Closing of Escrow. 5.4.1 Pursuant to Section 6045 of the Internal Revenue and Taxation Code, Escrow Holder shall be designated the "closing agent" hereunder and shall be solely responsible for complying with the tax reform act of 1986 with regard to reporting all settlement information to the Internal Revenue Service.
Appears in 3 contracts
Samples: Purchase and Sale Agreement and Joint Escrow Instructions (Price T Rowe Realty Income Fund Ii), Purchase and Sale Agreement and Joint Escrow Instructions (Arden Realty Inc), Purchase and Sale Agreement and Joint Escrow Instructions (Inland Western Retail Real Estate Trust Inc)
Closing of Escrow. 5.4.1 Pursuant to Section 6045 of the Internal Revenue and Taxation Code, Escrow Holder shall be designated the "“closing agent" ” hereunder and shall be solely responsible for complying with the tax reform act of 1986 with regard to reporting all settlement information to the Internal Revenue Service.
Appears in 2 contracts
Samples: Purchase and Sale Agreement and Joint Escrow Instructions (Inland Western Retail Real Estate Trust Inc), Purchase and Sale Agreement and Joint Escrow Instructions (Inland Western Retail Real Estate Trust Inc)
