Common use of SELLER EXCHANGE Clause in Contracts

SELLER EXCHANGE. Buyer agrees to cooperate should Seller elect to sell the Property as part of a like-kind exchange under IRC Section 1031. Seller's contemplated exchange shall not impose upon Buyer any additional liability or financial obligation, and Seller agrees to hold Buyer harmless from any liability that might arise from such exchange. This Agreement is not subject to or contingent upon Seller's ability to acquire a suitable exchange property or effectuate an exchange. In the event any exchange contemplated by Seller should fail to occur, for whatever reason, the sale of the Property shall nonetheless be consummated as provided herein.

Appears in 5 contracts

Samples: Purchase Agreement (LIVE VENTURES Inc), Earnest Money Contract (Elevate.Money REIT I, Inc.), Purchase Agreement

AutoNDA by SimpleDocs

SELLER EXCHANGE. Buyer agrees to cooperate should Seller elect to sell the Property as part of a like-kind exchange under IRC Section 1031. Seller's contemplated exchange shall not impose Impose upon Buyer any additional liability or financial obligation, and Seller agrees to hold Buyer harmless from any liability that might arise from such exchange. This Agreement is not subject to or contingent upon Seller's ability to acquire a suitable exchange property or effectuate an exchange. In the event any exchange contemplated by Seller should fail to occur, for whatever reason, the sale of the Property shall nonetheless be consummated as provided herein.

Appears in 1 contract

Samples: Earnest Money Contract (Rich Uncles NNN REIT, Inc.)

SELLER EXCHANGE. Buyer agrees to cooperate should Seller elect to sell the Property as part of a like-kind exchange under IRC Section section 1031. Seller's ’s contemplated exchange shall not impose upon Buyer any additional liability or financial obligation, and Seller agrees to hold Buyer harmless from any liability that might arise from such exchange. This Agreement is shall not be subject to or contingent upon Seller's ’s ability to acquire a suitable exchange property or effectuate an exchange. In the event any exchange contemplated by Seller should fail to occur, for whatever reason, the sale of the Property shall nonetheless be consummated as provided herein.

Appears in 1 contract

Samples: Purchase Agreement (Big Three Restaurants, Inc.)

SELLER EXCHANGE. Buyer agrees to cooperate should Seller elect to sell the Property as part of a like-kind exchange under IRC IRO Section 10311081. Seller's contemplated exchange shall not impose upon Buyer any additional liability or financial obligation, and Seller agrees to hold Buyer harmless from any liability that might arise from such exchange. This Agreement is not subject to or contingent upon Seller's ability to acquire a suitable exchange property or effectuate an exchange. In the event any exchange contemplated by Seller should fail to occur, for whatever reason, the sale of the Property shall nonetheless be consummated as provided herein.

Appears in 1 contract

Samples: Purchase Agreement (Wade Cook Financial Corp)

AutoNDA by SimpleDocs

SELLER EXCHANGE. Buyer agrees to cooperate should Seller elect to sell the Property as part of a like-kind exchange under IRC Section 1031. Seller's ’s contemplated exchange shall not impose upon Buyer any additional liability or financial obligation, and Seller agrees to hold Buyer harmless from any liability that might arise from such exchange. This Agreement is not subject to or contingent upon Seller's ’s ability to acquire a suitable exchange property or effectuate an exchange. In the event any exchange contemplated by Seller should fail to occur, for whatever reason, the sale of the Property shall nonetheless be consummated as provided herein.

Appears in 1 contract

Samples: Purchase and Sale Agreement (MJ Holdings, Inc.)

SELLER EXCHANGE. Buyer Xxxxx agrees to cooperate should Seller elect to sell the Property as part of a like-kind exchange under IRC Section 1031. Seller's ’s contemplated exchange shall not impose upon Buyer any additional liability or financial obligation, and Seller Xxxxxx agrees to hold Buyer harmless from any liability that might arise from such exchange. This Agreement is not subject to or contingent upon Seller's ’s ability to acquire a suitable exchange property or effectuate an exchange. In the event any exchange contemplated by Seller should fail to occur, for whatever reason, the sale of the Property shall nonetheless be consummated as provided herein.

Appears in 1 contract

Samples: Purchase Agreement

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!