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| {{fullanat2|isda|3(e)|2002|3(e)|1992}} | | {{isdaanat|3(e)|2002|3(e)|1992}} |
| ====Commentary====
| | {{isdaanat|Payer Tax Representations}} |
| The usual form of the Payer Tax Representations, which you'll find in Part 2 of the Swap {{isdaprov|Schedule}}, is as follows: | | The usual form of the Payer Tax Representations, which you'll find in Part 2 of the Swap {{isdaprov|Schedule}}, is as follows: |
| | | {{ISDA Payer Tax Representations Schedule}} |
| '''{{isdaprov|Payer Tax Representations}}''': For the purposes of Section {{isdaprov|3(e)}} each party represents that it is not required by [[applicable rules]] to make any deduction or withholding for or on account of any {{isdaprov|Tax}} from any payment (other than interest under Section {{isdaprov|9(h)}}) to be made by it to the other party under this {{isdaprov|Agreement}}. In making this representation, it may rely on:
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| :(i) the accuracy of any representations made by the other party pursuant to Section {{isdaprov|3(f)}} of this {{isdaprov|Agreement}};
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| :(ii) the satisfaction of the agreement contained in Section {{isdaprov|4(a)(i)}} or {{isdaprov|4(a)(iii)}} of this {{isdaprov|Agreement}} and the accuracy and effectiveness of any document provided by the other party pursuant to Section {{isdaprov|4(a)(i)}} or {{isdaprov|4(a)(iii)}} of this {{isdaprov|Agreement}}; and
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| :(iii) the satisfaction of the agreement of the other party contained in Section {{isdaprov|4(d)}} of this Agreement, except that it will not be a breach of this representation where reliance is placed on clause (ii) above and the other party does not deliver a form or document under Section {{isdaprov|4(a)(iii)}} by reason of material prejudice to its legal or commercial position.
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| {{withholding under ISDA}} | | {{withholding under ISDA}} |
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| ====See Also====
| | {{sa}} |
| *{{isdaprov|Tax}} | | *{{isdaprov|Tax}} |
| *{{isdaprov|Gross-Up}} | | *{{isdaprov|Gross-Up}} |
| *{{isdaprov|Furnish Specified Information}} | | *{{isdaprov|Furnish Specified Information}} |
| {{isdaanatomy}} | | {{isdaanatomy}} |