Deduction or Withholding for Tax - ISDA Provision: Difference between revisions

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{{tocbuilder|ISDA|2002|2(d)}}
{{tocbuilder|ISDA|2002|2(d)}}
====Commentary====
====Commentary====
You can revel in the full heft of these provisions in below. Observant and diligent scholars will notice that the {{1992ma}} and the {{2002ma}} versions of this clause, more or less, identical. Observant and less obedient scholars will remark how much of a pig's ear the ISDA drafting committee can make of drafting a relatively simple concept and, given a once-in-a-decade opportunity to improve its first attempt in the {{1992ma}}, how in 2002 the combined intellectual might of ISDA, its members, friends and relations, and their divers counsel, retinue and entourage, couldn't.
You can revel in the full heft of these provisions in below. Observant and diligent scholars will notice that the {{1992ma}} and the {{2002ma}} versions of this clause, more or less, identical. Observant and less obedient scholars will remark how much of a pig’s ear the ISDA drafting committee can make of drafting a relatively simple concept and, given a once-in-a-decade opportunity to improve its first attempt in the {{1992ma}}, how in 2002 the combined intellectual might of ISDA, its members, friends and relations, and their divers [[mediocre lawyer|counsel]], retinue and entourage, couldn’t


This is, therefore, the apex of all possible derivatives drafting. Especially the triple negative in {{isdaprov|Indemnifiable Tax}}. Make you feel great to be alive, doesn't it. I bet you wish it could be simplified. Here: let *me* have a go.
This is, therefore, the apex of all possible derivatives drafting. Especially the triple negative in {{isdaprov|Indemnifiable Tax}}. Make you feel great to be alive, doesn’t it. I bet you wish it could be simplified. Here: let *me* have a go.


{{nuts|ISDA|Gross-Up}}
{{nuts|ISDA|Gross-Up}}

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