Common use of Establishment of Imaging System Clause in Contracts

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.

Appears in 2 contracts

Sources: Sale and Servicing Agreement (OneMain Financial Holdings, Inc.), Sale and Servicing Agreement (OneMain Financial Holdings, Inc.)