Common use of Possible Exchange Clause in Contracts

Possible Exchange. Each Party reserves the right to structure the transactions contemplated under the terms of this Agreement as a non-simultaneous like-kind exchange pursuant to Section 1031 of the Code, as amended. If a Party elects to so structure this transaction, the Parties shall execute all documents reasonably necessary for such Party to effectuate the non-simultaneous like-kind exchange.

Possible Exchange. Each Party reserves the right to structure the transactions transaction contemplated under the terms of this Agreement as a non-simultaneous like-kind exchange pursuant to Section 1031 of the CodeInternal Revenue Code of 1986, as amended. If a either Party elects to so structure this transaction, the Parties shall execute all documents reasonably necessary for such Party to effectuate the non-simultaneous like-kind exchange.

Possible Exchange. Each Party reserves the right to structure the transactions transaction contemplated under the terms of this Agreement as a non-simultaneous like-kind exchange pursuant to Section 1031 of the CodeInternal Revenue Code of 1986, as amended. If a either Party elects to so structure this transaction, the Parties Parties, as applicable, shall execute all documents reasonably necessary for such Party to effectuate the non-simultaneous like-kind exchange.