Template:Nutshell 1992 ISDA 11: Difference between revisions
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==={{ | ==={{isda92prov|11}} '''{{isda92prov|Expenses}}'''=== | ||
A {{ | A {{isda92prov|Defaulting Party}} will on demand [[Indemnity|indemnify]] the {{isda92prov|Non-Defaulting Party}} for all [[reasonable]] [[costs]] — including {{isda92prov|Stamp Tax}} — that the {{isda92prov|Non-Defaulting Party}} incurs in closing out {{isda92prov|Transactions}} and enforcing its rights against the {{isda92prov|Defaulting Party}}.<br> | ||
Latest revision as of 18:12, 27 March 2020
11 Expenses
A Defaulting Party will on demand indemnify the Non-Defaulting Party for all reasonable costs — including Stamp Tax — that the Non-Defaulting Party incurs in closing out Transactions and enforcing its rights against the Defaulting Party.