Tax Deferred Exchange definition

Tax Deferred Exchange has the meaning set forth in Article 15.
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Tax Deferred Exchange shall have the meaning given in Section 21.
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Tax Deferred Exchange shall have the meaning assigned thereto in Section 14.3.
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Examples of Tax Deferred Exchange in a sentence

  • From 2013 to 2016, Mr. Hook worked as a residential and commercial agent under Coastal Pacific Real Estate Brokerage in La Jolla, CA specializing in 1031 Tax Deferred Exchange and international buyer representation.

  • Seller acknowledges that Purchaser may purchase the Property as part of an IRC Section 1031 Tax Deferred Exchange for Purchaser's benefit.

  • Buyer understands and acknowledges that the Seller is participating in a Tax Deferred Exchange Program with Congress Exchange.

  • Buyer further agrees and acknowledges that in accordance with the aforesaid Tax Deferred Exchange Program, Seller may be required to assign its rights and obligations under this Contract to Congress Exchange to facilitate such exchange.

  • To the extent that any provision in this Section 6.22 or in this Agreement shall be found inconsistent with or in violation of any of the terms of Section 1031 of the Code, such provision shall be null and void, all other provisions of this Agreement shall remain in full force and effect, and the parties shall endeavor to agree upon alternative provisions that affect a "Tax Deferred Exchange" of property in such manner as will comply with Section 1031 of the Code.

  • Buyer covenants and agrees to participate and fully cooperate with Sellers (and any qualified intermediary (as that term is defined in the Code) involved in the Tax Deferred Exchange), in the event of an Election, so long as such participation and cooperation does not have an adverse effect on 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.

  • The parties intend to allow for the election by Sellers ("Election") to have the sale of all or a portion of the Assets contemplated by this Agreement become part of a "Tax Deferred Exchange" in accordance with the provisions of Section 1031 of the Internal Revenue Code of 1986 (the "Code").

  • Buyer is or may be acquiring the real property described as part of an IRC Section 1031 Tax Deferred Exchange.

  • When an escrow transaction involves a 1031 Tax Deferred Exchange, there shall be an additional charge of $100 for each exchange or property involved in the transaction.


More Definitions of Tax Deferred Exchange

Tax Deferred Exchange is defined in Section 12.5.
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Tax Deferred Exchange has the meaning set forth in Section 10.8.A hereof.
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Tax Deferred Exchange is defined in Section 19.13.
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Tax Deferred Exchange shall have the meaning ascribed thereto in Section 2.22 (Tax Deferred Exchange by CSXT).
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Tax Deferred Exchange shall have the meaning assigned to such term in SECTION 10.1.
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Tax Deferred Exchange means an exchange (rather than a purchase and sale) of or for all or a portion of any Acquired Hotel for other property of like kind in one or more concurrent or delayed tax-deferred exchanges which shall qualify under Section 1031 of the Code.
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Related to Tax Deferred Exchange

  • Taxable means either:

  • Taxable Wage Base means, with respect to any Plan Year, the contribution and benefit base under Section 230 of the Social Security Act at the beginning of such Plan Year.

  • taxation year means the calendar year to which an assessment roll applies for the purposes of taxation;

  • Taxable Allocation means, with respect to any Series, the allocation of any net capital gains or other income taxable for federal income tax purposes to a dividend paid in respect of such Series.

  • Taxable Year means a taxable year of the Corporate Taxpayer as defined in Section 441(b) of the Code or comparable section of state or local tax law, as applicable (and, therefore, for the avoidance of doubt, may include a period of less than 12 months for which a Tax Return is made), ending on or after the IPO Date.

  • Taxable Period means any taxable year or any other period that is treated as a taxable year (or other period, or portion thereof, in the case of a Tax imposed with respect to such other period, e.g., a quarter) with respect to which any Tax may be imposed under any applicable Law.

  • Pre-Tax Contributions means, for any Participant, the aggregate of the Participant's Basic Pre-Tax Contributions and Supplemental Pre-Tax Contributions contributed to the applicable Pre-Tax Contribution Account.

  • Non-Elective Contribution means the Employer contributions to the Plan excluding, however, contributions made pursuant to the Participant's deferral election provided for in Section 4.2 and any Qualified Non-Elective Contribution used in the "Actual Deferral Percentage" tests.

  • Section 409A Deferred Compensation means compensation provided pursuant to an Award that constitutes nonqualified deferred compensation within the meaning of Section 409A.

  • Election Year means a year in which ordinary elections for local governments are required to be held;

  • Post-Deconsolidation Period means any Tax Period beginning after the Deconsolidation Date, and, in the case of any Straddle Period, the portion of such Straddle Period beginning the day after the Deconsolidation Date.

  • Tax Year means a period beginning with 6th April in one year and ending with 5th April in the next;

  • Nonqualified deferred compensation plan means a compensation plan described in Section 3121(v)(2)(C) of the Internal Revenue Code.

  • Transaction Payroll Taxes means all employer portion payroll or employment Taxes incurred in connection with any bonuses, option cash-outs or other compensatory payments in connection with the Transactions.

  • Elective Deferral means the portion of Compensation which is deferred by a Participant under Section 4.1.

  • Non-Income Tax Return means any Tax Return relating to Taxes other than Income Taxes.

  • Pre-Deconsolidation Period means any Tax Period ending on or before the Deconsolidation Date, and, in the case of any Straddle Period, the portion of such Straddle Period ending on the Deconsolidation Date.

  • Pre-Distribution Tax Period means any taxable period (or portion thereof) that ends on or before the Distribution Date.

  • Excess Elective Deferrals means the amount of Elective Deferrals (as defined below) for a calendar year that the Participant designates to the Plan pursuant to the following procedure. The Participant’s designation: shall be submitted to the Administrator in writing no later than March 1; shall specify the Participant’s Excess Elective Deferrals for the preceding calendar year; and shall be accompanied by the Participant’s written statement that if the Excess Elective Deferrals is not distributed, it will, when added to amounts deferred under other plans or arrangements described in Section 401(k), 408(k) or 403(b) of the Code, exceed the limit imposed on the Participant by Section 402(g) of the Code for the year in which the deferral occurred. Excess Elective Deferrals shall mean those Elective Deferrals that are includible in a Participant's gross income under Section 402(g) of the Code to the extent such Participant's Elective Deferrals for a taxable year exceed the dollar limitation under such Code section.

  • Foreign Benefit Event means, with respect to any Foreign Pension Plan, (a) the existence of unfunded liabilities in excess of the amount permitted under any applicable Law or in excess of the amount that would be permitted absent a waiver from applicable Governmental Authority or (b) the failure to make the required contributions or payments, under any applicable Law, on or before the due date for such contributions or payments.

  • Allocation Year Means (i) the period commencing on the Closing Date and ending on December 31, 2006, (ii) any subsequent period commencing on January 1 and ending on the following December 31, or (iii) any portion of the period described in clause (ii) for which the Company is required to allocate Profits, Losses and other items of Company income, gain, loss or deduction pursuant to Article V.

  • Deconsolidation Date means the last date on which SpinCo qualifies as a member of the affiliated group (as defined in Section 1504 of the Code) of which Parent is the common parent.

  • Taxable Event means any change in control or other event which triggers the imposition of any Excise Tax on any Payment.

  • Post-Distribution Tax Period means a Tax year beginning and ending after the Distribution Date.

  • Tax Benefit Payment is defined in Section 3.1(b) of this Agreement.

  • Tax Benefit Schedule is defined in Section 2.02 of this Agreement.