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Tax
Indemnity Insurance
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| Tax Indemnity Insurance
guarantees an insured that if an insured does not obtain the particular
tax benefits anticipated in a transaction as more fully described in a tax
opinion, or in the tax years specified, that the insurer will indemnify
the insured for the full amount of the tax loss sustained, plus any ancillary
expenses. |
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| Conversely, Tax Indemnity
Insurance can be used to guarantee to an insured the specified adverse tax
consequences will not occur in the future. |
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Representation
& Warranty Coverage
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| Structural Indemnities
are designed to provide business with economic certainty as to the tax implications
of a transaction or investment, the structural integrity of a transaction's
documentation or the financial viability of seller or borrower reps & warranties.
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| Consequently, Structural
Indemnities may facilitate a business' ability to make, and effectuate,
commercial decisions in a timely fashion and in a guaranteed manner. |
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Structural
Indemnity Insurance
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| This form of coverage
can be applied to: |
. Portfolio Purchase
& Sale Indemnitites
. Portfolio Seller Reps & Warranties
. OFSC Debt "Disconnect"
. Lessee/Lessors Transaction Indemnitites |
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Synthetic
Lease Enhancements
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| This form of coverage
can be applied to: |
. "97-10" Coverage
. Condemnation Coverage
. Excess Casualty Coverage
. Builders Risk Coverage |
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Structural
Indemnity Insurance
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| Insurance can address
corporate sales, purchases, spin-offs, restructurings, derivatives, etc.,
as well as to issues pertaining to such items as hybrid securities, compensation,
and foreign transactions. |
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| There are no preconceived
restrictions on the situations to which Structural Indemnities could apply.
some of the applications are: |
. Tax Indemnity Coverage
. Representation & Warranty Coverage
. Accounting Indemnity Coverage
. Structural Warranties
. Synthetic Lease Coverage |
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