Common use of FIRPTA Certificates and Title Affidavits Clause in Contracts

FIRPTA Certificates and Title Affidavits. An affidavit from the Seller with respect to compliance with the Foreign Investment in Real Property Tax Act (Internal Revenue Code Sec. 1445, as amended) and the regulations issued thereunder and any similar state tax requirements and an affidavit from the Seller in favor of the Title Company which shall be sufficient to delete the standard exceptions from the Title Policies (to the extent the same are reasonably susceptible to deletion under Applicable Laws and local custom).

Appears in 1 contract

Samples: Purchase and Sale Agreement (CNL Income Properties Inc)

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FIRPTA Certificates and Title Affidavits. An affidavit from the Seller Sellers with respect to compliance with the Foreign Investment in Real Property Tax Act (Internal Revenue Code Sec. 1445, as amended) and the regulations issued thereunder and any similar state tax requirements and an affidavit from the Seller Sellers in favor of the Title Company which shall be sufficient to delete the standard exceptions from the Title Policies (to the extent the same are reasonably susceptible to deletion under Applicable Laws and local custom)Policy.

Appears in 1 contract

Samples: Asset Purchase Agreement (CNL Healthcare Trust, Inc.)

FIRPTA Certificates and Title Affidavits. An affidavit from the Seller with respect to compliance with the Foreign Investment in Real Property Tax Act (Internal Revenue Code Sec. 1445, as amended) , and the regulations issued thereunder thereunder) and any similar state tax requirements and an affidavit from the Seller in favor of the Title Company which shall be sufficient to delete the standard exceptions from the Title Policies (title policy that the Seller has not done or caused to be done any work on the extent Real Property that has not been paid for and as to which mechanics’ liens or builders’ liens may be filed against the same are reasonably susceptible to deletion under Applicable Laws and local custom)Real Property following the Closing.

Appears in 1 contract

Samples: Asset Purchase Agreement (CNL Income Properties Inc)

FIRPTA Certificates and Title Affidavits. An affidavit from the Seller with respect to compliance with the Foreign Investment in Real Property Tax Act (Internal Revenue Code Sec. Section 1445, as amended) and the regulations Treasury Regulations issued thereunder and any similar state tax requirements and to the extent required by the Title Company, an affidavit affidavit, in form and substance acceptable to Seller in Seller’s sole but reasonable discretion, from the Seller in favor of the Title Company which shall be sufficient to delete the standard exceptions from the Title Policies (to the extent the same are reasonably susceptible to deletion under Applicable Laws and local custom)Policies.

Appears in 1 contract

Samples: Stock Purchase Agreement (CNL Income Properties Inc)

FIRPTA Certificates and Title Affidavits. An affidavit from the Seller with respect to compliance with the Foreign Investment in Real Property Tax Act (Internal Revenue Code Sec. 1445, as amended) and the regulations issued thereunder and any similar state tax requirements and an affidavit from the Seller in favor of the Title Company which shall be sufficient to delete the standard exceptions that are within Seller’s control or discretion from the Title Policies (to the extent the same are reasonably susceptible to deletion under Applicable Laws and local custom).Policy;

Appears in 1 contract

Samples: Asset Purchase Agreement (CNL Healthcare Properties II, Inc.)

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FIRPTA Certificates and Title Affidavits. An affidavit from the each Seller with respect to compliance with the Foreign Investment in Real Property Tax Act (Internal Revenue Code Sec. 1445, as amended) , and the regulations issued thereunder thereunder) and any similar state tax requirements and an affidavit from the each Seller in favor of the Title Company which shall be sufficient to delete the standard exceptions from the Title Policies (title policy that such Seller has not done or caused to be done any work on the extent Real Property that has not been paid for and as to which mechanics’ liens or builders’ liens may be filed against the same are reasonably susceptible to deletion under Applicable Laws and local custom)Real Property following the Closing.

Appears in 1 contract

Samples: Asset Purchase Agreement (CNL Income Properties Inc)

FIRPTA Certificates and Title Affidavits. An affidavit from the each Seller with respect to compliance with the Foreign Investment in Real Property Tax Act (Internal Revenue Code Sec. 1445, as amended) , and the regulations issued thereunder thereunder) and any similar state tax requirements and an affidavit from the Seller in favor of the Title Company which shall be sufficient to delete the standard exceptions from the Title Policies (title policy that such Seller has not done or caused to be done any work on the extent applicable Real Property that has not been paid for and as to which mechanics’ liens or builders’ liens may be filed against the same are reasonably susceptible to deletion under Applicable Laws and local custom)Real Property following the Closing.

Appears in 1 contract

Samples: Asset Purchase Agreement (CNL Income Properties Inc)

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