View source for Template:ISDA Master Agreement 1992 2(d)(ii)

:{{isda92prov|2(d)(ii)}} '''Liability'''. If:― 
::(1) X is required by any [[applicable law]], as modified by the practice of any relevant governmental revenue authority, to make any deduction or [[withholding]] in respect of which X would not be required to pay an additional amount to Y under Section {{isda92prov|2(d)(i)(4)}}; 
::(2) X does not so deduct or withhold; and 
::(3) a liability resulting from such {{isda92prov|Tax}} is assessed directly against X, 
:then, except to the extent Y has satisfied or then satisfies the liability resulting from such {{isda92prov|Tax}}, Y will promptly pay to X the amount of such liability (including any related liability for interest, but including any related liability for penalties only if Y has failed to comply with or perform any agreement contained in Section {{isda92prov|4(a)(i)}}, {{isda92prov|4(a)(iii)}} or {{isda92prov|4(d)}}). <br>