Template:ISDA English Law Credit Support Deed 2018 10: Difference between revisions

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Template:ISDA English Law Credit Support Deed 2018 10 (view source)

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 {{imcsdprov|10}}. '''{{imcsdprov|Expenses}}''' <br>
-{{imcsdprov|10(a)}} '''{{imcsdprov|General}}'''. Except as otherwise provided in Paragraph {{imcsdprov|10(c)}} below, each party will pay its own costs and expenses (including any stamp, transfer or similar transaction tax or duty payable on any transfer the {{imcsdprov|Chargor}} is required to make under this {{imcsdprov|Deed}}) in connection with performing its obligations under this {{imcsdprov|Deed}} and neither party will be liable for any such costs and expenses incurred by the other party. The {{imcsdprov|Chargor}} will be liable for any costs and expenses (including any stamp, transfer or similar transaction tax or duty payable on any transfer from the {{imcsdprov|Segregated Account}}to the {{imcsdprov|Chargor}} in accordance with the terms of this Deed) incurred by the {{imcsdprov|Custodian (IM)}} in connection with performing any of its obligations to the parties in relation to this Deed. <br>
+{{imcsdprov|10(a)}} '''General'''. Except as otherwise provided in Paragraph {{imcsdprov|10(c)}} below, each party will pay its own costs and expenses (including any stamp, transfer or similar transaction tax or duty payable on any transfer the {{imcsdprov|Chargor}} is required to make under this {{imcsdprov|Deed}}) in connection with performing its obligations under this {{imcsdprov|Deed}} and neither party will be liable for any such costs and expenses incurred by the other party. The {{imcsdprov|Chargor}} will be liable for any costs and expenses (including any stamp, transfer or similar transaction tax or duty payable on any transfer from the {{imcsdprov|Segregated Account}}to the {{imcsdprov|Chargor}} in accordance with the terms of this Deed) incurred by the {{imcsdprov|Custodian (IM)}} in connection with performing any of its obligations to the parties in relation to this Deed. <br>
 {{imcsdprov|10(b)}}	'''{{imcsdprov|Posted Credit Support (IM)}}'''. The {{imcsdprov|Chargor}} will promptly pay when due all taxes, assessments or charges of any nature that are imposed with respect to {{imcsdprov|Posted Credit Support (IM)}} credited to the {{imcsdprov|Segregated Account}}s upon becoming aware of the same. <br>
 {{imcsdprov|10(c)}} '''{{imcsdprov|Liquidation/Application of Posted Credit Support (IM)}}'''. All reasonable costs and expenses incurred by or on behalf of the {{imcsdprov|Secured Party}} in connection with the liquidation, appropriation and/or application of any {{imcsdprov|Posted Credit Support (IM)}} under Paragraph {{imcsdprov|8}} will be payable, on demand, by the {{isdaprov|Defaulting Party}} or, if there is no {{isdaprov|Defaulting Party}}, equally by the parties. <br>