Gross-Up - ISDA Provision: Difference between revisions
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{{isdasnap|2(d)( | {{isdasnap|2(d)(i)|{{isdaprov|Gross-Up}}. All payments under this Agreement will be made without any deduction or<br> | ||
withholding for or on account of any {{isdaprov|Tax}} unless such deduction or withholding is required by any<br> | withholding for or on account of any {{isdaprov|Tax}} unless such deduction or withholding is required by any<br> | ||
applicable law, as modified by the practice of any relevant governmental revenue authority, then in <br>effect. If a party is so required to deduct or withhold, then that party (“X”) will:—<br> | applicable law, as modified by the practice of any relevant governmental revenue authority, then in <br>effect. If a party is so required to deduct or withhold, then that party (“X”) will:—<br> |
Revision as of 18:16, 13 July 2012
In gory detail
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