|
|
(2 intermediate revisions by the same user not shown) |
Line 1: |
Line 1: |
| '''{{isdaprov|Payer Tax Representations}}'''. Under Section {{isdaprov|3(e)}} each party makes the following [[representation]]:<br>
| | {{Nutshell 2002 ISDA 3(e)}} |
| | | ---- |
| It is not required by any [[applicable law]], or governmental practice in any {{isdaprov|Relevant Jurisdiction}} to deduct or withhold any {{isdaprov|Tax}} from any payment (other than [[interest]] under Section {{gmslaprov|9(h)}}) due by it to the other party. In making this [[representation]], it may rely on: <br>
| | {{Nutshell 2002 ISDA Schedule 2(a)}} |
| :(i) the accuracy of any Section {{isdaprov|3(f)}} [[representation]]s from the other party;
| |
| :(ii) the satisfaction of the Section {{isdaprov|4(a)(i)}} or {{isdaprov|4(a)(iii)}} agreement and the effectiveness of any Section {{isdaprov|4(a)(i)}} or {{isdaprov|4(a)(iii)}} documents from the other party; and
| |
| :(iii) the satisfaction of the other party’s Section {{isdaprov|4(d)}} agreement;
| |
| It will not be a breach of this [[representation]] to rely on clause (ii) above where the other party does not deliver a Section {{isdaprov|4(a)(iii)}} document by reason of material prejudice to its legal or commercial position. <br>
| |