Relinquished Property definition

Relinquished Property has the meaning specified in the definition of “Like-Kind Exchange”.

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Relinquished Property means relinquished property as described in 26 C.F.R. 1.1031(k)-1(a).

Relinquished Property means a Property sold to a Person which is not the Borrower or an Affiliate thereof, and the proceeds of such sale are held in an exchange account by a Qualified Intermediary, as part of a Section 1031 Exchange.

Examples of Relinquished Property in a sentence

• The QI hereby acknowledges that it shall have no interest in any Relinquished Property Agreement with respect to any Vehicle that is not Relinquished Property.

• Any Qualified Earnings as to which the Exchange Period of the Relinquished Property has expired shall thereafter be deemed Additional Subsidies.

• In particular, all Relinquished Property Proceeds, and any Qualified Earnings thereon, shall be held subject to Sections 1.1031(k)-1(g)(4)(ii) and 1.1031(k)-l(g)(6) of the Treasury Regulations, including the restrictions on Exchangor’s right to receive, pledge, borrow or otherwise obtain the benefits of Relinquished Property Proceeds or the earnings thereon.

• Without limiting the foregoing, Exchangor’s rights to receive, pledge, borrow, or otherwise obtain the benefits of any Relinquished Property Proceeds (whether in the form of money or other property) and any Qualified Earnings thereon are expressly limited as provided in Treasury Regulations Sections 1.1031(k)-1(g)(4)(ii) and 1.1031(k)-1(g)(6).

• Seller will not be required to accept title to the Relinquished Property and will have no obligations whatsoever to the owner of the Relinquished Property.

More Definitions of Relinquished Property

Relinquished Property. As defined in the applicable Master Exchange Agreement.

Relinquished Property means certain vehicles used in Exchangor’s business and qualifying as “relinquished property” within the meaning of Section 1.1031(k)-1(a) of the Treasury Regulations, which have been identified as such in a written notice delivered by a Legal Entity pursuant to Section 2.05 hereof to each other party to the applicable Relinquished Property Agreement of the assignment of such Relinquished Property Agreement to the QI.

Relinquished Property has the meaning set forth in Section 9.14.

Relinquished Property. Any Mortgaged Property qualifying as “relinquished property” within the meaning of Section 1.1031(k)-(1(a) of the Treasury Regulations (or any successor section).

Relinquished Property means re- linquished property as described in 26 C.F.R. 1.1031(k)-1(a).

Relinquished Property. Any Mortgaged Property qualifying as “relinquished property” within the meaning of Section 1.1031(k)-(1(a) of the Treasury Regulations (or any successor section). “Relinquished Property Agreement ”: Any agreement relating to the sale or disposition of Relinquished Property. “Relinquished Property Proceeds ”: means the proceeds of the sale or disposition of Relinquished Property. “Remittance Date ”: The Business Day preceding each Payment Date. “Removed Mortgaged Property ”: Each Third Party Option Mortgaged Property and each Lease Transfer Mortgaged Property, released at any time from the lien of the Indenture. “REO Acquisition ”: The acquisition of any REO Property pursuant to Section 3.09 . “REO Disposition ”: The sale or other disposition of any REO Property pursuant to Section 3.18 . “REO Property ”: A Mortgaged Property acquired by or on behalf of the Indenture Trustee through foreclosure, acceptance of a deed-in-lieu of foreclosure or otherwise in accordance with applicable law in connection with the default or imminent default of a Mortgage Loan. “REO Revenues ”: All income, rents, profits and proceeds derived from the ownership, operation or leasing of any REO Property. “ Replacement Property ”: Mortgaged Properties that are (i) of a “like-kind” (within the meaning of Section 1.1031(a)-1(b) of the Treasury Regulations (or any successor section)) to any Relinquished Property and otherwise satisfying the definition of and requirements for “replacement property” under the Treasury Regulations and (ii) satisfy the definition of Qualified Substitute Mortgaged Property. “Replacement Property Agreement ”: Any agreement relating to the acquisition of Replacement Property. “Request for Release ”: A request signed by a Servicing Officer, as applicable, of the Property Manager substantially in the form of Exhibit B attached hereto or of the Special Servicer substantially in the form of Exhibit C attached hereto. 27 US-DOCS\ 96557504.7 102826315.7

Relinquished Property means the real properties and improvements described in Exhibit “B” or in a Relinquished Property Identification Statement.