Template:Nutshell 1992 ISDA 4(e): Difference between revisions
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{{ | {{isda92prov|4(e)}} '''{{isda92prov|Payment of Stamp Tax}}'''. Unless incurred closing out a {{isda92prov|Transaction}} against a {{isda92prov|Defaulting Party}} (as to that, see Section {{isda92prov|11}}), it will pay any {{isda92prov|Stamp Tax}} it incurs performing this {{isda92prov|Agreement}} by reason of it being in a {{isda92prov|Stamp Tax Jurisdiction}}, and will [[indemnify]] the other party against any such {{isda92prov|Stamp Tax}} that that party suffers, unless the jurisdiction in question also happens to be a {{isda92prov|Stamp Tax Jurisdiction}} for that other party. <br> |
Latest revision as of 22:21, 23 February 2020
4(e) Payment of Stamp Tax. Unless incurred closing out a Transaction against a Defaulting Party (as to that, see Section 11), it will pay any Stamp Tax it incurs performing this Agreement by reason of it being in a Stamp Tax Jurisdiction, and will indemnify the other party against any such Stamp Tax that that party suffers, unless the jurisdiction in question also happens to be a Stamp Tax Jurisdiction for that other party.