Template:Isda Indemnifiable Tax summ

From The Jolly Contrarian
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Negatives, negatives, everywhere

Without wishing to be overly negative[1], this one truly comes from the "wow" file in indefensible drafting:

... other than a tax which would not be imposed but for...

Not only a triple negative, but since the squad’s definition of {{{{{1}}}|Tax}} already contains a negative (being any tax that isn’t a {{{{{1}}}|Stamp Tax}}) and “{{{{{1}}}|Indemnifiable Tax}}” is itself often used in the negative (e.g. “a tax which is not an {{{{{1}}}|Indemnifiable Tax}}”) — or even double negative (e.g. “other than a tax which is not an {{{{{1}}}|Indemnifiable Tax}}”) in the body of the ISDA Master Agreement. That makes it a sextuple negative. Beat that ISLA.

  1. All right, I do wish to be overly negative. It’s in my nature.