Exchange funds definition

Exchange funds means the funds received by an exchange facilitator from or on behalf of a client for the purpose of facilitating an exchange of like-kind property;

Exchange funds means the funds received by the exchange facilitator from or on behalf of the

Exchange funds means the funds received by an exchange

Examples of Exchange funds in a sentence

• Any Development not utilizing Housing Tax Credits or Exchange funds.

• Exchange funds are not subject to execution or attachment on any claim against an exchange facilitator.

• Exchange funds are invested in a manner that does not provide sufficient liquidity to meet the exchange facilitator's contractual obligations to the taxpayer and does not preserve the principal of the exchange funds.

• Exchange funds are loaned or otherwise transferred to any person or entity, other than a financial institution, that is affiliated with or related to the exchange facilitator.

• A monitoring fee equal to eight percent (8%) of the total annual Housing Credits allocation, or total original housing credit allocation prior to return of such credits and award of Section 1602 Exchange funds, as applicable, will be required at the time the owner submits the final development cost certification requesting issuance of IRS Form 8609(s).

More Definitions of Exchange funds

Exchange funds has the meaning set forth in Section 2.10(a).

Exchange funds has the meaning set forth in Section 3.02(a).

Exchange funds has the meaning set forth in Section 3.2(a).

Exchange funds means the net cash proceeds realized from the transfer and closing of the Relinquished Property to the Purchaser, net of all amounts paid with respect to encumbrances on that property, plus ordinary and customary costs of sale related to that transfer, which amount shall be deposited with the Qualified Intermediary in accordance with the provisions of this Agreement. After deposit, the Exchange Funds shall also consist of any earnings realized from that deposit or investment of the Exchange Funds. Finally, the Exchange Funds shall also consist of any additional advancements or loan funds deposited by the Exchangor on account of the purchase of the Replacement Property.

Exchange funds means the net consideration from the sale of relinquished property acquired by LES pursuant to an Exchange Agreement.

Exchange funds means the amount that Intermediary receives from a Purchaser with respect to a sale of Relinquished Property including the value of any trade-in property as described in Section 3.02 herein.

Exchange funds means the net cash proceeds realized from the transfer of the Relinquished Property to Purchaser, net of all amounts paid with respect to encumbrances on that property and ordinary and customary costs of sale related to that transfer, which proceeds shall be deposited with Intermediary in accordance with the provisions of this Agreement. After deposit, the Exchange Funds shall also consist of any earnings realized from the deposit or investment of the Exchange Funds. Finally, the Exchange Funds shall include any additional advancements or loan funds deposited by Exchanger on account of the purchase of the Replacement Property.