Template:ISDA Master Agreement 1992 Tax Event: Difference between revisions

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“'''{{isda92prov|Tax Event}}'''” has the meaning specified in Section {{isda92prov|5(b)}}.
{{ISDA Master Agreement 1992 5(b)(ii)}}

Latest revision as of 11:03, 29 December 2023

5(b)(ii) Tax Event.[1] Due to:
(x) any action taken by a taxing authority, or brought in a court of competent jurisdiction, on or after the date on which a Transaction is entered into (regardless of whether such action is taken or brought with respect to a party to this Agreement) or
(y) a Change in Tax Law,
the party (which will be the Affected Party) will, or there is a substantial likelihood that it will, on the next succeeding Scheduled Payment Date
(1) be required to pay to the other party an additional amount in respect of an Indemnifiable Tax under Section 2(d)(i)(4) (except in respect of interest under Section 2(e), 6(d)(ii) or 6(e)) or
(2) receive a payment from which an amount is required to be deducted or withheld for or on account of a Tax (except in respect of interest under Section 2(e), 6(d)(ii) or 6(e)) and no additional amount is required to be paid in respect of such Tax under Section 2(d)(i)(4) (other than by reason of Section 2(d)(i)(4)(A) or (B));
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