Common use of Aggregation of Entity Accounts Clause in Contracts

Aggregation of Entity Accounts. For purposes of determining the aggregate balance or value of accounts held by an Entity, a Reporting [FATCA Partner] Financial Institution will be required to take into account all accounts held by Entities that are maintained by the Reporting [FATCA Partner] Financial Institution, or Related Entities, to the extent that the Reporting [FATCA Partner] Financial Institution’s computerized systems link the accounts by reference to a data element such as client number or taxpayer identification number and allow account balances to be aggregated.

Appears in 8 contracts

Sources: Intergovernmental Agreement to Improve Tax Compliance and Implement Fatca, Intergovernmental Agreement to Improve Tax Compliance and Implement Fatca, Intergovernmental Agreement to Improve Tax Compliance and to Implement Fatca

Aggregation of Entity Accounts. For purposes of determining the aggregate balance or value of accounts Financial Accounts held by an Entity, a Reporting [FATCA Partner] Financial Institution will shall be required to take into account all accounts held by Entities that are maintained by the Reporting [FATCA Partner] Financial Institution, or Related Entities, to the extent that the Reporting [FATCA Partner] Financial Institution’s computerized systems link the accounts by reference to a data element such as client number or taxpayer identification number and allow account balances to be aggregated.

Appears in 1 contract

Sources: Agreement Between the Government of the United States of America and the Government of [Fatca Partner] to Improve International Tax Compliance and to Implement Fatca

Aggregation of Entity Accounts. For purposes of determining the aggregate ag- gregate balance or value of accounts held by an Entity, a Reporting [FATCA Partner] Financial Institution will shall be required to take into account all accounts held by Entities that are maintained by the Reporting [FATCA Partner] Financial ▇▇▇▇▇- cial Institution, or Related Entities, to the extent that the Reporting [FATCA Partner] Financial Institution’s computerized systems link the accounts by reference ref- erence to a data element such as client number or taxpayer identification number num- ber and allow account balances to be aggregated.

Appears in 1 contract

Sources: Agreement Between the United States of America and [Fatca Partner] for Cooperation to Facilitate the Implementation of Fatca