Common use of 1031 Exchange Clause in Contracts

1031 Exchange. If either Seller or Buyer wish to enter into a like-kind exchange (either simultaneously with 229 closing or after) under Section 1031 of the Internal Revenue Code (“Exchange”), the other party will cooperate 230 in all reasonable respects to effectuate the Exchange including executing documents, provided, however, that 231 the cooperating party will incur no liability or cost related to the Exchange and that the closing will not be 232 contingent upon, extended, or delayed by the Exchange.

Appears in 12 contracts

Sources: Vacant Land Contract, Sale and Purchase Agreement, Sale and Purchase Agreement

1031 Exchange. If either Seller or Buyer wish to enter into a like-kind exchange (either simultaneously with 229 closing 591 Closing or afterdeferred) under Section 1031 of the Internal Revenue Code (“Exchange”), the other party will shall cooperate 230 592 in all reasonable respects to effectuate the Exchange Exchange, including executing execution of documents, ; provided, however, that 231 the 593 cooperating party will shall incur no liability or cost expense related to the Exchange Exchange, and that the closing will Closing shall not be 232 contingent 594 upon, extended, nor extended or delayed by the by, such Exchange.

Appears in 3 contracts

Sources: Residential Contract for Sale and Purchase, Residential Contract for Sale and Purchase, Residential Contract for Sale and Purchase

1031 Exchange. If either Seller or Buyer wish to enter into a like-kind exchange (either simultaneously with 229 closing or after) under Section 1031 of the Internal Revenue Code ("Exchange"), the other party will cooperate 230 in all reasonable respects to effectuate the Exchange including executing documents, provided, however, that 231 the cooperating party will incur no liability or cost related to the Exchange and that the closing will not be 232 contingent upon, extended, or delayed by the Exchange.

Appears in 3 contracts

Sources: Sale and Purchase Agreement, Sale and Purchase Agreement, Purchase and Sale Agreement

1031 Exchange. If either Seller or Buyer wish to enter into a like-kind exchange (either simultaneously with 229 224 closing or after) under Section 1031 of the Internal Revenue Code ("Exchange"), the other party will 225 cooperate 230 in all reasonable respects to effectuate the Exchange including executing documents, provided, 226 however, that 231 the cooperating party will incur no liability or cost related to the Exchange and that the closing 227 will not be 232 contingent upon, extended, or delayed by the Exchange.

Appears in 1 contract

Sources: Vacant Land Contract