Template:ISDA Master Agreement 1992 11: Difference between revisions
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{{ | {{isda92prov|11}} '''{{isda92prov|Expenses}}'''. A {{isda92prov|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 and {{isda92prov|Stamp Tax}}, incurred by such other party by reason of the enforcement and protection of its rights under this {{isda92prov|Agreement}} or any {{isda92prov|Credit Support Document}} to which the {{isda92prov|Defaulting Party}} is a party or by reason of the early termination of any {{isda92prov|Transaction}}, including, but not limited to, costs of collection. <br> | ||
Latest revision as of 18:56, 2 February 2020
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 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.