EAT definition

EAT has the meaning given that term in the definition of 1031 Property.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedBook a Demo

EAT has the meaning ascribed to such term in Section 10.7.

EAT shall have the meaning set forth in Section 10.2.

Examples of EAT in a sentence

• Buyers agree to cooperate with Sellers and with the qualified intermediary or EAT by executing any documentation reasonably necessary to effect said exchange.

• Sellers agree to cooperate with Buyers and with the Qualified Intermediary or EAT by executing any documentation reasonably necessary to effect said exchange.

• Further, the parties acknowledge all right, title and interest in this Contract may be assigned by Sellers to a qualified intermediary or an EAT for purposes of facilitating said tax-deferred exchange in accordance with Internal Revenue Code and the Internal Revenue Service regulations.

• The Seller acknowledges and agrees that any assignment of its rights and obligations under this Agreement to a QI or EAT shall not release the Seller from any of its liabilities, responsibilities or obligations under this Agreement.

• Further, the parties acknowledge all right, title, and interest in this Contract may be assigned by Buyers to a Qualified Intermediary or an EAT for the purpose of facilitating said tax deferred exchange in accordance with the Internal Revenue Code and the Internal Revenue Service Regulations.

More Definitions of EAT

EAT has the meaning set forth in Section 12.22.3.

EAT means SCFS Reverse Exchange, LLC, a Delaware limited liability company, which is an exchange accommodation intermediary. The EAT is wholly owned and controlled by Comerica .

EAT means Expenditure, Advances and Transfers

EAT means an exchange accommodation titleholder as described in Revenue Procedure 2000-37.

EAT has the meaning set forth in Section 1.7(e).

EAT is an Exchange Accommodation Titleholder that is a special purpose, limited liability company that owns the Exchange Interests as of the date of this Loan Agreement to facilitate the Reverse Tax-Deferred Exchange.

EAT means an exchange accommodation titleholder that (a) is a third party special purpose entity established at the request of a Credit Party specifically for the purpose of allowing the Consolidated Group to benefit from the like-kind exchange tax benefits under Section 1031 of the Code and the regulations promulgated thereunder, (b) has no assets other than the property subject to the reverse 1031 exchange and (c) has no debt other than the loan(s) made by a Credit Party to such EAT and any other de minimis debt incurred in the ordinary course of its business.