Common use of IRS Real Estate Sales Reporting Clause in Contracts

IRS Real Estate Sales Reporting. Buyer and Seller agree that Escrow Agent shall act as “the person responsible for closing” the transaction which is the subject of this Agreement pursuant to Section 6045(e) of the Code and shall prepare and file all informational returns, including without limitation, IRS Form 1099-S, and shall otherwise comply with the provisions of Section 6045(e) of the Code.

Appears in 23 contracts

Samples: Real Estate Purchase Agreement (Griffin-American Healthcare REIT IV, Inc.), Purchase and Sale Agreement and Escrow Instructions (Griffin-American Healthcare REIT IV, Inc.), Real Estate Purchase Agreement (Griffin-American Healthcare REIT III, Inc.)

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IRS Real Estate Sales Reporting. Buyer and Seller agree that The Escrow Agent shall act as “the person responsible for closing” the transaction which is the subject of this Agreement transactions contemplated hereby pursuant to Section 6045(e) of the Code Tax Code, and the Escrow Agent shall prepare and file all informational returns, including without limitation, IRS Form 1099-S, and shall otherwise comply with the provisions of said Section 6045(e) of the Code).

Appears in 18 contracts

Samples: Purchase and Sale Agreement (Global Healthcare Reit, Inc.), Purchase and Sale Agreement (Global Healthcare Reit, Inc.), Purchase and Sale Agreement (Global Healthcare Reit, Inc.)

IRS Real Estate Sales Reporting. Buyer and Seller agree that Escrow Agent Holder shall act as “the person responsible for closing” the transaction which is the subject of this Agreement pursuant to Internal Revenue Code Section 6045(e) of the Code and shall prepare and file all informational returns, including without limitation, IRS Form 1099-S, and shall otherwise comply with the provisions of Internal Revenue Code Section 6045(e) of the Code).

Appears in 8 contracts

Samples: Real Estate Purchase and Sale Agreement (Medalist Diversified REIT, Inc.), Real Estate Purchase and Sale Agreement (Medalist Diversified REIT, Inc.), Real Estate Purchase and Sale Agreement (Medalist Diversified REIT, Inc.)

IRS Real Estate Sales Reporting. Buyer Purchaser and Seller hereby agree that the Escrow Agent shall act as “the person responsible for closing” the transaction which is the subject of this Agreement pursuant to Section 6045(e) of the Code and shall prepare and file all informational returns, including without limitation, IRS Form 1099-S, and shall otherwise comply with the provisions of Section 6045(e) of the Code.

Appears in 6 contracts

Samples: Real Estate Purchase and Sale Agreement (Senior Housing Properties Trust), Purchase and Sale Agreement (Boston Properties Inc), Real Estate Purchase and Sale Agreement (Hines Real Estate Investment Trust Inc)

IRS Real Estate Sales Reporting. Buyer Purchaser and Seller hereby agree that the Escrow Agent shall act as “the person responsible for closing” the transaction which is the subject of this Agreement pursuant to Section 6045(e) of the Code and shall prepare and file all informational returns, including without limitation, IRS Form 1099-1099 S, and shall otherwise comply with the provisions of Section 6045(e) of the Code.

Appears in 5 contracts

Samples: Real Estate Purchase and Sale Agreement (Lexicon Pharmaceuticals, Inc.), Real Estate Purchase and Sale Agreement (Lexicon Pharmaceuticals, Inc.), Real Estate Purchase and Sale Agreement (Lexicon Pharmaceuticals, Inc.)

IRS Real Estate Sales Reporting. Buyer and Seller agree that Escrow Agent Holder shall act as “the person responsible for closing” the transaction which is the subject of this Agreement pursuant to Section 6045(e) of the Code and shall prepare and file all informational returns, including without limitation, IRS Form 1099-S, and shall otherwise comply with the provisions of Section 6045(e) of the Code.

Appears in 4 contracts

Samples: Real Estate Purchase Agreement (US Federal Properties Trust Inc.), Real Estate Purchase Agreement (US Federal Properties Trust Inc.), Real Estate Purchase Agreement (US Federal Properties Trust Inc.)

