Common use of Certain Collective Investment Vehicles Clause in Contracts

Certain Collective Investment Vehicles. In the case of an Investment Entity that is a collective investment vehicle regulated under the laws of the United Kingdom: 1. if all of the interests in the collective investment vehicle (including debt interests in excess of US$50,000) are held by or through one or more Reporting Financial Institutions such collective investment vehicle will be treated as a Non-Reporting Financial Institution; or 2. if the collective investment vehicle is not as described in subparagraph (a), then, consistent with paragraph 3 of Article 4 of the Agreement, if the information required to be reported by the collective investment vehicle under the Agreement with respect to interests in the collective investment vehicle is reported by the collective investment vehicle or another Investment Entity, the reporting obligations of all other Investment Entities required to report with respect to the interests in the collective investment vehicle will be deemed fulfilled with respect to such interests.