Common use of BUYER EXCHANGE Clause in Contracts

BUYER EXCHANGE. Seller agrees to cooperate should Buyer elect to purchase the Property as part of a like-kind exchange under IRC Section 1031. Buyer's contemplated exchange shall not impose upon Seller any additional liability or financial obligation, and Buyer agrees to hold Seller harmless from any liability that might arise from such exchange. This Agreement is not subject to or contingent upon Buyer's ability to dispose of its exchange property or effectuate an exchange. In the event any exchange contemplated by Buyer should fail to occur, for whatever reason, the sale of the Property shall nonetheless be consummated as provided herein.

Appears in 8 contracts

Samples: Purchase Agreement (LIVE VENTURES Inc), Earnest Money Contract (Elevate.Money REIT I, Inc.), Purchase Agreement

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BUYER EXCHANGE. Seller agrees to cooperate should Buyer elect to purchase the Property as part of a like-kind exchange under IRC Section 1031. Buyer's ’s contemplated exchange shall not impose upon Seller any additional liability or financial obligation, and Buyer agrees to hold Seller harmless from any liability that might arise from such exchange. This Agreement is not subject to or contingent upon Buyer's ’s ability to dispose of its exchange property or effectuate an exchange. In the event any exchange contemplated by Buyer should fail to occur, for whatever reason, the sale of the Property shall nonetheless be consummated as provided herein.

Appears in 3 contracts

Samples: Purchase and Sale Agreement (MJ Holdings, Inc.), Purchase Agreement (Eaco Corp), Purchase Agreement (NNN Healthcare/Office REIT, Inc.)

BUYER EXCHANGE. Seller agrees and Xxxxx agree to cooperate should Buyer the other elect to purchase the Property or other real property as part of a like-kind exchange under IRC Section section 1031. Buyer's Any contemplated exchange shall not impose upon Seller the cooperating party any additional liability or financial obligation, and Buyer or Seller, as appropriate agrees to hold Seller the other harmless from any liability that might arise from such exchange. This Agreement is not subject to or contingent upon Buyer's either party’s ability to dispose of its acquire a suitable exchange property or effectuate an exchange. In the event any exchange contemplated by Buyer or Seller should fail to occur, for whatever reason, the sale of the Property shall nonetheless be consummated as provided herein.

Appears in 1 contract

Samples: Purchase Agreement

BUYER EXCHANGE. Seller agrees to cooperate should Buyer elect to purchase the Property as part of a like-kind exchange under IRC IRO Section 1031. Buyer's contemplated exchange shall not impose upon Seller any additional liability or financial obligation, obligation and Buyer agrees to hold Seller harmless from any liability that might arise from such exchange. This Agreement is not subject to or contingent upon Buyer's ability to dispose of its exchange property or effectuate an exchange. In the event any exchange contemplated by Buyer should fail to occur, for whatever reason, the sale of the Property shall nonetheless be consummated as provided herein.

Appears in 1 contract

Samples: Purchase Agreement (Wade Cook Financial Corp)

BUYER EXCHANGE. Seller agrees to cooperate should Buyer elect to purchase the Property as a part of a like-kind exchange under IRC Section section 1031. Buyer's ’s contemplated exchange shall not impose upon Seller any additional liability or financial obligation, and Buyer agrees to hold Seller harmless from any liability that might arise from such exchange. This Agreement is shall not be subject to or contingent upon Buyer's ’s ability to dispose of its exchange property or effectuate an exchange. In the event any exchange contemplated by Buyer should fail to occur, for whatever reason, the sale of the Property shall nonetheless be consummated as provided herein.

Appears in 1 contract

Samples: Purchase Agreement (Big Three Restaurants, Inc.)

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BUYER EXCHANGE. Seller agrees to cooperate should Buyer elect to purchase the Property as part of a like-kind exchange under IRC Section 1031. Buyer's contemplated exchange shall not impose upon Seller any additional liability or financial obligation, and Buyer agrees to hold Seller harmless from any liability that might arise from such exchange. This Agreement is Is not subject to or contingent upon Buyer's ability to dispose of its exchange property or effectuate an exchange. In the event any exchange contemplated by Buyer should fail fall to occur, for whatever reason, the sale of the Property shall nonetheless be consummated as provided herein.

Appears in 1 contract

Samples: Earnest Money Contract (Rich Uncles NNN REIT, Inc.)

BUYER EXCHANGE. Seller agrees to cooperate should Buyer elect to purchase the Property as part of a like-kind exchange under IRC Section 1031. Buyer's Bxxxx’s contemplated exchange shall not impose upon Seller any additional liability or financial obligation, and Buyer Bxxxx agrees to hold Seller harmless from any liability that might arise from such exchange. This Agreement is not subject to or contingent upon Buyer's ’s ability to dispose of its exchange property or effectuate an exchange. In the event any exchange contemplated by Buyer Bxxxx should fail to occur, for whatever reason, the sale of the Property shall nonetheless be consummated as provided herein.

Appears in 1 contract

Samples: Real Estate Sales Contract (Captec Franchise Capital Partners L P Iv)

BUYER EXCHANGE. Seller agrees to cooperate should Buyer elect to purchase the Property as part of a like-kind exchange under IRC Section 1031. Buyer's Xxxxx’s contemplated exchange shall not impose upon Seller any additional liability or financial obligation, and Buyer Xxxxx agrees to hold Seller harmless from any liability that might arise from such exchange. This Agreement is not subject to or contingent upon Buyer's ’s ability to dispose of its exchange property or effectuate an exchange. In the event any exchange contemplated by Buyer Xxxxx should fail to occur, for whatever reason, the sale of the Property shall nonetheless be consummated as provided herein.

Appears in 1 contract

Samples: Purchase Agreement

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