Artikel 2

1. For the purposes of this Agreement, unless otherwise defined:
a) the term “Contracting Party” means the Netherlands or Bermuda as the context requires; the term “Contracting Parties” means Bermuda and the Netherlands;
b) the term “the Netherlands” means the part of the Kingdom of the Netherlands that is situated in Europe, including its territorial sea, and any area beyond the territorial sea within which the Netherlands, in accordance with international law, exercises jurisdiction or sovereign rights;
c) the term “Bermuda” means the Islands of Bermuda including the territorial sea adjacent to those islands, in accordance with international law;
d) the term “competent authority” means (i) in the case of the Netherlands the Minister of Finance or his authorised representative;
(ii) in the case of Bermuda, the Minister of Finance or an authorised representative of the Minister;
(i) in the case of the Netherlands the Minister of Finance or his authorised representative;
(ii) in the case of Bermuda, the Minister of Finance or an authorised representative of the Minister;
2. As regards the application of this Agreement at any time by a Contracting Party, any term not defined therein shall, unless the context otherwise requires, have the meaning that it has at that time under the law of that Party, any meaning under the applicable tax laws of that Party prevailing over a meaning given to the term under other laws of that Party.