Template:Isda Combined Tax Event comp

From The Jolly Contrarian
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This covers {{{{{1}}}|Tax Event}} and {{{{{1}}}|Change in Tax Law}}, and also the hilarious concept of {{{{{1}}}|Indemnifiable Tax}}es.

The 1992 ISDA represented a significant change from the 1987 ISDA which was a bit half-hearted about gross-ups.

Other than the renumbering, no real changes in the definition of {{{{{1}}}|Tax Event}} from the 1992 ISDA to the 2002 ISDA though, unhelpfully, the sub-paragraph references in the 1992 ISDA are (1) and (2) and in the 2002 ISDA are (A) and (B). Otherwise, pretty much the same.

The 1987 ISDA and the 1992 ISDA were the same, and the best ISDA’s crack drafting squad™ could do to upgrade the 2002 ISDA was the rather fussy “on or after” tweak.