Common use of Legal or Tax Advice Clause in Contracts

Legal or Tax Advice. Such Legal Entity acknowledges that neither the QI nor any officer, director, employee, agent or affiliate of the QI has made representation or rendered any advice with respect to the legal or tax aspects of the Exchanges contemplated hereby. Such Legal Entity further acknowledges that it has been advised to seek independent legal and tax advice regarding the LKE Program, regarding whether any Relinquished Property and Replacement Property are like-kind under Sections 1.1031(a)-2 and 1.1031(k)-1 of the Treasury Regulations and to have this Agreement reviewed and approved by independent counsel.

Legal or Tax Advice. Such Legal Entity The Exchangor acknowledges that neither the QI nor any employee, officer, director, employeeagent, agent principal or affiliate of the QI has given any legal or tax advice nor made representation or rendered any advice with respect to representations regarding the legal or tax aspects consequences of the Exchanges contemplated herebyapplicable LKE Program. Such Legal Entity The Exchangor further acknowledges that it has been advised to seek independent legal and tax advice regarding the its LKE Program, regarding whether any Relinquished Property and Replacement Property are like-kind under Sections 1.1031(a)-2 and 1.1031(k)-1 of the Treasury Regulations and to have this Agreement reviewed and approved by independent counsel.