Template:Nutshell 2002 ISDA 2(d): Difference between revisions

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{{isdaprov|2(d)}} '''{{isdaprov|Deduction or Withholding for Tax}}'''.
{{isdaprov|2(d)}} '''{{isdaprov|Deduction or Withholding for Tax}}'''.
:(i) {{isdaprov|Gross-Up}}. The parties must pay without withholding unless required by law. Where a payer has to withhold, it must:—
:(i) '''{{isdaprov|Gross-Up}}'''. The parties must pay without withholding unless required by law. Where a payer has to withhold, it must:—
::(1) promptly tell the recipient;
::(1) promptly tell the recipient;
::(2) promptly pay the withheld amount to the relevant authorities (including the withholding on any required {{isdaprov|gross-up}});
::(2) promptly pay the withheld amount to the relevant authorities (including the withholding on any required {{isdaprov|gross-up}});

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