1031 Exchange definition

1031 Exchange. As defined in Section 18.3.

1031 Exchange. As defined in Section 6.8.

1031 Exchange shall have the meaning set forth in Section 12.03.

Examples of 1031 Exchange in a sentence

• Except to the extent required to comply with the provisions of Section 13.18 related to a 1031 Exchange, this Contract is not assignable by Purchaser without first obtaining the prior written approval of Seller.

• In connection therewith, and notwithstanding anything herein to the contrary, Purchaser shall cooperate with Seller and shall take, and consent to Seller taking, any action in furtherance of effectuating a Section 1031 Exchange (including, without limitation, any action undertaken pursuant to Revenue Procedure 2000-37, 2000-40.

• Any risk that such an exchange or conveyance might not qualify as a tax-deferred transaction shall also be borne solely by the party seeking to effectuate the same, and each party acknowledges that the other has not provided, and will not provide, any tax, accounting, legal or other advice regarding the efficacy of any attempt to structure the transaction as a 1031 Exchange.

• Except as set forth in Sections 10.5 (1031 Exchange) and 10.6 (Trust), neither party may assign this Agreement without the prior written consent of the other party hereto.

• Each party hereby agrees to save, protect, defend, indemnify and hold the other harmless from any and all losses, costs, claims, liabilities, penalties, and expenses, including, without limitation, reasonable attorneys’ fees, fees of accountants and other experts, and costs of any judicial or administrative proceeding or alternative dispute resolution to which the other may be exposed, due to any attempt by the indemnifying party to structure the transaction as a 1031 Exchange.

More Definitions of 1031 Exchange

1031 Exchange has the meaning set forth in Section 1.07.

1031 Exchange means the transfer of one hundred percent (100%) of PIM H.H. 1031 LLC’s ownership interests in PIM Highland Holding LLC to Guarantor.

1031 Exchange means a tax-deferred exchange under Section 1031 of the Code, in which we reinvest the proceeds from the sale of real property in a new real property acquisition on a tax-deferred basis;

1031 Exchange has the meaning set forth in Section 14.04.

1031 Exchange shall have the meaning set forth in Section 6.6 below.

1031 Exchange has the meaning assigned thereto in Section 11.18.

1031 Exchange means the Section 1031 tax deferred exchange to be undertaken as of the Closing Date with respect to the purchase of 000 Xxxx Xxxxxx, which intends to qualify certain properties to be sold by Borrower, BPI or the Consolidated Entities within the next one hundred and eighty (180) days for nonrecognition of gain in whole or in part, or loss, consistent with the United States Department of Treasury regulations promulgated under Section 1031 thereunder.