IRS Real Estate Sales Reporting. Buyer and Seller agree that Escrow Agent shall act as “the person responsible for closing” the transaction which is the subject of this Agreement pursuant to Internal Revenue Code Section 6045(e) of the Code and shall prepare and file all informational returns, including without limitation, IRS Form 1099-S, and shall otherwise comply with the provisions of Internal Revenue Code Section 6045(e) of the Code).

Appears in 4 contracts

Samples: Real Estate Purchase Agreement, Real Estate Purchase Agreement (TNP Strategic Retail Trust, Inc.), Real Estate Purchase Agreement and Escrow Instructions (Grubb & Ellis Healthcare REIT II, Inc.)

IRS Real Estate Sales Reporting. Buyer and Seller agree that The Escrow Agent shall act as “the person responsible for closing” the transaction which is the subject of this Agreement transactions contemplated hereby pursuant to Section 6045(e) of the Internal Revenue Code and of 1986, as amended. In connection therewith, the Escrow Agent shall prepare and file all informational returns, including without limitation, IRS Form 1099-S, S and shall otherwise comply with the provisions of said Section 6045(e) of the Code).

Appears in 3 contracts

Samples: Purchase and Sale Agreement (Five Star Quality Care Inc), Purchase and Sale Agreement (Five Star Quality Care Inc), Purchase and Sale Agreement (Five Star Quality Care Inc)

IRS Real Estate Sales Reporting. Buyer and Seller agree that Escrow Agent Holder shall act as “the person responsible for closing” the transaction which is the subject of this Agreement pursuant to Internal Revenue Code Section 6045(e) of the Code and shall prepare and file all informational returns, including without limitation, IRS RS Form 1099-S, and shall otherwise comply with the provisions of Internal Revenue Code Section 6045(e) of the Code).

Appears in 2 contracts

Samples: Real Estate Purchase and Sale Agreement (Medalist Diversified REIT, Inc.), Real Estate Purchase and Sale Agreement (Medalist Diversified REIT, Inc.)

IRS Real Estate Sales Reporting. Buyer and Seller agree that The Escrow Agent shall act as “the person responsible for closing” the transaction which is the subject of this Agreement transactions contemplated hereby pursuant to Section 6045(e) of the Code Tax Code, and the Escrow Agent shall prepare and file all informational returns, including without limitation, IRS Form 1099-S1099‑S, and shall otherwise comply with the provisions of said Section 6045(e) of the Code).

Appears in 2 contracts

Samples: Purchase and Sale Agreement (Adcare Health Systems, Inc), Purchase and Sale Agreement (Adcare Health Systems, Inc)

IRS Real Estate Sales Reporting. Buyer Purchaser and Seller hereby agree that the Escrow Agent shall act as “the person responsible for closing” the transaction which is the subject of this Agreement pursuant to Section 6045(e) of the Code and shall prepare and file all informational returns, including without limitation, IRS Form 1099-S, and shall otherwise comply with the provisions of Section 6045(e) of the Code. The provisions of this Section 11.9 shall survive the Closing.

Appears in 2 contracts

Samples: Real Estate Purchase and Sale Agreement (GCP Applied Technologies Inc.), Real Estate Purchase and Sale Agreement (Plymouth Industrial REIT Inc.)

IRS Real Estate Sales Reporting. Buyer and Seller agree that Escrow Agent shall act as “the person responsible for closing” the transaction which is the subject of this Agreement transactions contemplated hereby pursuant to Section 6045(e) of the Internal Revenue Code and of 1986, as amended. In connection therewith, the Escrow Agent shall prepare and file all informational returns, including without limitation, IRS Form 1099-S, 1099‑S and shall otherwise comply with the provisions of said Section 6045(e) of the Code).

Appears in 1 contract

Samples: Purchase and Sale Agreement (Cousins Properties Inc)

IRS Real Estate Sales Reporting. Buyer and each Seller agree that Escrow Agent shall act as “the person responsible for closing” the transaction which is the subject of this Agreement pursuant to Section 6045(e) of the Code and shall prepare and file all informational returns, including without limitation, IRS Form 1099-S, and shall otherwise comply with the provisions of Section 6045(e) of the Code.

Appears in 1 contract

Samples: Purchase and Sale Agreement and Escrow Instructions (Grubb & Ellis Healthcare REIT II, Inc.)

