Examples of Tax Deferred Exchange in a sentence
If the property involves a 1031 Tax Deferred Exchange, PLEASE COMPLETE THIS FORM.
The other Parties do not make any representation or warranty with respect to any particular tax treatment of such Tax Deferred Exchange.
Buyer and Seller hereby acknowledge that both parties may sell or purchase the subject Property under the provisions of an Internal Revenue Service Section 1031 Tax Deferred Exchange.
If a Party (“Exchanging Party”) elects to effect a Tax Deferred Exchange, the other Parties agree to reasonably cooperate with Exchanging Party to attempt to structure and effect the transaction as a Tax Deferred Exchange, provided that the other Parties shall incur no additional costs, expenses, fees or liabilities as a result of or connected with the exchange.
Taxes and Payables 18 4.1 Payment of Taxes 18 4.2 Production Taxes 18 4.3 Occasional Sale of Assets 18 4.4 Tax Deferred Exchange 19 5.
However, the Parties acknowledge and agree that any assignment of this Agreement to a Qualified Intermediary (as that term is defined in Treasury Regulations Section 1.1031 (k)-1(g)(4)(iii)) in connection with a Tax Deferred Exchange does not release the Exchanging Party from any of its respective liabilities and obligations to the other Parties under this Agreement.
The party conducting the 1031 Tax Deferred Exchange shall indemnify, defend and hold the other party harmless from and against any claims, damages or liabilities of any type.
If such Party elects to affect a Tax Deferred Exchange, the other Party agrees to execute escrow instructions, documents, agreements or instruments to affect the exchange; provided, however, that the other Party shall incur no additional costs, expenses, fees or liabilities as a result of or connected with the exchange.
Buyer agrees to cooperate with seller to complete this 10-31 Tax Deferred Exchange at NO ADDITIONAL COST TO BUYER.
The Partners acknowledge and agree that if any Partner, in connection with the sale of any Property by the Partnership or any Special Purpose Entity, wishes for the Partnership to convey such Property as part of an IRC Section 1031 Tax Deferred Exchange, the Partners shall cooperate in good faith to structure the conveyance in a manner that will permit such Property to be conveyed by the Partnership as part of IRC Section 1031 Tax Deferred Exchange.