Contributor’s Tax Acknowledgment Sample Clauses
Contributor’s Tax Acknowledgment. Each Contributor represents and warrants that it has obtained from its own counsel advice regarding the tax consequences of (i) the transfer of Contributor’s Village Green Interests to the REIT, and its receipt of the Consideration as consideration therefor, (ii) each Contributor’s receipt of the allocated REIT Shares; and (iii) any other transaction contemplated by this Agreement. Each Contributor acknowledges and understands that the contribution transactions contemplated by this Agreement will be treated as a taxable sale of each Contributor’s respective Village Green Interests in exchange for the respective Consideration received by each such Contributor. Each Contributor further represents and warrants that it has not relied on the REIT, the Operating Partnership, any other Contributor or any such party’s respective affiliates, representatives, counsel or other advisors and their respective representatives for such tax advice.
Contributor’s Tax Acknowledgment. Contributor represents and warrants that it has obtained from its own counsel advice regarding the tax consequences of (i) the transfer of the Property to the Operating Partnership and its receipt of the Consideration, as consideration therefor, (ii) Contributor’s receipt of the allocated OP Units; and (iii) any other transaction contemplated by this Agreement. Contributor further represents and warrants that it has not relied on the REIT, the Operating Partnership or any such party’s respective affiliates, representatives, counsel or other advisors and their respective representatives for such tax advice.
Contributor’s Tax Acknowledgment. Contributor represents and warrants that it has obtained from its own counsel advice regarding the tax consequences of (i) the transfer of Contributor’s Oak Crest Interests to the REIT and its receipt of the Consideration, as consideration therefor, (ii) Contributor’s receipt of the allocated REIT Shares; and (iii) any other transaction contemplated by this Agreement. Contributor acknowledges and understands that the contribution transaction contemplated by this Agreement will be treated as a taxable sale of Contributor’s Oak Crest Interests in exchange for the Consideration. Contributor further represents and warrants that it has not relied on the REIT, the Operating Partnership or any such party’s respective affiliates, representatives, counsel or other advisors and their respective representatives for such tax advice.
Contributor’s Tax Acknowledgment. Each Contributor represents and warrants that it has obtained from its own counsel advice regarding the tax consequences of (i) the transfer of Contributor’s Waterford Interests to the REIT, and its receipt of the Consideration as consideration therefor, (ii) in the case of SOIF II, its receipt of the allocated REIT Shares; and (iii) any other transaction contemplated by this Agreement. Each Contributor acknowledges and understands that the contribution transactions contemplated by this Agreement will be treated as a taxable sale of each Contributor’s respective Waterford Interests in exchange for the respective Consideration owing to each such Contributor. Each Contributor further represents and warrants that it has not relied on the REIT, the Operating Partnership, any other Contributor or any such party’s respective affiliates, representatives, counsel or other advisors and their respective representatives for such tax advice.