83,564
edits
Template:ISDA Master Agreement 1992 2(d)(ii): Difference between revisions
Jump to navigation
Jump to search
Template:ISDA Master Agreement 1992 2(d)(ii) (view source)
Revision as of 13:37, 19 September 2019
, 19 September 2019no edit summary
Amwelladmin (talk | contribs) No edit summary |
Amwelladmin (talk | contribs) No edit summary |
||
| Line 1: | Line 1: | ||
{{isdaprov|2(d)(ii)}} '''Liability'''. If:― | {{isdaprov|2(d)(ii)}} '''Liability'''. If:― | ||
:(1) X is required by any applicable law, as modified by the practice of any relevant governmental revenue authority, to make any deduction or withholding in respect of which X would not be required to pay an additional amount to Y under Section {{isdaprov|2(d)(i)(4)}}; | :(1) X is required by any applicable law, as modified by the practice of any relevant governmental revenue authority, to make any deduction or [[withholding]] in respect of which X would not be required to pay an additional amount to Y under Section {{isdaprov|2(d)(i)(4)}}; | ||
:(2) X does not so deduct or withhold; and | :(2) X does not so deduct or withhold; and | ||
:(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, | ||
then, except to the extent Y has satisfied or then satisfies the liability resulting from such {{isdaprov|Tax}}, Y will promptly pay to X the amount of such liability (including any related liability for interest, but including any related liability for penalties only if Y has failed to comply with or perform any agreement contained in Section {{isdaprov|4(a)(i)}}, {{isdaprov|4(a)(iii)}} or {{isdaprov|4(d)}}). <br> | then, except to the extent Y has satisfied or then satisfies the liability resulting from such {{isdaprov|Tax}}, Y will promptly pay to X the amount of such liability (including any related liability for interest, but including any related liability for penalties only if Y has failed to comply with or perform any agreement contained in Section {{isdaprov|4(a)(i)}}, {{isdaprov|4(a)(iii)}} or {{isdaprov|4(d)}}). <br> | ||