Common use of Real Estate Reporting Person Clause in Contracts

Real Estate Reporting Person. Title Company is designated the “real estate reporting person” for purposes of section 6045 of Title 26 of the United States Code and Treasury Regulation 1.6045-4 and any instructions or settlement statement prepared by Title Company shall so provide. Upon the consummation of the transaction contemplated by this Agreement, Title Company shall file Form 1099 information return and send the statement to Seller as required under the aforementioned statute and regulation.

Appears in 2 contracts

Samples: Purchase and Sale Agreement and Joint Escrow Instructions, Purchase and Sale Agreement and Joint Escrow Instructions (Zumiez Inc)

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Real Estate Reporting Person. Title Company Insurer is designated the “real estate reporting person” for purposes of section Section 6045 of Title 26 of the United States Code and Treasury Regulation 1.6045-4 and any instructions or settlement statement prepared by Title Company Insurer shall so provide. Upon the consummation of the transaction contemplated by this Agreement, Title Company Insurer shall file Form 1099 information return and send the statement to Seller as required under the aforementioned statute and regulation.

Appears in 2 contracts

Samples: Agreement of Sale (Lenox Group Inc), Agreement of Sale (Lenox Group Inc)

Real Estate Reporting Person. Title Company is shall be designated the “real estate reporting person” for purposes of section Section 6045 of Title 26 of the United States Code and Treasury Regulation 1.6045-4 and any instructions or settlement statement prepared by Title Company shall so provideregulations promulgated thereunder. Upon the consummation of the transaction contemplated by this Agreement, Title Company shall file a Form 1099 information return and send the statement to Seller as required under the aforementioned statute foregoing Code section and regulationregulations.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Sunstone Hotel Investors, Inc.)

Real Estate Reporting Person. The Title Company is hereby designated the "real estate reporting person" for purposes of section Section 6045 of Title title 26 of the United States Code and Treasury Regulation 1.6045-4 and any instructions or settlement statement prepared by the Title Company shall so provide. Upon the consummation of the transaction contemplated by this Agreement, the Title Company shall file Form 1099 information return and send the statement to Seller as required under the aforementioned statute and regulation.regulation ARTICLE X -- INDEMNIFICATION

Appears in 1 contract

Samples: Real Estate Purchase Agreement (Ameriking Inc)

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Real Estate Reporting Person. The Title Company is hereby designated the "real estate reporting person" for purposes of section Section 6045 of Title title 26 of the United States Code and Treasury Regulation 1.6045-4 and any instructions or settlement statement prepared by the Title Company shall so provide. Upon the consummation of the transaction contemplated by this Agreement, the Title Company shall file Form 1099 information return and send the statement to Seller as required under the aforementioned statute and regulation.

Appears in 1 contract

Samples: Real Estate Purchase Agreement (Ameriking Inc)

Real Estate Reporting Person. Title Company is hereby designated ---------------------------- the "real estate reporting person" for purposes of section Section 6045 of Title title 26 of the United States Code and Treasury Regulation 1.6045-4 and any 4, as applicable. Any instructions or settlement statement prepared by Title Company shall so provideindicate that the Title Company is the real estate reporting person. Upon the consummation of the transaction transactions contemplated by this Agreement, Title Company shall file IRS Form 1099 1099-S information return and send the statement to Seller as required under the aforementioned statute statutes and regulationregulations.

Appears in 1 contract

Samples: Assignment and Assumption Agreement (Harrys Farmers Market Inc)

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