Tax Amendments. Notwithstanding the definition of “Indemnifiable Tax” in Section 14 of this Agreement, in relation to payments by the Counterparty, any Tax shall be an Indemnifiable Tax and, in relation to payments by the Trust, no Tax shall be an Indemnifiable Tax. In addition, Section 2(d)(ii) of this Agreement shall not apply to the Trust as Y and the Trust shall not be required to pay any additional amounts referred to therein.
Appears in 5 contracts
Samples: 2002 Master Agreement (Verizon Master Trust), 2002 Master Agreement (Verizon Master Trust), 2002 Master Agreement
Tax Amendments. (i) Notwithstanding the definition of “Indemnifiable Tax” in Section 14 of this Agreement, in relation to payments by the Counterparty, any Tax shall be an Indemnifiable Tax and, in relation to payments by the Trust, no Tax shall be an Indemnifiable Tax. In addition, Section section 2(d)(ii) of this Agreement shall not apply to the Trust as Y and the Trust shall not be required to pay any additional amounts referred to therein.
Appears in 2 contracts
Samples: Isda Master Agreement, Isda Master Agreement (SLM Private Credit Student Loan Trust 2007-A)
Tax Amendments. (i) Notwithstanding the definition of “Indemnifiable Tax” in Section 14 of this Agreement, in relation to payments by the Counterparty, any Tax shall be an Indemnifiable Tax and, in relation to payments by the Trust, no Tax shall be an Indemnifiable Tax. In addition, Section 2(d)(ii) of this Agreement shall not apply to the Trust as Y and the Trust shall not be required to pay any additional amounts referred to therein.
Appears in 2 contracts
Samples: Isda Master Agreement (SLC Student Loan Trust 2008-1), Interest Cap Agreement (SLM Student Loan Trust 2007-6)
Tax Amendments. (i) Notwithstanding the definition of “Indemnifiable Tax” in Section 14 of this Agreement, in relation to payments by the Counterparty, any Tax shall be an Indemnifiable Tax and, in relation to payments by the Trust, no Tax shall be an Indemnifiable Tax. In addition, Section 2(d)(ii) of this Agreement shall not apply to the Trust as Y and the Trust shall not be required to pay any additional amounts referred to therein.
Appears in 2 contracts
Samples: Isda Master Agreement (SLM Student Loan Trust 2006-10), Isda Master Agreement (SLM Student Loan Trust 2007-4)
