deny the legal effect, enforceability, or validity of an electronic contract solely on the grounds that the contract has been concluded by electronic means.‌

Electronic Contracts. None of the Borrower, the Borrower Loan Trustee nor any custodian or vaulting agent thereof, if any, has communicated, nor will they communicate, an Authoritative Copy of any Electronic Contract to any Person other than the Electronic Vault Provider, the Servicer, the Borrower, the Borrower Loan Trustee or the Collateral Agent.

Electronic Contracts. If required by Bank, Borrower shall do the following: If the Authoritative Copy of any Premium Finance Agreement is evidenced by an electronic Record (as defined in the Code): (a) such electronic Record and the execution thereof is in compliance with the applicable provisions of the Uniform Electronic Transactions Act (as, and if, adopted by relevant jurisdiction) and the federal Electronic Signatures in Global and National Commerce Act; (b) if such Premium Finance Agreement is initially an Electronic Contract, each of the parties to such Premium Finance Agreement agreed to conduct the transaction evidenced by such Premium Finance Agreement by electronic means; (c) if such Premium Finance Agreement is initially an Electronic Contract, Borrower or its electronic service provider utilizes security procedures designed to determine the Person to which such Premium Finance Agreement and the electronic signature thereof are attributable; (d) Borrower or its electronic service provider provides a mechanism for the prevention or correction of errors in such electronic Records; (e) if not converted to a tangible medium, such Premium Finance Agreement was created or converted, stored and assigned in such a manner that: (1) a single Authoritative Copy of such Premium Finance Agreement exists that is unique, identifiable and, except as otherwise provided in Section 9-105(b)(4), (5) and (6) of the Code, unalterable, (2) the Authoritative Copy of such Premium Finance Agreement identifies Bank as the secured party or assignee of such Premium Finance Agreement, (3) the Authoritative Copy of such Chattel Premium Finance Agreement has been communicated to the Custodian with respect to Electronic Contracts, to hold for the benefit of Bank, (4) copies or revisions that add or change an identified assignee of the Authoritative Copy of such Premium Finance Agreement can be made only with the consent of Bank, (5) each copy of the Authoritative Copy of such Premium Finance Agreement and any copy of a copy of such Premium Finance Agreement is readily identifiable as a copy that is not the Authoritative Copy of such Premium Finance Agreement, (6) any revision of the Authoritative Copy of such Premium Finance Agreement is readily identifiable as an authorized or unauthorized revision, (7) a copy of such Premium Finance Agreement is accessible to Bank; (f) if converted to a tangible medium, the Authoritative Copy of such Premium Finance Agreement has been delivered to Bank or the Cus...