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| {{isdasnap|Indemnifiable Tax}} | | {{nman|isda|2002|Indemnifiable Tax}} |
| ====Commentary====
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| Without wishing to be overly negative, this one truly comes from the "wow" file in indefensible drafting:
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| {{box|... ''other than'' a tax which would ''not'' be imposed ''but for''... }}
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| Not only a triple negative, but since ISDAs definition of ’{{isdaprov|Tax}} already contains a negative (it excludes {{isdaprov|Stamp Tax}}) and “{{isdaprov|Indemnifiable Tax}}” is itself often used in the negative (e.g. “a tax which is {{isdaprov|not}} an {{isdaprov|Indemnifiable Tax}}”) — or even ''[[double negative]]'' (e.g. “''other than''
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| a tax which is not an {{isdaprov|Indemnifiable Tax}}”) in the body of the {{isdama}}. That makes it a '''''sextuple negative'''''. Quite a literary feat.
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| A need to know version is this:
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| {{nuts|ISDA|Indemnifiable Tax}}
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| {{Withholding under ISDA}}
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| {{Withholding under ISDA}}
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| ====See Also====
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| See in particular Section {{isdaprov|2(d)}} ({{isdaprov|Deduction or Withholding for Tax}}).
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| {{isdaanatomy}}
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