Indemnifiable Tax - ISDA Provision: Difference between revisions

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Not only a triple negative, but since ISDAs definition of {{isdaprov|Tax}} already contains a negative (being any tax that isn’t a {{isdaprov|Stamp Tax}}) and “{{isdaprov|Indemnifiable Tax}}” is itself often used in the negative (e.g. “a tax which is [[not]] an {{isdaprov|Indemnifiable Tax}}”) — or even ''[[double negative]]'' (e.g. “''other than'' a tax which is not an {{isdaprov|Indemnifiable Tax}}”) in the body of the {{isdama}}. That makes it a '''''sextuple negative'''''. Quite a literary feat.
Not only a triple negative, but since ISDAs definition of {{isdaprov|Tax}} already contains a negative (being any tax that isn’t a {{isdaprov|Stamp Tax}}) and “{{isdaprov|Indemnifiable Tax}}” is itself often used in the negative (e.g. “a tax which is [[not]] an {{isdaprov|Indemnifiable Tax}}”) — or even ''[[double negative]]'' (e.g. “''other than'' a tax which is not an {{isdaprov|Indemnifiable Tax}}”) in the body of the {{isdama}}. That makes it a '''''sextuple negative'''''. Quite a literary feat.
 
====In a {{nutshell}}====
A need to know version is this:
A need to know version is this:
{{nuts|ISDA|Indemnifiable Tax}}
:{{Nutshell ISDA Indemnifiable Tax}}
{{Withholding under ISDA}}
{{Withholding under ISDA}}
====See Also====
====See Also====
See in particular Section {{isdaprov|2(d)}} ({{isdaprov|Deduction or Withholding for Tax}}).
See in particular Section {{isdaprov|2(d)}} ({{isdaprov|Deduction or Withholding for Tax}}).
{{isdaanatomy}}
 
{{ref}}

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