Qualified Intermediary definition

Qualified Intermediary means any Person acting as a “qualified intermediary” for BMW FS’s Like-Kind Exchange Program pursuant to Section 1.1031(k)-1(g)(4) of the Treasury Regulations promulgated under the Code.

Qualified Intermediary means a Person satisfying the requirements for a “qualified intermediary” within the meaning of Section 1031 of the Code and the regulations thereunder.

Qualified Intermediary means any Person acting in its capacity as a qualified intermediary to facilitate any Like-Kind Exchange or operate and/or own a Like-Kind Exchange Account.

Examples of Qualified Intermediary in a sentence

• Seller express- ly reserves the right to assign its rights, but not its obligations, hereunder to a Qualified Intermediary as provided in IRC Reg.

• Either the Seller or Buyer or both may assign his/her rights in the contract to a Qualified Intermediary for the purpose of effecting a tax-deferred exchange.

• In August 2010, the IRS withdrew with prejudice the Notice of Default it had served on UBS in May 2008 with respect to the Qualified Intermediary Agreement between UBS and the IRS.

• The xxxxxxx money payment may be applied to reduce the purchase 22 price at the date of closing, or, in the event of a replacement xxxxxxx money deposit by 23 Buyer, Exchange Accommodation Title Holder or Qualified Intermediary, as those terms 24 are defined in the regulations promulgated pursuant to Section 1031 of the Internal 25 Revenue Code, the Closing Agent may reimburse the xxxxxxx money deposit to the Buyer.

• Only a foreign withholding agent that has entered into a Qualified Intermediary agreement with the IRS can have a QI-EIN.

More Definitions of Qualified Intermediary

Qualified Intermediary means an entity that is engaged by AmeriCredit to participate in a LKE Program that qualifies as a “Qualified Intermediary” as defined in Section 1.1031(k)-1(g)(4) of the Treasury Regulations.

Qualified Intermediary means a person described in Treas. Reg.§1.1441- 1(e)(5)(ii) to the Code, that enters into a QI Agreement with the IRS to be treated as a qualified intermediary and acts in its capacity as a qualified intermediary.

Qualified Intermediary means United Rentals Exchange, LLC, a qualified intermediary as defined in Treasury Regulation Section 1.1031(k)-1(g)(4).

Qualified Intermediary means such entity that (a) will be acting in connection with the Exchange Program so as to permit RCFC to make use of the "qualified intermediary" safe harbor of Treasury Regulation ss.1.1031(k)-1(g)(4) and (b) is acceptable to the Group II Required Noteholders and the Rating Agencies.

Qualified Intermediary shall have the meaning set forth in the definition of the term Unencumbered Property.

Qualified Intermediary has the meaning set forth in the Master Collateral Agency Agreement.

Qualified Intermediary means a non-profit entity