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IRS Real Estate Sales Reporting. Buyer Buyer, Seller and Seller Escrow Agent hereby agree that Escrow Agent shall act as “the person responsible for closing” the transaction which is the subject of this Agreement Contract pursuant to Section 6045(e) of the Code and shall prepare and file all informational returns, including without limitation, IRS Form 1099-S1099S, and shall otherwise comply with the provisions of Section 6045(e) of the Code.

Appears in 1 contract

Samples: Assignment and Assumption Agreement (New England Realty Associates Limited Partnership)

IRS Real Estate Sales Reporting. Buyer and Seller agree that The Escrow Agent shall agrees to act as “the person responsible for closing” the transaction which is the subject of this Agreement transactions contemplated hereby pursuant to Section 6045(e) of the Internal Revenue Code of 1986, as amended, and the Escrow Agent shall prepare and file all informational returns, including without limitation, IRS Form 1099-S1099‑S, and shall otherwise comply with the provisions of said Section 6045(e) of the Code).

Appears in 1 contract

Samples: Purchase and Sale Agreement (Abiomed Inc)

IRS Real Estate Sales Reporting. Buyer Purchaser, Seller and Seller CBF hereby agree that the Escrow Agent shall act as “the person responsible for closing” the transaction which is the subject of this Agreement pursuant to Section 6045(e) of the Code and shall prepare and file all informational returns, including without limitation, IRS Form 1099-S, and shall otherwise comply with the provisions of Section 6045(e) of the Code.

Appears in 1 contract

Samples: Purchase and Sale Agreement (CBRE Realty Finance Inc)

IRS Real Estate Sales Reporting. Buyer Purchaser, Seller and Seller Escrow Agent hereby agree and acknowledge that Escrow Agent shall act as “the person responsible for closing” the transaction which is the subject of this Agreement pursuant to Internal Revenue Code Section 6045(e) of the Code and shall prepare and file all informational returns, including without limitation, IRS Form 1099-S, and shall otherwise comply with the provisions of Internal Revenue Code Section 6045(e) of the Code). Purchaser and Seller shall reasonably cooperate in connection with such filings.

Appears in 1 contract

Samples: Real Estate Purchase Agreement (Praecis Pharmaceuticals Inc)

IRS Real Estate Sales Reporting. Buyer and Seller hereby agree that the Escrow Agent shall act as “the person responsible for closing” the transaction which is the subject of this Agreement pursuant to Section 6045(e) of the Code and shall prepare and file all informational returns, including without limitation, IRS Form 1099-S, and shall otherwise comply with the provisions of Section 6045(e) of the Code. The provisions of this Article 29 shall survive the Closing.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Industrial Property Trust Inc.)

IRS Real Estate Sales Reporting. Buyer and Seller agree that The Escrow Agent shall act as “the person responsible for closing” the transaction which is the subject of this Agreement pursuant to Section 6045(e) of the Internal Revenue Code and shall prepare and file all informational returns, including without limitation, IRS Form 1099-S, and shall otherwise comply with the provisions of Section 6045(e) of the Internal Revenue Code.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Digital Ally, Inc.)

IRS Real Estate Sales Reporting. Buyer and Seller hereby agree that Escrow Agent shall act as “the person responsible for closing” the transaction which is the subject of this Agreement pursuant to Section 6045(e) of the Code and shall prepare and file all informational returns, including without limitation, IRS Form 1099-S, and shall otherwise comply with the provisions of Section 6045(e) of the Code. The provisions of this Article 29 shall survive the Closing.

Appears in 1 contract

Samples: Lease (Abiomed Inc)

IRS Real Estate Sales Reporting. Buyer The Purchaser, the Sellers and Seller Escrow Agent hereby agree and acknowledge that Escrow Agent shall act as “the person responsible for closing” the transaction which is the subject of this Agreement pursuant to Internal Revenue Code Section 6045(e) of the Code and shall prepare and file all informational returns, including without limitation, IRS Form 1099-S, and shall otherwise comply with the provisions of Internal Revenue Code Section 6045(e) of ). The Purchaser and the CodeSellers shall reasonably cooperate in connection with such filings.

Appears in 1 contract

Samples: Asset Purchase Agreement (Digital Realty Trust, Inc.)

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