Indemnifiable Tax - ISDA Provision: Difference between revisions

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{{isdasnap|Indemnifiable Tax}}
#redirect[[Tax Event - ISDA Provision]]
====Commentary====
From the "wow" file in truly indefensible derivatives drafting:
 
{{box|... ''other than'' a tax which would ''not'' be imposed ''but for''... }}
 
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.
 
A need to know version is this:
{{nuts|ISDA|Indemnifiable Tax}}
{{Withholding under ISDA}}
 
{{Withholding under ISDA}}
 
====See Also====
See in particular Section {{isdaprov|2(d)}} ({{isdaprov|Deduction or Withholding for Tax}}).
{{isdaanatomy}}

Latest revision as of 13:43, 15 August 2024