Template:Nutshell 2002 ISDA 4(e): Difference between revisions
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{{isdaprov|4(e)}} '''{{isdaprov|Payment of Stamp Tax}}'''. Unless incurred closing out a {{isdaprov|Transaction}} against a {{isdaprov|Defaulting Party}} (see Section {{isdaprov|11}} as to that), it will pay any {{isdaprov|Stamp Tax}} | {{isdaprov|4(e)}} '''{{isdaprov|Payment of Stamp Tax}}'''. Unless incurred closing out a {{isdaprov|Transaction}} against a {{isdaprov|Defaulting Party}} (see Section {{isdaprov|11}} as to that), it will pay any {{isdaprov|Stamp Tax}} it suffers under this {{isdaprov|Agreement}} by any {{isdaprov|Stamp Tax Jurisdiction}}, and will [[indemnify]] the other party against any {{isdaprov|Stamp Tax}} it suffers due to this {{isdaprov|Agreement}} (as long as it is not also a {{isdaprov|Stamp Tax Jurisdiction}} for the other party). <br> | ||
Revision as of 15:09, 5 April 2018
4(e) Payment of Stamp Tax. Unless incurred closing out a Transaction against a Defaulting Party (see Section 11 as to that), it will pay any Stamp Tax it suffers under this Agreement by any Stamp Tax Jurisdiction, and will indemnify the other party against any Stamp Tax it suffers due to this Agreement (as long as it is not also a Stamp Tax Jurisdiction for the other party).