Common use of Reporting Person Clause in Contracts

Reporting Person. Seller and Buyer hereby designate the Escrow Agent to act as and perform the duties and obligations of the “reporting person” with respect to the transaction contemplated by this Agreement for purposes of 26 C.F.R. Section 1.6045-4(e)(5) relating to the requirements for information reporting on real estate transactions closed on or after January 1, 1991.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Bluerock Residential Growth REIT, Inc.)

AutoNDA by SimpleDocs

Reporting Person. Seller and Buyer hereby Purchaser designate the Escrow Agent to act as and perform the duties and obligations of the “reporting person” with respect to the transaction contemplated by this Agreement for purposes of 26 C.F.R. Section 1.6045-4(e)(5) relating to the requirements for information reporting on real estate transactions closed on or after January 1, 1991. 28.

Appears in 1 contract

Samples: 1340450v3 1 Purchase and Sale Agreement (Super Micro Computer, Inc.)

Reporting Person. Seller and Buyer hereby designate the Escrow Agent to act as and perform the duties and obligations of the "reporting person" with respect to the transaction contemplated by this Agreement for purposes of 26 C.F.R. Section Paragraph 1.6045-4(e)(5) relating to the requirements for information reporting on real estate transactions closed on or after January 1, 1991).

Appears in 1 contract

Samples: Real Estate Purchase and Sale Agreement and Joint Escrow Instructions (Legend Properties Inc)

Reporting Person. Seller and Buyer hereby Purchaser designate the Escrow Agent to act as and perform the duties and obligations “Reporting Person,” as such term is utilized in Section 6045 of the “reporting person” Code, and agree to (a) provide to Escrow Agent the information and other certifications required pursuant to Section 2.05(c)(ii) and (iii) of the Purchase Agreement and (b) otherwise comply with respect Section 2.05 of the Purchase Agreement. Escrow Agent agrees to serve as Reporting Person as set forth in Section 2.05 of the transaction contemplated by this Agreement for purposes of 26 C.F.R. Section 1.6045-4(e)(5) relating to the requirements for information reporting on real estate transactions closed on or after January 1, 1991Purchase Agreement.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Louisiana Pacific Corp)

AutoNDA by SimpleDocs

Reporting Person. Seller and Buyer Purchaser hereby designate the Escrow Agent to act as and perform the duties and obligations of the "reporting person" with respect to the transaction contemplated by this Agreement for purposes of 26 C.F.R. Section 1.6045-4(e)(5) relating to the requirements for information reporting on real estate transactions closed on or after January 1, 1991.

Appears in 1 contract

Samples: Purchase and Sale Agreement (First Capital Institutional Real Estate LTD 3)

Time is Money Join Law Insider Premium to draft better contracts faster.