Template:ISDA Master Agreement 2002 5(b)(iii): Difference between revisions

{{isdaprov|5(b)(iii)}} '''{{isdaprov|Tax Event}}'''. Due to (1) any action taken by a taxing authority, or brought in a court of competent jurisdiction, after a {{isdaprov|Transaction}} is entered into (regardless of whether such action is taken or brought with respect to a party to this Agreement) or (2) a {{isdaprov|Change in Tax Law}}, the party (which will be the Affected Party) will, or there is a substantial likelihood that it will, on the next succeeding {{isdaprov|Scheduled Settlement Date}} (A) be required to pay to the other party 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|9(h)}}) or (B) 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|9(h)}}) 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>