Indemnifiable Tax - ISDA Provision: Difference between revisions
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:... ''other than'' a tax which would ''not'' be imposed ''but for''... | :... ''other than'' a tax which would ''not'' be imposed ''but for''... | ||
Not only a triple negative, but since ISDAs definition of | Not only a triple negative, but since ISDAs definition of {{isdaprov|Tax}} already contains a negative (being any tax that isn’t a {{isdaprov|Stamp Tax}}) and “{{isdaprov|Indemnifiable Tax}}” is itself often used in the negative (e.g. “a tax which is [[not]] an {{isdaprov|Indemnifiable Tax}}”) — or even ''[[double negative]]'' (e.g. “''other than'' a tax which is not an {{isdaprov|Indemnifiable Tax}}”) in the body of the {{isdama}}. That makes it a '''''sextuple negative'''''. Quite a literary feat. | ||
a tax which is not an {{isdaprov|Indemnifiable Tax}}”) in the body of the {{isdama}}. That makes it a '''''sextuple negative'''''. Quite a literary feat. | |||
A need to know version is this: | A need to know version is this: |