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Template:Nutshell 2002 ISDA 2(d): Difference between revisions
Template:Nutshell 2002 ISDA 2(d) (view source)
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{{isdaprov|2(d)}} '''{{isdaprov|Deduction or Withholding for Tax}}'''. | {{isdaprov|2(d)}} '''{{isdaprov|Deduction or Withholding for Tax}}'''. <br> | ||
{{Nutshell 2002 ISDA 2(d)(i)}} | {{Nutshell 2002 ISDA 2(d)(i)}} | ||
{{Nutshell 2002 ISDA 2(d)(ii)}} | {{Nutshell 2002 ISDA 2(d)(ii)}} | ||
:(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; | ||