Deferred Like-Kind Exchange Cooperation. Each of the Buyers and the Seller shall cooperate fully, as and to the extent reasonably requested by the other Party, in connection with enabling the transactions contemplated by this Agreement to qualify in whole or in part as a “like kind” exchange pursuant to Section 1031 of the Code. Each of the Buyers and the Seller agree to indemnify and hold harmless the other Party against any and all Damages with respect to furnishing such cooperation. Each Party may assign its rights under this Agreement to a “qualified intermediary” to facilitate a like-kind exchange.
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Samples: Asset Sale and Purchase Agreement (Holly Energy Partners Lp), Asset Sale and Purchase Agreement (Holly Corp)
Deferred Like-Kind Exchange Cooperation. Each of the Buyers Buyer and the Seller shall cooperate fully, as and to the extent reasonably requested by the other Party, in connection with enabling the transactions contemplated by this Agreement to qualify in whole or in part as a “like like-kind” exchange pursuant to Section 1031 of the Code. Each of the Buyers Buyer and the Seller agree to indemnify and hold harmless the other Party against any and all Damages with respect to furnishing such cooperation. Each Party may assign its rights under this Agreement to a “qualified intermediary” to facilitate a like-kind exchange.. Section 11.13
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Samples: Asset Sale and Purchase Agreement
Deferred Like-Kind Exchange Cooperation. Each of the Buyers Buyer and the Seller Sellers shall cooperate fully, as and to the extent reasonably requested by the other Party, in connection with enabling the transactions contemplated by this Agreement to qualify in whole or in part as a “like kind” exchange pursuant to Section 1031 of the Code. Each of the Buyers Buyer and the Seller Sellers agree to indemnify and hold harmless the other Party against any and all Damages Adverse Consequences with respect to furnishing such cooperation. Each Party may assign its rights under this Agreement to a “qualified intermediary” to facilitate a like-kind exchange.
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Samples: Asset Sale Agreement (Sunoco Inc)
Deferred Like-Kind Exchange Cooperation. Each of the Buyers Buyer and the Seller shall cooperate fully, as and to the extent reasonably requested by the other Party, in connection with enabling the transactions contemplated by this Agreement to qualify in whole or in part as a “like like-kind” exchange pursuant to Section 1031 of the Code. Each of the Buyers Buyer and the Seller agree to indemnify and hold harmless the other Party against any and all Damages with respect to furnishing such cooperation. Each Party may assign its rights under this Agreement to a “qualified intermediary” to facilitate a like-kind exchange.
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