Accommodator definition
Examples of Accommodator in a sentence
Purchaser and the Sellers agree to cooperate with each other and the Accommodator or EAT in arranging the Exchange.
In any case, all payments that Purchaser is obligated to make to the Sellers under this Agreement shall be made to the Accommodator or the EAT and not to Seller.
The Accommodator shall not by this Agreement or acquiescence to the Exchange proposed by the Electing Party have its rights under this Agreement affected or diminished in any manner or be responsible for compliance with or be deemed to have warranted to the Electing Party that the Exchange in fact complies with Section 1031 of the Internal Revenue Code of 1986, as amended.
The Seller's rights and obligations under this Agreement may be assigned to an Accommodator of the Seller's choice for the purpose of completing such an exchange.
If an Accommodator is so designated, Lessor shall cause the Accommodator (i) to acquire title to the Leased Property from Lessor at or before the closing and, (ii) to transfer title in the Leased Property to Lessee on closing for the applicable purchase price.