Common use of Designation of Escrowee as Reporting Person Clause in Contracts

Designation of Escrowee as Reporting Person. Sellers and Purchaser each hereby authorize Escrowee to designate the investment depository of the Deposit to act as and perform the duties and obligations of the “reporting person” with respect to the transaction contemplated by this Agreement for purposes of 26 C.F.R. Section 1.6045-4(e)(5) relating to the requirements for information reporting on real estate transactions closed on or after January 1, 1991.

Appears in 4 contracts

Samples: Real Estate Purchase and Sale Agreement (Summit Hotel Properties, Inc.), Real Estate Purchase and Sale Agreement (Summit Hotel Properties, Inc.), Real Estate Purchase and Sale Agreement (American Realty Capital Hospitality Trust, Inc.)

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Designation of Escrowee as Reporting Person. Sellers Seller and Purchaser each hereby authorize designate Escrowee to designate the investment depository of the Deposit to act as and perform the duties and obligations of the “reporting person” with respect to the transaction contemplated by this Agreement for purposes of 26 C.F.R. Section 1.6045-4(e)(5) relating to the requirements for information reporting on real estate transactions transaction closed on or after January 1, 1991.

Appears in 3 contracts

Samples: Real Estate Sale Agreement, Real Estate Sale Agreement (Behringer Harvard Multifamily Reit I Inc), Real Estate Sale Agreement (Paladin Realty Income Properties Inc)

Designation of Escrowee as Reporting Person. Sellers and Purchaser each hereby authorize Escrowee to designate the investment depository of the Deposit Xxxxxxx Money to act as and perform the duties and obligations of the “reporting person” with respect to the transaction contemplated by this Agreement for purposes of 26 C.F.R. Section 1.6045-4(e)(5) relating to the requirements for information reporting on real estate transactions closed on or after January 1, 1991.

Appears in 2 contracts

Samples: Environmental Indemnity Agreement (W2007 Grace Acquisition I Inc), Special Warranty Deed (American Realty Capital Hospitality Trust, Inc.)

Designation of Escrowee as Reporting Person. Sellers Seller and Purchaser each hereby authorize Escrowee to designate the investment depository of the Deposit Xxxxxxx Money, and to act as and perform the duties and obligations of the “reporting person” with respect to the transaction contemplated by this Agreement for purposes of 26 C.F.R. Section 1.6045-4(e)(5) relating to the requirements for information reporting on real estate transactions transaction closed on or after January 1, 1991.. 14.16

Appears in 1 contract

Samples: Real Estate Sale Agreement

Designation of Escrowee as Reporting Person. Sellers Seller and Purchaser Buyer each hereby authorize Escrowee Escrow Agent to designate the investment depository of the Deposit to act as and perform the duties and obligations of the “reporting person” with respect to the transaction contemplated by this Agreement for purposes of 26 C.F.R. Section 1.6045-4(e)(5) relating to the requirements for information reporting on real estate transactions transaction closed on or after January 1, 1991.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Behringer Harvard Multifamily Reit I Inc)

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Designation of Escrowee as Reporting Person. Sellers and Purchaser each hereby authorize Escrowee to designate the investment depository of the Deposit Exxxxxx Money to act as and perform the duties and obligations of the “reporting person” with respect to the transaction contemplated by this Agreement for purposes of 26 C.F.R. Section 1.6045-4(e)(5) relating to the requirements for information reporting on real estate transactions closed on or after January 1, 1991.

Appears in 1 contract

Samples: Special Warranty Deed (American Realty Capital Hospitality Trust, Inc.)

Designation of Escrowee as Reporting Person. Sellers Seller and Purchaser each hereby authorize Escrowee to designate the investment depository of the Deposit Xxxxxxx Money, and to act as and perform the duties and obligations of the “reporting person” with respect to the transaction contemplated by this Agreement for purposes of 26 C.F.R. Section 1.6045-4(e)(5) relating to the requirements for information reporting on real estate transactions transaction closed on or after January 1, 1991.

Appears in 1 contract

Samples: Real Estate Sale Agreement (Resource Real Estate Opportunity REIT II, Inc.)

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