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

:{{isdaprov|5(b)(ii)}} '''{{isdaprov|Tax Event}}'''. Due to  

::(x) any action taken by a taxing authority, or brought in a court of competent jurisdiction, on or after the date on which a {{isdaprov|Transaction}} is entered into (regardless of whether such action is taken or brought with respect to a party to this {{isdaprov|Agreement}}) or

::(y) a {{isdaprov|Change in Tax Law}},

:the party (which will be the {{isdaprov|Affected Party}}) will, or there is a substantial likelihood that it will, on the next succeeding {{isdaprov|Scheduled Payment Date}}  

::(1) be required to pay to the other party an additional amount in respect of an {{isdaprov|Indemnifiable Tax}} under Section 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 is required to be deducted or withheld for or on account of a {{isdaprov|Tax}} (except in respect of interest under Section {{isdaprov|2(e)}}, {{isdaprov|6(d)(ii)}} or {{isdaprov|6(e)}}) and no additional amount is required to be paid in respect of such {{isdaprov|Tax}} under Section {{isdaprov|2(d)(i)(4)}} (other than by reason of Section {{isdaprov|2(d)(i)(4)}}(A) or (B)); <br>