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}} 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>
{{isdaprov|4(e)}} '''{{isdaprov|Payment of Stamp Tax}}'''. Unless incurred closing out a {{isdaprov|Transaction}} against a {{isdaprov|Defaulting Party}} (as to that, see Section {{isdaprov|11}}), it will pay any {{isdaprov|Stamp Tax}} it incurs performing this {{isdaprov|Agreement}} by reason of it being in a {{isdaprov|Stamp Tax Jurisdiction}}, and will [[indemnify]] the other party against any such {{isdaprov|Stamp Tax}} that that party suffers, unless the jurisdiction in question also happens to be a {{isdaprov|Stamp Tax Jurisdiction}} for that other party. <br>

Latest revision as of 15:18, 5 April 2018

4(e) Payment of Stamp Tax. Unless incurred closing out a Transaction against a Defaulting Party (as to that, see Section 11), it will pay any Stamp Tax it incurs performing this Agreement by reason of it being in a Stamp Tax Jurisdiction, and will indemnify the other party against any such Stamp Tax that that party suffers, unless the jurisdiction in question also happens to be a Stamp Tax Jurisdiction for that other party.

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