From The Jolly Contrarian
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| {{isdasnap|Indemnifiable Tax}}
| | #redirect[[Tax Event - ISDA Provision]] |
| ====Commentary====
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| From the "Wow" file in truly indefensible derivatives drafting:
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| {{box|... {{isdaprov|other than}} a tax which {{isdaprov|would}} not be imposed {{isdaprov|but for}}...". }}
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| Not only a triple negative, but since the expression {{isdaprov|Indemnifiable Tax}} is itself often used in the negative (ie ''a tax which is not an {{isdaprov|Indemnifiable Tax}}'') - and even ''double'' negative (ie ''{{isdaprov|other than}} a tax which is not an {{isdaprov|Indemnifiable Tax}}'') in the body of the {{isdama}}. That makes it a '''''quintuple negative'''''. Quite a literary feat.
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| A need to know version is this:
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| {{nuts|ISDA|Indemnifiable Tax}}
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| {{Withholding under ISDA}}
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| {{Withholding under ISDA}}
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| ====See Also====
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| See in particular Section {{isdaprov|2(d)}} ({{isdaprov|Deduction or Withholding for Tax}}).
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| {{isdaanatomy}}
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Latest revision as of 13:43, 15 August 2024