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Template:ISDA Master Agreement 2002 2(d)(ii): Difference between revisions
Template:ISDA Master Agreement 2002 2(d)(ii) (view source)
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Amwelladmin (talk | contribs) (Created page with "{{isdaprov|2(d)(ii)}} Liability. If:― <br> :(1) X is required by any applicable law, as modified by the practice of any relevant governmental revenue authority, to make any ...") |
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{{isdaprov|2(d)(ii)}} Liability. If:― <br> | {{isdaprov|2(d)(ii)}} Liability. If:― <br> | ||
:(1) X is required by any applicable law, as modified by the practice of any relevant | :(1) X is required by any applicable law, as modified by the practice of any relevant <br> | ||
governmental revenue authority, to make any deduction or withholding in respect of which X would | governmental revenue authority, to make any deduction or withholding in respect of which X would <br> | ||
not be required to pay an additional amount to Y under Section {{isdaprov|2(d)(i)(4)}}; | not be required to pay an additional amount to Y under Section {{isdaprov|2(d)(i)(4)}};<br> | ||
:(2) X does not so deduct or withhold; and | :(2) X does not so deduct or withhold; and<br> | ||
:(3) a liability resulting from such {{isdaprov|Tax}} is assessed directly against X, | :(3) a liability resulting from such {{isdaprov|Tax}} is assessed directly against X,<br> | ||
then, except to the extent Y has satisfied or then satisfies the liability resulting from such {{isdaprov|Tax}}, Y will | then, except to the extent Y has satisfied or then satisfies the liability resulting from such {{isdaprov|Tax}}, Y will <br> | ||
promptly pay to X the amount of such liability (including any related liability for interest, but including any | promptly pay to X the amount of such liability (including any related liability for interest, but including any <br> | ||
related liability for penalties only if Y has failed to comply with or perform any agreement contained in | related liability for penalties only if Y has failed to comply with or perform any agreement contained in <br> | ||
Section {{isdaprov|4(a)(i)}}, {{isdaprov|4(a)(iii)}} or {{isdaprov|4(d)}}). | Section {{isdaprov|4(a)(i)}}, {{isdaprov|4(a)(iii)}} or {{isdaprov|4(d)}}). <br> | ||