Template:ISDA Master Agreement 2002 5(b)(iv): Difference between revisions

From The Jolly Contrarian
Jump to navigation Jump to search
(Created page with "{{isdaprov|5(b)(iv)}} '''{{isdaprov|Tax Event Upon Merger}}'''. The party (the “'''{{isdaprov|Burdened Party}}'''”) on the next succeeding Scheduled <br>Settlement Date wi...")
(No difference)

Revision as of 16:46, 12 February 2013

5(b)(iv) Tax Event Upon Merger. The party (the “Burdened Party”) on the next succeeding Scheduled
Settlement Date will either (1) be required to pay an additional amount in respect of an Indemnifiable
Tax under Section 2(d)(i)(4) (except in respect of interest under Section 9(h)) or
(2) receive a payment from which an amount has been deducted or withheld for or on account of
any Tax in respect of which the other party is not required to pay an additional amount
(other than by reason of Section 2(d)(i)(4)(A) or (B)), in either case as a result of a party
consolidating or amalgamating with, or merging with or into, or transferring all or substantially all
its assets (or any substantial part of the assets comprising the business conducted by it as of the
date of this Master Agreement) to, or reorganising, reincorporating or reconstituting into or as,
another entity (which will be the Affected Party) where such action does not constitute a Merger Without Assumption;