Common use of TAX EXCHANGE Clause in Contracts

TAX EXCHANGE. Grantor may assign its rights (but not its obligations) under this Easement Agreement to Goldfinch Exchange Company LLC, an exchange intermediary, in order for Grantor to effect an exchange under Section 1031 of the Internal Revenue Code. In such event, Grantor shall provide Grantee with a Notice of Assignment, attached as Exhibit C, and Grantee shall execute an acknowledgement of receipt of such notice.

Appears in 12 contracts

Samples: Underpass Agreement, Overpass Agreement, Overpass Agreement

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