Deeding Clause Samples

Deeding. Exchanger and API shall instruct Closing Agent to prepare an instrument transferring legal title directly from Exchanger to Purchaser pursuant to and consistent with and pursuant to Treasury Regulations Section 1.1031 (k)-1(g)(4)(iv), to avoid the duplication of transfer taxes and recording fees. Closing Agent shall also be instructed not to record such an instrument in the name of API unless directed to do so in writing by Exchanger and API.