Common use of Aggregation of Entity Accounts Clause in Contracts

Aggregation of Entity Accounts. For purposes of determining the aggregate balance or value of Financial Accounts held by an Entity, a Reporting British Virgin Islands Financial Institution is required to take into account all Financial Accounts that are maintained by the Reporting British Virgin Islands Financial Institution, or by a Related Entity, but only to the extent that the Reporting British Virgin Islands Financial Institution’s computerized systems link the Financial Accounts by reference to a data element such as client number or taxpayer identification number, and allow account balances or values to be aggregated.

Aggregation of Entity Accounts. For purposes of determining the aggregate balance or value of Financial Accounts accounts held by an Entity, a Reporting British Virgin Islands Financial Institution is shall be required to take into account all Financial Accounts accounts held by Entities that are maintained by the Reporting British Virgin Islands Financial Institution, or by a Related EntityEntities, but only to the extent that the Reporting British Virgin Islands Financial Institution’s computerized computerised systems link the Financial Accounts accounts by reference to a data element such as client number or taxpayer identification number, number and allow account balances or values to be aggregated.