Common use of 1031 Exchange Clause in Contracts

1031 Exchange. Each party shall reasonably cooperate if another party intends to structure the transfer or acquisition of the Property as part of an exchange under 26 U.S.C. § 1031 (“Exchange”). This Agreement may be assigned for purposes of an Exchange, but the assignor shall not be released from any obligation. A party is not required to assume or incur any additional obligation in connection with another party’s Exchange.

1031 Exchange. Each party shall reasonably cooperate if another party intends to structure the transfer or acquisition of all or part of the Property as part of an exchange under 26 U.S.C. § §1031 of the Internal Revenue Code (“Exchange”). This Agreement The rights of a party may be assigned to a qualified intermediary or exchange accommodation titleholder for purposes of an Exchange, but the assignor shall not be released from any obligationobligation under this Agreement. A No party is not shall be required to acquire title to any other property, assume any additional liabilities or obligations or incur any additional obligation in connection with expense as a result of another party’s Exchange.

1031 Exchange. Each party shall reasonably cooperate if another the other party intends to structure the transfer or acquisition of the Property as part of an exchange under 26 U.S.C. § 1031 (“Exchange”). This Agreement may be assigned for purposes of an Exchange, but the assignor shall not be released from any obligation. A party is not required to assume or incur any additional obligation in connection with another party’s Exchange.

1031 Exchange. Each party shall reasonably cooperate if another party intends to structure the transfer or acquisition of all or any part of the Property as part of an exchange under 26 U.S.C. § §1031 of the Internal Revenue Code (“Exchange”). This Agreement The rights of a party may be assigned to a qualified intermediary or exchange accommodation titleholder for purposes of an Exchange, but the assignor shall not be released from any obligationobligation under this Agreement. A No party is not shall be required to acquire title to any other property, assume any additional liabilities or obligations or incur any additional obligation in connection with expense as a result of another party’s Exchange.