Relinquished Property Sample Clauses

Relinquished Property. Real property sold, given away or abandoned by the “Named Insured”, if the “property damage” arises from any part of such real property. This exclusion II. A. 2. q. vii. does not apply if the real property:
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Relinquished Property. Relinquished Property" means the parcel or parcels of real property that Exchanger beneficially owned and held either for productive use in a trade or business or for investment, and that Qualified Intermediary will sell and convey (or cause to be conveyed) in exchange for Exchanger's interest in the Replacement Property in accordance with this Agreement.
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Relinquished Property. Intermediary shall take an assignment of rights under the contract providing for the transfer of the Relinquished Property to the ultimate purchaser of the Relinquished Property (“Buyer”). Such contract (the “First Contract”) shall be in form and substance satisfactory to Intermediary. In the event of an assignment of contract rights, under the First Contract, Taxpayer is responsible for, and shall, on or before the Transfer Date, notify, in writing, all parties to the First Contract of the assignment. On or before the Transfer Date, Taxpayer shall transfer the Relinquished Property to Intermediary (subject to the First Contract) and Intermediary shall transfer the Relinquished Property to Buyer in accordance with, and in exchange for, the considerations specified in the First Contract. The net proceeds (the “Relinquished Property Equity”), as determined by Taxpayer, or Taxpayer’s Counsel, and in accordance with the Code and the Treasury Regulation thereunder, shall be paid to the order of Intermediary. Intermediary shall promptly deliver the same to Escrowee for deposit into the Account. In all cases, Taxpayer shall convey the Relinquished Property directly to Buyer.
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Relinquished Property. Unless otherwise agreed to the contrary, title to the Relinquished Property shall be directly deeded from EXCHANGOR to BUYER.
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Relinquished Property. Purchaser acknowledges that Seller has the right to perform a tax-deferred exchange 6 XXXXXX LAND COMPANY transaction pursuant to Section 1031 of the Internal Revenue Code and Section 1.1031 of the treasury Regulations and that Seller’s rights, title and interest (but not obligations) pursuant to this Purchase Agreement will be assigned to a Qualified Intermediary for the purposes of completing Seller’s 1031 Exchange Transaction. Xxxxxxxxx agrees to cooperate with Xxxxxx and Xxxxxx’s Intermediary at no cost or liability to Purchaser, by executing the documents necessary to complete Seller’s 1031 Exchange transaction.
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Relinquished Property 
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Related to Relinquished Property

  • Abandoned Property If Tenant abandons the Premises, or is dispossessed by process of law or otherwise, any movable furniture, equipment, trade fixtures or personal property belonging to Tenant and left in the Premises shall be deemed to be abandoned, at the option of Landlord, and Landlord shall have the right to sell or otherwise dispose of such personal property in any commercially reasonable manner.

  • REMAINING PROPERTY If any cash or any securities or other financial assets of the Portfolio held by the Custodian hereunder remain held by the Custodian after the termination of this Agreement owing to the failure of the applicable Fund to provide Proper Instructions, the Custodian shall be entitled to fair compensation for its services during such period as the Custodian holds the cash or the securities or other financial assets (the existing agreed-to compensation at the time of termination shall be one indicator of what is considered fair compensation). The provisions of this Agreement relating to the duties, exculpation and indemnification of the Custodian shall apply in favor of the Custodian during such period.

  • Cash and Property Such consideration shall:

  • Condition of the Leased Property Lessee acknowledges receipt and delivery of possession of the Leased Property. Lessee has examined and otherwise has knowledge of the condition of the Leased Property and has found the same to be satisfactory for its purposes hereunder. Lessee is leasing the Leased Property “as is” in its present condition. Lessee waives any claim or action against Lessor in respect of the condition of the Leased Property. LESSOR MAKES NO WARRANTY OR REPRESENTATION, EXPRESS OR IMPLIED, IN RESPECT OF THE LEASED PROPERTY, OR ANY PART THEREOF, EITHER AS TO ITS FITNESS FOR USE, DESIGN OR CONDITION FOR ANY PARTICULAR USE OR PURPOSE OR OTHERWISE, AS TO THE QUALITY OF THE MATERIAL OR WORKMANSHIP THEREIN, LATENT OR PATENT, IT BEING AGREED THAT ALL SUCH RISKS ARE TO BE BORNE BY LESSEE. LESSEE ACKNOWLEDGES THAT THE LEASED PROPERTY HAS BEEN INSPECTED BY LESSEE AND IS SATISFACTORY TO IT. Provided, however, to the extent permitted by law, Lessor hereby assigns to Lessee all of Lessor’s rights to proceed against any predecessor in title (other than any Affiliate of Lessee, which conveyed the Property to Lessor) for breaches of warranties or representations or for latent defects in the Leased Property. Lessor shall fully cooperate with Lessee in the prosecution of any such claim, in Lessor’s or Lessee’s name, all at Lessee’s sole cost and expense. Lessee hereby agrees to indemnify, defend and hold harmless Lessor from and against any claims, obligations and liabilities against or incurred by Lessor in connection with such cooperation.

  • Leased Property Upon and subject to the terms and conditions hereinafter set forth, Landlord leases to Tenant and Tenant leases from Landlord all of Landlord's right, title and interest in and to all of the following (collectively, the "Leased Property"):

  • The Property The Landlord agrees to lease the described property below to the Tenant: (enter the property information)

  • Exclusive Property The Executive confirms that all protected information is and shall remain the exclusive property of the Company Group. All business records, papers and documents kept or made by the Executive relating to the business of the Company shall be and remain the property of the Company Group.

  • Excluded Property Notwithstanding anything to the contrary in Section 2.1, the property, assets, rights and interests set forth in this Section 2.2 (the “Excluded Property”) are excluded from the Property:

  • Property or Properties As the context requires, any, or all, respectively, of the Real Property acquired by the Company, either directly or indirectly (whether through joint venture arrangements or other partnership or investment interests).

  • Personal Property In addition to the real property described in Section II, the Seller shall include the following personal property: _ The real property in Section II and any personal property in Section III shall be collectively known as the “Property”.

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