Template:Nutshell 2002 ISDA 11: Difference between revisions
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{{isdaprov|11}} '''{{isdaprov|Expenses}}''' <br> | {{isdaprov|11}} '''{{isdaprov|Expenses}}'''<br> | ||
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 {{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> | ||
Latest revision as of 10:24, 27 July 2022
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.