Payer Tax Representation - ISDA Provision: Difference between revisions

Payer Tax Representation - ISDA Provision (view source)

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 The usual form of the Payer Tax Representations, which you'll find in Part 2 of the Swap {{isdaprov|Schedule}}, is as follows:
-{{box|(a)	{{isdaprov|Payer Tax Representations}}: For the purposes of Section {{isdaprov|3(e)}} each party represents that it is not required by {{isdaprov|Applicable Rules}} to make any deduction or withholding for or on account of any {{isdaprov|Tax}} from any payment (other than interest under Section {{isdaprov|9(h)}}) to be made by it to the other party under this {{isdaprov|Agreement}}. In making this representation, it may rely on:
+{{box|'''{{isdaprov|Payer Tax Representations}}''': For the purposes of Section {{isdaprov|3(e)}} each party represents that it is not required by {{isdaprov|Applicable Rules}} to make any deduction or withholding for or on account of any {{isdaprov|Tax}} from any payment (other than interest under Section {{isdaprov|9(h)}}) to be made by it to the other party under this {{isdaprov|Agreement}}. In making this representation, it may rely on:
 :(i)	the accuracy of any representations made by the other party pursuant to Section {{isdaprov|3(f)}} of this {{isdaprov|Agreement}};
 :(ii)	the satisfaction of the agreement contained in Section {{isdaprov|4(a)(i)}} or {{isdaprov|4(a)(iii)}} of this {{isdaprov|Agreement}} and the accuracy and effectiveness of any document provided by the other party pursuant to Section {{isdaprov|4(a)(i)}} or {{isdaprov|4(a)(iii)}} of this {{isdaprov|Agreement}}; and