Qualified Intermediary definition

Qualified Intermediary means any Person acting in its capacity as a qualified intermediary to facilitate any Like-Kind Exchange or operate and/or own a Like-Kind Exchange Account.

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Qualified Intermediary means any Person acting as a “qualified intermediary” for BMW FS’s Like-Kind Exchange Program pursuant to Section 1.1031(k)-1(g)(4) of the Treasury Regulations promulgated under the Code.

Qualified Intermediary means a Person satisfying the requirements for a “qualified intermediary” within the meaning of Section 1031 of the Code and the regulations thereunder.

Examples of Qualified Intermediary in a sentence

Each Party shall pay its own expenses related to its evaluation, negotiation, and completion of the Transaction, including all consultants’ fees, attorneys’ fees, accountants’ fees, and similar expenses and any expense associated with a transfer of its rights under this Agreement to a Qualified Intermediary or an Exchange Accommodation Titleholder.
Buyer shall pay the Closing Date Payment Amount to Seller (unless Seller has notified Buyer of the transfer of its rights under this Agreement, in which case Buyer shall pay the Closing Purchase Price to the Qualified Intermediary or Exchange Accommodation Titleholder).
If Seller desires to transfer its rights to a Qualified Intermediary or an Exchange Accommodation Titleholder in connection with a Like-Kind Exchange, Seller must notify Buyer of that transfer.
Notwithstanding the foregoing, Seller may transfer any of its rights under this Agreement to a Qualified Intermediary or an Exchange Accommodation Titleholder in connection with a Like-Kind Exchange; provided, that no such transfer shall relieve Seller of any of its duties, obligations, liabilities, or responsibilities under this Agreement, all of which shall remain in full force and effect as though no such transfer had occurred.

More Definitions of Qualified Intermediary

Qualified Intermediary means a person described in Treas. Reg.§1.1441-1(e)(5)(ii) to the Code, that enters into a withholding agreement with the IRS to be treated as a qualified intermediary and acts in its capacity as a qualified intermediary;

Qualified Intermediary means an entity that is engaged by AmeriCredit to participate in a LKE Program that qualifies as a “Qualified Intermediary” as defined in Section 1.1031(k)-1(g)(4) of the Treasury Regulations.

Qualified Intermediary means such entity that (a) will be acting in connection with the Exchange Program so as to permit RCFC to make use of the "qualified intermediary" safe harbor of Treasury Regulation ss.1.1031(k)-1(g)(4) and (b) is acceptable to the Group II Required Noteholders and the Rating Agencies.

Qualified Intermediary means United Rentals Exchange, LLC, a qualified intermediary as defined in Treasury Regulation Section 1.1031(k)-1(g)(4).

Qualified Intermediary means a non-profit entity

Qualified Intermediary shall have the meaning set forth in the definition of the term Unencumbered Property.

Qualified Intermediary. With respect to any Loan Party, a qualified intermediary within the meaning of Internal Revenue Service Regulation 1.1031(k)-1(g)(4) that is acting for the benefit of such Loan Party.