Template:Nutshell 2002 ISDA 4(e): Difference between revisions

Template:Nutshell 2002 ISDA 4(e) (view source)

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	{{isdaprov\|4(e)}} '''{{isdaprov\|Payment of Stamp Tax}}'''. Unless incurred closing out a {{isdaprov\|Transaction}} against a {{isdaprov\|Defaulting Party}} (see Section {{isdaprov\|11}} ~~as to that~~), it will pay any {{isdaprov\|Stamp Tax}} it ~~suffers under~~ this {{isdaprov\|Agreement}} by ~~any~~ {{isdaprov\|Stamp Tax Jurisdiction}}, and will [[indemnify]] the other party against any {{isdaprov\|Stamp Tax}} it suffers ~~due~~ to ~~this {{isdaprov\|Agreement}} (as long as it is not also~~ a {{isdaprov\|Stamp Tax Jurisdiction}} for ~~the~~ other party). <br>		{{isdaprov\|4(e)}} '''{{isdaprov\|Payment of Stamp Tax}}'''. Unless incurred closing out a {{isdaprov\|Transaction}} against a {{isdaprov\|Defaulting Party}} (as to that, see Section {{isdaprov\|11}}), it will pay any {{isdaprov\|Stamp Tax}} it incurs performing this {{isdaprov\|Agreement}} by reason of it being in a {{isdaprov\|Stamp Tax Jurisdiction}}, and will [[indemnify]] the other party against any such {{isdaprov\|Stamp Tax}} that that party suffers, unless the jurisdiction in question also happens to be a {{isdaprov\|Stamp Tax Jurisdiction}} for that other party. <br>