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Indemnifiable Tax - ISDA Provision: Difference between revisions
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{{isdaanat|Indemnifiable Tax}} | {{isdaanat|Indemnifiable Tax}} | ||
Without wishing to be overly negative<ref>All right, I ''do'' wish to be overly negative. It’s in my nature.</ref>, this one truly comes from the "wow" file in indefensible drafting: | ===Negatives, negatives, everywhere === | ||
Without wishing to be overly [[negative]]<ref>All right, I ''do'' wish to be overly negative. It’s in my nature.</ref>, this one truly comes from the "wow" file in indefensible drafting: | |||
:... ''other than'' a tax which would ''not'' be imposed ''but for''... | :... ''other than'' a tax which would ''not'' be imposed ''but for''... | ||
Not only a [[triple negative]], but since ISDA’s 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 | Not only a [[triple negative]], but since ISDA’s 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]]'''. Beat ''that'' {{ISLA}}. | ||
{{Withholding under ISDA}} | {{Withholding under ISDA}} | ||
==={{isdaprov|Stamp Tax}}es=== | ==={{isdaprov|Stamp Tax}}es=== | ||