7
dd) The term “Account Holder” means the person listed or identified as the
holder of a Financial Account by the Financial Institution that maintains the
account. A person, other than a Financial Institution, holding a Financial
Account for the benefit or account of another person as agent, custodian,
nominee, signatory, investment advisor, or intermediary, is not treated as
holding the account for purposes of this Agreement, and such other person is
treated as holding the account. For purposes of the immediately preceding
sentence, the term “Financial Institution” does not include a Financial
Institution organized or incorporated in a U.S. Territory. In the case of a Cash
Value Insurance Contract or an Annuity Contract, the Account Holder is any
person entitled to access the Cash Value or change the beneficiary of the
contract. If no person can access the Cash Value or change the beneficiary, the
Account Holder is any person named as the owner in the contract and any
person with a vested entitlement to payment under the terms of the contract.
Upon the maturity of a Cash Value Insurance Contract or an Annuity Contract,
each person entitled to receive a payment under the contract is treated as an
Account Holder.
ee) The term “U.S. Person” means a U.S. citizen or resident individual, a
partnership or corporation organized in the United States or under the laws of
the United States or any State thereof, a trust if (i) a court within the United
States would have authority under applicable law to render orders or
judgments concerning substantially all issues regarding administration of the
trust, and (ii) one or more U.S. persons have the authority to control all
substantial decisions of the trust, or an estate of a decedent that is a citizen or
resident of the United States. This subparagraph 1(ee) shall be interpreted in
accordance with the U.S. Internal Revenue Code.
ff) The term “Specified U.S. Person” means a U.S. Person, other than: (i) a
corporation the stock of which is regularly traded on one or more established
securities markets; (ii) any corporation that is a member of the same expanded
affiliated group, as defined in section 1471(e)(2) of the U.S. Internal Revenue
Code, as a corporation described in clause (i); (iii) the United States or any
wholly owned agency or instrumentality thereof; (iv) any State of the United
States, any U.S. Territory, any political subdivision of any of the foregoing, or
any wholly owned agency or instrumentality of any one or more of the
foregoing; (v) any organization exempt from taxation under section 501(a) of
the U.S. Internal Revenue Code or an individual retirement plan as defined in
section 7701(a)(37) of the U.S. Internal Revenue Code; (vi) any bank as
defined in section 581 of the U.S. Internal Revenue Code; (vii) any real estate
investment trust as defined in section 856 of the U.S. Internal Revenue Code;
(viii) any regulated investment company as defined in section 851 of the U.S.
Internal Revenue Code or any entity registered with the U.S. Securities and
Exchange Commission under the Investment Company Act of 1940 (15 U.S.C.
80a-64); (ix) any common trust fund as defined in section 584(a) of the U.S.
Internal Revenue Code; (x) any trust that is exempt from tax under section
664(c) of the U.S. Internal Revenue Code or that is described in section
4947(a)(1) of the U.S. Internal Revenue Code; (xi) a dealer in securities,
commodities, or derivative financial instruments (including notional principal
contracts, futures, forwards, and options) that is registered as such under the