Tax Free Exchange. (a) Purchaser shall use commercially reasonable efforts to cooperate with Seller (which cooperation shall be at Seller's expense) in structuring one or more Section 1031 exchanges, if so desired by Seller, provided that such structuring shall not materially adversely affect Purchaser's rights hereunder. (b) Purchaser shall not be required to incur any additional liability by reason of the provisions of this Section 2.5 and Seller hereby ----------- indemnifies Purchaser from and against any and all cost, expense, loss, liability or damage resulting from its cooperation under this Section 2.5. ----------- (c) Purchaser and its agents and attorneys do not guarantee any specific tax treatment by reason of this Section 2.5. ----------- (d) Any reasonable costs and expenses incurred by purchaser in connection with Purchaser complying with the terms of this Section 2.5 shall ----------- be paid by Seller.
Appears in 3 contracts
Samples: Purchase and Sale Agreement (American General Hospitality Corp), Purchase and Sale Agreement (American General Hospitality Corp), Purchase and Sale Agreement (American General Hospitality Corp)
Tax Free Exchange. (a) Purchaser shall use commercially reasonable efforts to cooperate with Seller (which cooperation shall be at Seller's expense) in structuring one or more a Section 1031 exchangesexchange with respect to the Property, if so desired by Seller, provided that such structuring shall not materially adversely affect Purchaser's rights hereunder.
(b) Purchaser shall not be required to incur any additional liability by reason of the provisions of this Section 2.5 and Seller hereby ----------- indemnifies Purchaser from and against any and all cost, expense, loss, liability or damage resulting from its cooperation under this Section 2.5. -----------
(c) Purchaser and its agents and attorneys do not guarantee any specific tax treatment by reason of this Section 2.5. -----------
(d) Any reasonable costs and expenses incurred by purchaser in connection with Purchaser complying with the terms of this Section 2.5 shall ----------- be paid by Seller.
Appears in 2 contracts
Samples: Purchase and Sale Agreement (American General Hospitality Corp), Purchase and Sale Agreement (American General Hospitality Corp)
Tax Free Exchange. (a) Purchaser shall use commercially reasonable efforts to cooperate with Seller (which cooperation shall be at Seller's expense) in structuring one or more a Section 1031 exchangesexchange with respect to the Property, if so desired by Seller, provided that such structuring shall not materially adversely affect Purchaser's rights hereunder.
(b) Purchaser shall not be required to incur any additional liability by reason of the provisions of this Section 2.5 and Seller hereby ----------- indemnifies Purchaser from and against any and all cost, expense, loss, liability or damage resulting from its cooperation under this Section 2.5. -----------
(c) Purchaser and its agents and attorneys do not guarantee any specific tax treatment by reason of the provisions of this Section 2.5. -----------
(d) Any reasonable costs and expenses incurred by purchaser Purchaser in connection with Purchaser complying with the terms of this Section 2.5 shall be ----------- be paid by Seller.
Appears in 1 contract
Samples: Purchase and Sale Agreement (American General Hospitality Corp)
Tax Free Exchange. (a) Purchaser shall use commercially reasonable efforts to cooperate with Seller (which cooperation shall be at Seller's expense) in structuring one or more Section 1031 exchanges, if so desired by Seller, provided that such structuring shall not materially adversely affect Purchaser's rights hereunder.
(b) Purchaser shall not be required to incur any additional liability by reason of the provisions of this Section 2.5 and Seller hereby ----------- indemnifies Purchaser from and against any and all cost, expense, loss, liability or damage resulting from its cooperation under this Section 2.5. -----------.
(c) Purchaser and its agents and attorneys do not guarantee any specific tax treatment by reason of this Section 2.5. -----------.
(d) Any reasonable costs and expenses incurred by purchaser in connection with Purchaser complying with the terms of this Section 2.5 shall ----------- be paid by Seller.
Appears in 1 contract
Samples: Purchase and Sale Agreement (Prime Hospitality Corp)
Tax Free Exchange. (a) Purchaser shall use commercially reasonable efforts to cooperate with Seller (which cooperation shall be at Seller's expense) in structuring one or more Section 1031 exchanges, if so desired by Seller, provided that such structuring shall not materially adversely affect Purchaser's rights hereunder.
(b) Purchaser shall not be required to incur any additional liability by reason of the provisions of this Section 2.5 and Seller hereby ----------- indemnifies Purchaser from and against any and all cost, expense, loss, liability or damage resulting from its cooperation under this Section 2.5. -----------
(c) Purchaser and its agents and attorneys do not guarantee any specific tax treatment by reason of this Section 2.5. -----------
----------- (d) Any reasonable costs and expenses incurred by purchaser in connection with Purchaser complying with the terms of this Section 2.5 shall be ----------- be paid by Seller.
Appears in 1 contract
Samples: Purchase and Sale Agreement (American General Hospitality Corp)
Tax Free Exchange. (a) Purchaser shall use commercially reasonable efforts to cooperate with Seller (which cooperation shall be at Seller's expense) in structuring one or more Section 1031 exchanges, if so desired by Seller, provided that such structuring shall not materially adversely affect Purchaser's rights hereunder.
(b) Purchaser shall not be required to incur any additional liability by reason of the provisions of this Section 2.5 and Seller hereby ----------- indemnifies Purchaser from and against any and all cost, expense, loss, liability or damage resulting from its cooperation under this Section 2.5. -----------
(c) Purchaser and its agents and attorneys do not guarantee any specific tax treatment by reason of this Section 2.5. -----------
(d) Any reasonable costs and expenses incurred by purchaser in connection with Purchaser complying with the terms of this Section 2.5 shall be ----------- be paid by Seller.
Appears in 1 contract
Samples: Purchase and Sale Agreement (American General Hospitality Corp)