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

Deduction or Withholding for Tax - ISDA Provision (view source)

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 {{fullanat2|isda|2(d)|2002|2(d)|1992}}
+You can revel in the full heft of these provisions at right.
-You can revel in the full heft of these provisions in below. Observant and obedient scholars will notice that the {{1992ma}} and the {{2002ma}} versions are, more or less, identical. Observant and less obedient scholars will remark what a pig’s ear the ISDA drafting committee made of a relatively simple concept and, given a once-in-a-decade opportunity to improve it in 2002, the combined intellectual might of ISDA, its members, friends and relations, and their divers [[mediocre lawyer|counsel]], retinue and entourage, couldn’t. Or didn’t.
+Observant and obedient scholars will notice that the {{1992ma}} and the {{2002ma}} versions are, [[more or less]], identical. Observant and ''less'' obedient scholars will remark what a pig’s ear the ISDA drafting committee made of a relatively simple concept and, when given a once-in-a-decade opportunity to improve it in 2002, the combined intellectual might of {{tag|ISDA}}, its members, friends, relations and their divers [[mediocre lawyer|counsel]], retinue and entourage, couldn’t.
+Or didn’t.
+This is, therefore, [[Q.E.D]], 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}}
 {{Withholding under ISDA}}