Tax Event Upon Merger - 1992 ISDA Provision

From The Jolly Contrarian
Jump to navigation Jump to search

1992 ISDA Master Agreement
A Jolly Contrarian owner’s manual™

Resources and navigation

Section 5(b)(iii) in a Nutshell

Use at your own risk, campers!

Full text of Section 5(b)(iii)

5(b)(iii) Tax Event Upon Merger. The party (the “Burdened Party”) on the next succeeding Scheduled Payment Date will either (1) be required to pay an additional amount in respect of an Indemnifiable Tax under Section 2(d)(i)(4) (except in respect of interest under Section 2(e), 6(d)(ii) or 6(e)) or (2) receive a payment from which an amount has been deducted or withheld for or on account of any Indemnifiable Tax in respect of which the other party is not required to pay an additional amount (other than by reason of Section 2(d)(i)(4)(A) or (B)), in either case as a result of a party consolidating or amalgamating with, or merging with or into, or transferring all or substantially all its assets to, another entity (which will be the Affected Party) where such action does not constitute an event described in Section 5(a)(viii);

Related agreements and comparisons

Related Agreements
Click here for the text of Section 5(b)(iii) in the 2002 ISDA
Template:Isdadiff 5(b)(iii)

Comments? Questions? Suggestions? Requests? Insults? We’d love to 📧 hear from you.
Sign up for our newsletter.

Content and comparisons

Template:M comp disc 1992 ISDA 5(b)(iii)



Template:M summ 1992 ISDA 5(b)(iii)


General discussion

Template:M gen 1992 ISDA 5(b)(iii)


See also

Template:M sa 1992 ISDA 5(b)(iii)