Template:ISDA Master Agreement 2002 2(d)(ii): Difference between revisions

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(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>

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