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 is defined in Section 12.5.
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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.


More Definitions of Tax Deferred Exchange

Tax Deferred Exchange shall have the meaning assigned thereto in Section 14.3.
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Tax Deferred Exchange shall have the meaning set forth in Section 10.6.
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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 is defined in Section 19.13.
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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 the contribution and benefit base in effect under Section 230 of the Social Security Act at the beginning of the 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 other period that is treated as a taxable year with respect to which any Tax may be imposed under any applicable statute, rule or regulation.

  • 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 taxable period beginning after the date of a Deconsolidation Event.

  • 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 the employer portion of any employment or payroll Taxes with respect to any bonuses, severance, option cashouts, Change in Control Payments or other compensatory payments in connection with the transactions contemplated by this Agreement, whether payable by Buyer, the Company or its Subsidiaries.

  • 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 any Tax other than an Income Tax.

  • Pre-Deconsolidation Period means any taxable period beginning on or prior to the applicable 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 (a) with respect to any Foreign Pension Plan, (i) 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 a Governmental Authority, (ii) the failure to make the required contributions or payments, under any applicable law, on or before the due date for such contributions or payments, (iii) the receipt of a notice by a Governmental Authority relating to the intention to terminate any such Foreign Pension Plan or to appoint a trustee to administer any such Foreign Pension Plan, or to the insolvency of any such Foreign Pension Plan and (iv) the incurrence of any liability of the Borrowers under applicable law on account of the complete or partial termination of such Foreign Pension Plan or the complete or partial withdrawal of any participating employer therein and (b) with respect to any Foreign Plan, (i) the occurrence of any transaction that is prohibited under any applicable law and could result in the incurrence of any liability by the Borrowers, or the imposition on the Borrowers of any fine, excise tax or penalty resulting from any noncompliance with any applicable law and (ii) any other event or condition that could reasonably be expected to result in liability of any of the Borrowers.

  • 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 period 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.