Template:ISDA Master Agreement 1992 5(b)(ii): Difference between revisions
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:[[Tax Event - ISDA Provision|5(b)(ii)]] '''{{ | :[[Tax Event - ISDA Provision|5(b)(ii)]] '''{{isda92prov|Tax Event}}'''. 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 {{ | ::(x) any action taken by a taxing authority, or brought in a court of competent jurisdiction, on or after the date on which a {{isda92prov|Transaction}} is entered into (regardless of whether such action is taken or brought with respect to a party to this {{isda92prov|Agreement}}) or | ||
::(y) a {{ | ::(y) a {{isda92prov|Change in Tax Law}}, | ||
:the party (which will be the {{ | :the party (which will be the {{isda92prov|Affected Party}}) will, or there is a substantial likelihood that it will, on the next succeeding {{isda92prov|Scheduled Payment Date}} | ||
::(1) be required to pay to the other party an additional amount in respect of an {{ | ::(1) be required to pay to the other party an additional amount in respect of an {{isda92prov|Indemnifiable Tax}} under Section 2(d)(i)(4) (except in respect of interest under Section {{isda92prov|2(e)}}, {{isda92prov|6(d)(ii)}} or {{isda92prov|6(e)}}) or | ||
::(2) receive a payment from which an amount is required to be deducted or withheld for or on account of a {{ | ::(2) receive a payment from which an amount is required to be deducted or withheld for or on account of a {{isda92prov|Tax}} (except in respect of interest under Section {{isda92prov|2(e)}}, {{isda92prov|6(d)(ii)}} or {{isda92prov|6(e)}}) and no additional amount is required to be paid in respect of such {{isda92prov|Tax}} under Section {{isda92prov|2(d)(i)(4)}} (other than by reason of Section {{isda92prov|2(d)(i)(4)}}(A) or (B)); <br> | ||
:{{linebreaks}} | :{{linebreaks}} |