82,891
edits
Template:M summ 2002 ISDA 4: Difference between revisions
no edit summary
Amwelladmin (talk | contribs) No edit summary |
Amwelladmin (talk | contribs) No edit summary |
||
| Line 4: | Line 4: | ||
'''Section {{isdaprov|4(b)}}''': {{isda 4(b) summ|isdaprov}} | '''Section {{isdaprov|4(b)}}''': {{isda 4(b) summ|isdaprov}} | ||
'''Section {{isdaprov|4(c)}}: Hardly controversial that one must obey the law, but note this apparently inoffensive [[covenant]] converts that general public obligation into a [[Contractual damages|private civil one]], with definitive commercial consequences to your counterparty, hence the couching of the language in terms of materiality (twice) and specific ability to perform obligations under the {{isdama}}. | |||
'''Section {{isdaprov|4(e)}}''': Basically, if there is any {{isdaprov|Stamp Tax}} imposed because of my existence or residence in a certain jurisdiction, whether imposed on me or you, I’ll pay it, unless it would have been imposed on you too. If we’re both in the same {{isdaprov|Stamp Tax Jurisdiction}}, the liability lies where it falls. | '''Section {{isdaprov|4(e)}}''': Basically, if there is any {{isdaprov|Stamp Tax}} imposed because of my existence or residence in a certain jurisdiction, whether imposed on me or you, I’ll pay it, unless it would have been imposed on you too. If we’re both in the same {{isdaprov|Stamp Tax Jurisdiction}}, the liability lies where it falls. | ||