Template:Nutshell 2002 ISDA 11: Difference between revisions

Latest revision as of 10:24, 27 July 2022

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.

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	{{isdaprov\|11}} '''{{isdaprov\|Expenses}}'''. A {{isdaprov\|Defaulting Party}} will on demand [[Indemnity\|indemnify]] the {{isdaprov\|Non-Defaulting Party}} for all reasonable [[costs]] — including {{isdaprov\|Stamp Tax}} — that the {{isdaprov\|Non-Defaulting Party}} incurs in closing out {{isdaprov\|Transactions}} and enforcing its rights against the {{isdaprov\|Defaulting Party}}.<br>		{{isdaprov\|11}} '''{{isdaprov\|Expenses}}'''<br>
			A {{isdaprov\|Defaulting Party}} will on demand [[Indemnity\|indemnify]] the {{isdaprov\|Non-Defaulting Party}} for all [[reasonable]] [[costs]] — including {{isdaprov\|Stamp Tax}} — that the {{isdaprov\|Non-Defaulting Party}} incurs in closing out {{isdaprov\|Transactions}} and enforcing its rights against the {{isdaprov\|Defaulting Party}}.<br>