Common use of NOTES/DEFINITIONS Clause in Contracts

NOTES/DEFINITIONS. 1. Beneficial Owner - An individual that has effective control of the customer or owns or controls 25% or more of a Company’s shares or voting rights. These shares maybe held directly or indirectly via another entity.

NOTES/DEFINITIONS. 1. Beneficial Owner - – An individual that has effective control of the customer or owns or controls 25% or more of a Company’s shares or voting rights. These shares maybe held directly or indirectly via another entity.