|
|
(14 intermediate revisions by the same user not shown) |
Line 1: |
Line 1: |
| {{isdasnap|Indemnifiable Tax}} | | {{nman|isda|2002|Indemnifiable Tax}} |
| ====Commentary====
| |
| From the "wow" file in truly indefensible derivatives drafting:
| |
| | |
| {{box|... ''other than'' a tax which would ''not'' be imposed ''but for''... }}
| |
| | |
| Not only a triple negative, but since the expression {{isdaprov|Indemnifiable Tax}} is itself often used in the negative (ie ''a tax which is not an {{isdaprov|Indemnifiable Tax}}'') - and even ''double'' negative (ie ''{{isdaprov|other than}} a tax which is not an {{isdaprov|Indemnifiable Tax}}'') in the body of the {{isdama}}. That makes it a '''''quintuple negative'''''. Quite a literary feat.
| |
| | |
| A need to know version is this:
| |
| {{nuts|ISDA|Indemnifiable Tax}}
| |
| {{Withholding under ISDA}}
| |
| | |
| {{Withholding under ISDA}}
| |
| | |
| ====See Also====
| |
| See in particular Section {{isdaprov|2(d)}} ({{isdaprov|Deduction or Withholding for Tax}}).
| |
| {{isdaanatomy}}
| |