Template:Nutshell 1992 ISDA 11: Difference between revisions

Latest revision as of 18:12, 27 March 2020

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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	==={{~~isda92rov~~\|11}} '''{{~~isda92rov~~\|Expenses}}'''===		==={{isda92prov\|11}} '''{{isda92prov\|Expenses}}'''===
	A {{~~isda92rov~~\|Defaulting Party}} will on demand [[Indemnity\|indemnify]] the {{~~isda92rov~~\|Non-Defaulting Party}} for all [[reasonable]] [[costs]] — including {{~~isda92rov~~\|Stamp Tax}} — that the {{~~isda92rov~~\|Non-Defaulting Party}} incurs in closing out {{~~isda92rov~~\|Transactions}} and enforcing its rights against the {{~~isda92rov~~\|Defaulting Party}}.<br>		A {{isda92prov\|Defaulting Party}} will on demand [[Indemnity\|indemnify]] the {{isda92prov\|Non-Defaulting Party}} for all [[reasonable]] [[costs]] — including {{isda92prov\|Stamp Tax}} — that the {{isda92prov\|Non-Defaulting Party}} incurs in closing out {{isda92prov\|Transactions}} and enforcing its rights against the {{isda92prov\|Defaulting Party}}.<br>