Common use of Disposition and Transfer of Relinquished Property Clause in Contracts

Disposition and Transfer of Relinquished Property. Each Legal Entity has entered, and/or from time to time may enter, into one or more Relinquished Property Agreements with one or more Buyers for the sale of Relinquished Property. In connection with each Exchange, the applicable Legal Entity shall, in accordance with Section 1.1031(k)-1(g)(4)(v) of the Treasury Regulations: (a) assign to the QI all of its Rights with respect to such Relinquished Property under the applicable Relinquished Property Agreements in accordance with Section 2.04 hereof, such assignment to be made without recourse to the QI (and the QI agrees to accept such assignments); (b) notify all parties to the applicable Relinquished Property Agreements in writing of the assignment in accordance with Section 2.05 prior to or concurrent with the date of transfer of the Relinquished Property to the applicable Buyer, and (c) transfer its interest in the Relinquished Property to the applicable Buyer pursuant to the applicable Relinquished Property Agreements.

Disposition and Transfer of Relinquished Property. Each Legal Entity The Exchangor has entered, and/or from time to time may enter, into one or more Relinquished Property Agreements with one or more Buyers for the sale of Relinquished Property. In connection with each Master Exchange, the applicable Legal Entity Exchangor shall, in accordance with Section 1.1031(k)-1(g)(4)(v) of the Treasury Regulations: (a) assign to the QI all of its Rights under the applicable Relinquished Property Agreements with respect to such Relinquished Property under the applicable Relinquished Property Agreements in accordance with Section 2.04 2.5 hereof, such assignment to be made without recourse to the QI (and the QI agrees to accept such assignments); (b) notify all parties to the applicable such Relinquished Property Agreements in writing of the assignment in accordance with Section 2.05 2.6 prior to or concurrent with the date of transfer of the Relinquished Property to the applicable BuyerBuyer(s), and (c) transfer its interest in the Relinquished Property to the applicable Buyer Buyer(s) pursuant to the applicable such Relinquished Property Agreements.