Tax Event Upon Merger - 1992 ISDA Provision

From The Jolly Contrarian
Jump to navigation Jump to search

1992 ISDA Master Agreement
A Jolly Contrarian owner’s manual

Section 5(b)(iii) in a Nutshell
Use at your own risk, campers!

Template:Nutshell 1992 ISDA 5(b)(iii) view template

Section 5(b)(iii) in full

5(b)(iii) Tax Event Upon Merger. The party (the “Burdened Party”) on the next succeeding Scheduled Payment Date will either (1) be required to pay an additional amount in respect of an Indemnifiable Tax under Section 2(d)(i)(4) (except in respect of interest under Section 2(e), 6(d)(ii) or 6(e)) or (2) receive a payment from which an amount has been deducted or withheld for or on account of any Indemnifiable Tax in respect of which the other party is not required to pay an additional amount (other than by reason of Section 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 Affected Party) where such action does not constitute an event described in Section 5(a)(viii);

view template

Related agreements and comparisons

Related Agreements
Click here for the text of Section Tax Event Upon Merger in the 2002 ISDA
Comparisons
Template:Isdadiff Tax Event Upon Merger

Resources and navigation

Resources Wikitext | Nutshell wikitext | 2002 ISDA wikitext | 2002 vs 1992 Showdown | 2006 ISDA Definitions | 2008 ISDA
Navigation Preamble | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14
Events of Default: 5(a)(i) Failure to Pay or Deliver5(a)(ii) Breach of Agreement5(a)(iii) Credit Support Default5(a)(iv) Misrepresentation5(a)(v) Default Under Specified Transaction5(a)(vi) Cross Default5(a)(vii) Bankruptcy5(a)(viii) Merger Without Assumption
Termination Events: 5(b)(i) Illegality5(b)(ii) Tax Event5(b)(iii) Tax Event Upon Merger5(b)(iv) Credit Event Upon Merger5(b)(v) Additional Termination Event

Index — Click ᐅ to expand:

Get in touch
Comments? Questions? Suggestions? Requests? Sign up for our newsletter? Questions? We’d love to hear from you.
BREAKING: Get the new weekly newsletter here Old editions here

Content and comparisons

Template:M comp disc 1992 ISDA 5(b)(iii)
Template

Summary

Template:M summ 1992 ISDA 5(b)(iii)
Template

General discussion

Template:M gen 1992 ISDA 5(b)(iii)
Template

See also

Template:M sa 1992 ISDA 5(b)(iii)
Template

References