Template:Nutshell 1992 ISDA 11: Difference between revisions

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==={{isdaprov|11}} '''{{isdaprov|Expenses}}'''===
==={{isda92prov|11}} '''{{isda92prov|Expenses}}'''===
A {{isdaprov|Defaulting Party}} will on demand [[Indemnity|indemnify]] the {{isdaprov|Non-Defaulting Party}} for all [[reasonable]] [[costs]] — including {{isdaprov|Stamp Tax}} — that the {{isdaprov|Non-Defaulting Party}} incurs in closing out {{isdaprov|Transactions}} and enforcing its rights against the {{isdaprov|Defaulting Party}}.<br>
A {{isda92prov|Defaulting Party}} will on demand [[Indemnity|indemnify]] the {{isda92prov|Non-Defaulting Party}} for all [[reasonable]] [[costs]] — including {{isda92prov|Stamp Tax}} — that the {{isda92prov|Non-Defaulting Party}} incurs in closing out {{isda92prov|Transactions}} and enforcing its rights against the {{isda92prov|Defaulting Party}}.<br>

Latest revision as of 18:12, 27 March 2020

11 Expenses

A Defaulting Party will on demand indemnify the Non-Defaulting Party for all reasonable costs — including Stamp Tax — that the Non-Defaulting Party incurs in closing out Transactions and enforcing its rights against the Defaulting Party.

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