Establishment of Imaging System Sample Clauses
The "Establishment of Imaging System" clause defines the obligation to set up and implement a specific imaging system within a project or facility. Typically, this clause outlines the technical requirements, timelines, and responsibilities for procuring, installing, and configuring the imaging equipment and related software. For example, it may specify the type of imaging technology to be used, the standards it must meet, and the party responsible for ongoing maintenance. The core function of this clause is to ensure that a reliable and compliant imaging system is established, thereby supporting operational needs and meeting regulatory or contractual requirements.
Establishment of Imaging System. Other than with respect to any Electronic Contract, the Servicer shall maintain an imaging system through which the original physical Receivable File and, with respect to any Hard Secured Receivable, the original certificate of title (if such certificate of title is issued in physical and not in electronic form), if any, with respect to the Titled Asset securing such Hard Secured Receivable may be imaged and captured through a standalone PDF, or another electronic medium, and validated through an internal, controlled process with images captured, stored and identifiable at a central location as a backup to physical documentation; provided that any certificates of title that are issued electronically are not imaged and stored pursuant to this clause (iv) but are maintained by a third party electronic title lienholder. For the avoidance of doubt, the related image of a Contract that is an Electronic Contract will be stored in the Electronic Vault and will not be retained by the Servicer.
Establishment of Imaging System. Other than with respect to any Electronic Contract, the Servicer shall maintain an imaging system through which the original physical Contract and, with respect to any Hard Secured Loan, the original physical certificate of title with respect to the Titled Asset securing such Hard Secured Loan may be imaged and captured through a standalone PDF, or another electronic medium, device and validated through an internal, controlled process with images captured, stored and identifiable at a central location as a backup to physical documentation. For the avoidance of doubt, the Servicer shall cause imaged files with respect to which the related Contract is an Electronic Contract to be stored in the Electronic Vault.
Establishment of Imaging System. The Servicer shall maintain an imaging system through which the original physical Contract and, with respect to any Hard Secured Loan, the original physical certificate of title with respect to the Titled Asset securing such Hard Secured Loan may be imaged and captured through a standalone PDF, or another electronic medium, device and validated through an internal, controlled process with images captured, stored and identifiable at a central location as a backup to or replacement (in the case of Contracts originated in electronic form) to physical documentation.
Establishment of Imaging System. The Servicer shall maintain an imaging system through which the original physical Loan Notes may be imaged and captured through a standalone PDF, or another electronic medium, device and validated through an internal, controlled process with images captured, stored and identifiable at a central location as a backup to or replacement (in the case of Loan Notes originated in electronic form) to physical documentation.
Establishment of Imaging System. The Servicer may establish its own imaging system through which the original physical Loan Notes may be imaged and captured through a standalone PDF, or another electronic medium, device and validated through an internal, controlled process with images captured, stored and identifiable at a central location as a backup to or replacement (in the case of Loan Notes originated in electronic form) to physical documentation. Notwithstanding the foregoing, the Servicer may not exercise its option to maintain custody of original physical Loan Notes until the Indenture Trustee receives an Officer’s Certificate from the Servicer certifying that (i) the Servicer’s imaging system has been established, (ii) copies of original physical Loan Notes scanned through the Servicer’s imaging system are accessible by the Back-up Servicer to the same extent as copies provided by the Custodian of original physical Loan Notes in the Custodian’s possession and (iii) the possession of any original physical Loan Notes by the Servicer (or the applicable Subservicer) and the use of the Servicer’s imaging system will not result in a breach of any of the representations or covenants made by the Servicer, a Subservicer or the Issuer in this Agreement or the Indenture, as applicable.
Establishment of Imaging System. Other than with respect to any Electronic Contract, the Servicer shall maintain an imaging system through which the original physical Receivable File and, with respect to any Hard Secured Receivable, the original physical certificate of title, if any, with respect to the Titled Asset securing such Hard Secured Receivable, may be imaged and captured through a standalone PDF, or another electronic medium, and validated through an internal, controlled process with images captured, stored and identifiable at a central location as a backup to physical documentation, provided, that any certificates of title that are issued electronically are not imaged and stored pursuant to this clause (iv) but are maintained by a third party electronic title lienholder.