Template:Nutshell 2002 ISDA 5(b)(iii): Difference between revisions
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Amwelladmin (talk | contribs) (Created page with ""'''{{isdaprov|Tax Event}}'''" is a {{isdaprov|Termination Event}} whereby, following a change in tax law or practice after any trade date, an "{{isdaprov|Affected Party}}" is...") |
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Revision as of 16:56, 11 April 2016
"Tax Event" is a Termination Event whereby, following a change in tax law or practice after any trade date, an "Affected Party" is likely to have to either
- (1) Gross Up an Indemnifiable Tax deduction or
- (2) receive a payment net of Tax which the Non-Affected Party is not required to Gross Up.