82,979
edits
Indemnifiable Tax - ISDA Provision: Difference between revisions
Indemnifiable Tax - ISDA Provision (view source)
Revision as of 10:31, 6 January 2017
, 6 January 2017no edit summary
Amwelladmin (talk | contribs) |
Amwelladmin (talk | contribs) No edit summary |
||
| Line 1: | Line 1: | ||
{{ | {{fullanat2|isda|Indemnifiable Tax|1992|Indemnifiable Tax|2002}} | ||
====Commentary==== | ====Commentary==== | ||
Without wishing to be overly negative, this one truly comes from the "wow" file in indefensible drafting: | Without wishing to be overly negative, this one truly comes from the "wow" file in indefensible drafting: | ||
:... ''other than'' a tax which would ''not'' be imposed ''but for''... | |||
Not only a triple negative, but since ISDAs definition of ’{{isdaprov|Tax}} already contains a negative (it excludes {{isdaprov|Stamp Tax}}) and “{{isdaprov|Indemnifiable Tax}}” is itself often used in the negative (e.g. “a tax which is {{isdaprov|not}} an {{isdaprov|Indemnifiable Tax}}”) — or even ''[[double negative]]'' (e.g. “''other than'' | Not only a triple negative, but since ISDAs definition of ’{{isdaprov|Tax}} already contains a negative (it excludes {{isdaprov|Stamp Tax}}) and “{{isdaprov|Indemnifiable Tax}}” is itself often used in the negative (e.g. “a tax which is {{isdaprov|not}} an {{isdaprov|Indemnifiable Tax}}”) — or even ''[[double negative]]'' (e.g. “''other than'' | ||
| Line 10: | Line 10: | ||
A need to know version is this: | A need to know version is this: | ||
{{nuts|ISDA|Indemnifiable Tax}} | {{nuts|ISDA|Indemnifiable Tax}} | ||
{{Withholding under ISDA}} | {{Withholding under ISDA}} | ||