Template:ISDA Master Agreement 2002 11: Difference between revisions
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{{isdaprov|11}} '''{{isdaprov|Expenses}}'''. A {{isdaprov|Defaulting Party}} will on demand [[Indemnity|indemnify]] and [[hold harmless]] the other party for and against all reasonable out-of-pocket expenses, including legal fees, execution fees and {{isdaprov|Stamp Tax}}, incurred by such other party by reason of the enforcement and protection of its rights under this {{isdaprov|Agreement}} or any {{isdaprov|Credit Support Document}} to which the {{isdaprov|Defaulting Party}} is a party or by reason of the early termination of any {{isdaprov|Transaction}}, including, but not limited to, <br> costs of collection. <br> | |||
Revision as of 19:41, 16 November 2016
11 Expenses. A Defaulting Party will on demand indemnify and hold harmless the other party for and against all reasonable out-of-pocket expenses, including legal fees, execution fees and Stamp Tax, incurred by such other party by reason of the enforcement and protection of its rights under this Agreement or any Credit Support Document to which the Defaulting Party is a party or by reason of the early termination of any Transaction, including, but not limited to,
costs of collection.