Exchange of Properties. (a) Any other provision of this Agreement notwithstanding, Seller and Buyer each has the right to exchange the Property to qualify as a tax-deferred exchange under the provisions of Section 1031 of the Code.
Exchange of Properties. (a) On the Closing Date, Occidental shall:
Exchange of Properties. In consideration of the covenants and conditions contained in this Agreement and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged:
Exchange of Properties. (a) Each Issuer may remove an Exchanged Property from the Collateral Pool in exchange for the addition of one or more Qualified Substitute Properties to the Collateral Pool; provided, that, after giving effect to a substitution or exchange pursuant to this Section 7.01, the sum of the Collateral Value of all Released Properties and Exchanged Properties released or exchanged since the most recent Series Closing Date shall not exceed 35% of the Aggregate Collateral Value as of such Series Closing Date. Notwithstanding the foregoing, (i) a release or exchange of a Property in connection with a Collateral Defect, a Third Party Purchase Option, a Risk-Based Substitution or a Qualified Deleveraging Event, (ii) the release or exchange of a Terminated Lease Property, Delinquent Asset or Defaulted Asset, (iii) releases during the Disposition Period, (iv) releases as a result of a Triple A Release Event, (v) releases in connection with a Series Collateral Release or (vi) a transfer of lease terms to a Lease Transfer Property shall not be taken into consideration for purposes of the 35% maximum described in the prior sentence. No Property will constitute a Qualified Substitute Property unless, after giving effect to the transfer of such Property to the related Issuer, either (i) a Maximum Property Concentration is not exceeded, or (ii) if, prior to such substitution, an existing Maximum Property Concentration is already exceeded, the addition of such Qualified Substitute Property will reduce the Maximum Property Concentration or such Maximum Property Concentration will remain unchanged after giving effect to such substitution. In addition, no exchange of a Property or Lease may occur (other than pursuant to a Third Party Purchase Option or release due to a Collateral Defect) if an Early Amortization Period would occur as a result of such exchange.
Exchange of Properties. The City and the Developer agree that the exchange of parcels is necessary to accomplish the objectives of the MPD zoning, which includes:
Exchange of Properties. Subject to the terms and conditions of this Agreement, the City hereby agrees to grant and convey to First Baptist, on the terms and conditions described herein, all of the City’s interest in the City Property. Subject to the terms and conditions of this Agreement, First Baptist hereby agrees to convey and exchange to the City, on the terms and conditions described herein, all of First Baptist’s interest in the First Baptist Property.
Exchange of Properties. 61.1 You may have the right to exchange your home with another tenant of a registered provider of social housing or a local authority subject to obtaining our prior written consent (which shall not be unreasonably withheld) and the prior written consent of the other landlord.
Exchange of Properties. Purchaser and Seller acknowledge that either Seller or Purchaser may desire to structure the transaction evidenced hereby as part of an exchange of properties (i) of like-kind within the contemplation of Section 1031 of the Internal Revenue Code, or (ii) involving condemnation proceeds within the contemplation of Section 1033 of the Internal Revenue Code. Any such exchange of properties is referred to herein as an “Exchange”. The parties agree to cooperate with each other in structuring such an Exchange provided that (a) such cooperation shall be without out-of-pocket cost or expense to the party not structuring such Exchange; (b) the party structuring such Exchange shall pay all of the other party’s out-of-pocket costs or expenses arising due to such Exchange; (c) the party structuring such Exchange shall give notice of the proposed structure of the Exchange at least two (2) Business Days prior to the Closing Date; (d) no such Exchange structure shall require the party that does not structure such Exchange to hold legal or equitable title to any property other than the Property; and (e) no such Exchange or structuring in relation thereto shall delay or operate to postpone the Closing Date or any time periods set forth in this Contract, nor shall the obligations of any of the parties hereto be modified, amended or assigned as a result of any such Exchange.
Exchange of Properties. On the Closing Date (as hereinafter defined), Party A hereby agrees to transfer and convey to Escrow Holder all of its right, title and interest in the Contract, in consideration of and in exchange for the transfer and conveyance to Party A of other assets, including without limitation, stocks, bonds, promissory notes and all other types of property, real, personal, tangible or intangible, whether one or more, the "Replacement Property": (I) which is designated by Party A pursuant to Section 2 of this Agreement no later than forty-five (45) days after the Closing (as hereinafter defined), and (ii) the cost of which does not exceed, in the aggregate, the "Exchange Credit" (as hereinafter defined) at the time of its acquisition, subject to Party A's right to arrange for additional equity or debt in order to pay costs of acquisition in excess of the Exchange Credit. For purposes of this Agreement, the term "Exchange Credit" shall mean, at any given point in time, the sum of: (I) net proceeds from the Purchase Price, including any indebtedness assumed or taken subject to by the purchasing party, less closing costs with regard to the sale of the Relinquished Property and repayment of debt secured by the Relinquished Property and all related obligations thereto, plus (ii) the amount of interest, if any, which has then accrued to Escrow Holder with respect to the Escrow Account. [NUOINTL\AGR:CAK.EXC]
Exchange of Properties. JW Trust agrees to transfer JW Trust’s Property to WDM and upon execution of this Agreement, JW Trust shall execute and deliver to WDM the Assignment of Membership Interest in the form attached hereto as Exhibit A. Likewise, WDM agrees to transfer WDM’s Property to JW Trust and upon execution of this Agreement, WDM shall execute and deliver to JW Trust the Stock Power and Assignment in the form attached hereto as Exhibit B.
