Common use of Reporting Person Clause in Contracts

Reporting Person. Seller and Buyer hereby designate Escrow Holder as the Real Estate Reporting Person for purposes of Section 6045 of the Internal Revenue Code; and Escrow Holder, by its execution below, hereby accepts such appointment.

Appears in 4 contracts

Sources: Purchase Agreement (Carlyle Income Plus LTD), Purchase Agreement (JMB Income Properties LTD Xiii), Purchase Agreement (Carlyle Real Estate LTD Partnership Xvii)