Common use of Reliance on Third Party Service Providers Clause in Contracts

Reliance on Third Party Service Providers. The British Virgin Islands may allow Reporting British Virgin Islands Financial Institutions to use third party service providers to fulfill the obligations imposed on such Reporting British Virgin Islands Financial Institutions by the British Virgin Islands, as contemplated in this Agreement, but these obligations shall remain the responsibility of the Reporting British Virgin Islands Financial Institutions.

Reliance on Third Party Service Providers. The British Virgin Islands may allow Reporting British Virgin Islands Financial Institutions to use third party service providers to fulfill the obligations imposed on such Reporting British Virgin Islands Financial Institutions them by the British Virgin Islands, as contemplated in this Agreement, but these obligations shall remain the responsibility of the Reporting British Virgin Islands Financial Institutions.