Template:ISDA Master Agreement 1992 5(b)(iii): Difference between revisions

:{{isdaprov|5(b)(iii)}} '''{{isdaprov|Tax Event Upon Merger}}'''. The party (the “'''{{isdaprov|Burdened Party}}'''”) on the next succeeding {{isdaprov|Scheduled Payment Date}} will either (1) be required to pay an additional amount in respect of an {{isdaprov|Indemnifiable Tax}} under Section {{isdaprov|2(d)(i)(4)}} (except in respect of [[interest]] under Section {{isdaprov|2(e)}}, {{isdaprov|6(d)(ii)}} or {{isdaprov|6(e)}}) or (2) receive a payment from which an amount has been deducted or withheld for or on account of any {{isdaprov|Indemnifiable Tax}} in respect of which the other party is not required to pay an additional amount (other than by reason of Section {{isdaprov|2(d)(i)(4)(A)}} or (B)), in either case as a result of a party consolidating or amalgamating with, or merging with or into, or transferring all or substantially all its assets to, another entity (which will be the {{isdaprov|Affected Party}}) where such action does not constitute an event described in Section {{isdaprov|5(a)(viii)}}; <br>