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Tax - ISDA Provision: Difference between revisions
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{{ | {{isdaanat|Tax}} | ||
(''NB - the {{1992ma}} and {{2002ma}} versions are '''identical''') | (''NB - the {{1992ma}} and {{2002ma}} versions are '''identical''') | ||
====Commentary==== | ====Commentary==== | ||
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*'''Section {{isdaprov|2(d)}}''': All payments are made without withholding or deduction unless required by law, and (where withholding IS required by law and the {{isdaprov|Tax}} is an {{isdaprov|Indemnifiable Tax}}) a {{tag|gross-up}} is required. | *'''Section {{isdaprov|2(d)}}''': All payments are made without withholding or deduction unless required by law, and (where withholding IS required by law and the {{isdaprov|Tax}} is an {{isdaprov|Indemnifiable Tax}}) a {{tag|gross-up}} is required. | ||
*'''Section {{isdaprov|4(e)}}''': Each party pays its own {{isdaprov|Stamp Tax}} on execution of the {{isdaprov|Agreement}} (and [[Indemnity|indemnifies]] the other party if its taxing jurisdiction imposes about a stampable amount on the other party) | *'''Section {{isdaprov|4(e)}}''': Each party pays its own {{isdaprov|Stamp Tax}} on execution of the {{isdaprov|Agreement}} (and [[Indemnity|indemnifies]] the other party if its taxing jurisdiction imposes about a stampable amount on the other party) | ||