Section 1031. The parties shall cooperate with each other in ------------ order that the transactions contemplated under this Agreement may be accomplished as part of a deferred exchange (the "1031 Transaction") pursuant to Section 1031 of the Code and applicable Treasury Regulations and to execute such agreements and other documents as may be necessary to complete and otherwise effectuate a tax-deferred exchange; provided, however, that Seller shall not be obligated to incur any costs, expenses or other liabilities in cooperating with Buyer hereunder. Buyer shall be permitted to assign any or all of its rights and obligations under this Agreement to a qualified intermediary without Seller's consent for purposes of qualifying the transactions hereunder as a tax- deferred exchange; provided, however, that the fees of such qualified intermediary shall be paid by Buyer; and provided further, however, that nothing in this Section shall be deemed to relieve Buyer of any of its obligations under this Agreement, including its obligations to close the transactions contemplated by this Agreement if the exchange described herein has not occurred within nine months after the date of this Agreement and the conditions to Closing described in SECTIONS 8.1 and 8.2 have been met or waived, subject to the rights of either party to terminate the Agreement pursuant to SECTION 10.1.3.
Section 1031. 47 In the event a principal is reassigned from one school building to another newly constructed or 48 newly opened building (hereinafter referred to as "new building"), the District shall have the 1 option of moving secretarial staff with the principal to the new building using the following 2 guidelines:
Section 1031. 15 The employee shall be eligible for provisions of the Federal Family and Medical Leave Act 16 (FMLA). Employees are entitled to FMLA leave if they meet the eligibility requirements set for 17 in the Federal Family and Medical Leave Act. In the event the employee is not eligible under the 18 FMLA, the Washington Family Leave Act may apply (RCW 49.78).
Section 1031. 28 Employees working in more than one (1) general job classification shall enjoy seniority in each 29 such classification, provided they continue such duties with no more than eighteen (18) months 30 break in service. Such break in service of more than eighteen (18) months shall result in loss of
Section 1031. 1. 5 Staff shall be moved only within classification, e.g., Administrative Assistant V to 6 Administrative Assistant V. 8 Section 10.3.1.2. 9 Staff shall be exempt from testing requirements.
Section 1031. 1. 38 The employee with the earliest hire date shall have preferential rights regarding promotions, 39 assignments to new or open jobs or positions, and retention of hours during layoff or 40 restructuring, when qualifications, ability, and performance are substantially equal with 41 junior employees. An employee’s qualifications, ability and performance evaluated via a 42 fair and objective hiring process, with careful consideration given to all relevant and 43 successful experience/seniority of any bargaining unit member applicant, will determine the 44 final selection.
Section 1031. Either party may elect to assign this Agreement to a qualified intermediary or third party to complete a like kind exchange of property in accordance with Section 1031 of the Internal Revenue Code of 1987, as amended. Any such election shall be at no cost or liability to the other party. Should this Agreement become part of a Section 1031 transaction, the non-electing party may enforce any and all representations, warranties, covenants and other obligations of the electing party under this Agreement directly against the electing party.
Section 1031. Xxxxx and Xxxxxx understand that it may be the preference of the other party to effectuate an exchange pursuant to the provisions of Section 1031 of the Internal Revenue Code. Both Xxxxx and Seller agree that they will cooperate with the other with respect to such exchange and execute any and all documents necessary to effectuate such exchange, provided that the other party will not be required to take title to any other real property for any instant in time and provided that neither party shall incur any costs or expenses which it would not have otherwise incurred in the absence of an exchange. Both Seller and Buyer hereby agree, understand and acknowledge that Seller’s sale of the Property and Xxxxx’s purchase of the Property are not subject to or conditioned upon the purchase or sale of any other such property.
Section 1031. Notwithstanding any provision to the contrary in this Agreement, GCI and Cox agree that the exchange of the Stations contemplated hereby shall be accomplished in a manner enabling the transfer of the Cox Assets and GCI Assets to qualify as a like-kind exchange of property within the meaning of Section 1031 of the Code, including but not limited to, the assignment of this Agreement by Cox to a qualified intermediary in order that the acquisition of additional replacement property for the Cox Assets may be accomplished as a deferred exchange pursuant to applicable Treasury Regulations. Cox covenants with and warrants to GCI, and GCI covenants with and warrants to Cox, that (a) in no tax return hereafter filed by Cox or any affiliate of Cox, or by GCI or any affiliate of GCI, or any of their respective representatives, successors or assigns, will Xxx xx GCI or any of their respective representatives, successors or assigns, treat any such exchange inconsistently with or differently than a "like-kind" exchange within the meaning of Section 1031 of the Code, and (b) in no tax audit, tax examination, tax review or tax litigation will Xxx xx any affiliate of Cox, or GCI or any affiliate of GCI, or any of their respective representatives, successors or assigns, treat any such exchange inconsistently with or differently than a "like-kind" exchange within the meaning of Section 1031 of the Code. Each party agrees to cooperate with the other party in order that Cox, GCI and the qualified intermediary may effectuate a tax-deferred exchange of like-kind property pursuant to Section 1031 of the Code. The parties agree to execute such agreements and other documents as may be necessary to complete and otherwise effectuate the tax-deferred exchange.
Section 1031. The parties agree that the applicable party will execute such agreements and other documents as may be necessary, in the opinion of counsel for BUYER, to complete and otherwise effectuate such tax- deferred exchange in accordance with 26 U.S.C. Section 1031.
