Examples of Exchanging Party in a sentence
Accordingly, the Exchanging Party may assign the Exchanging Party’s rights with respect to the Property (or any legal lot thereof) to a person or entity for the purpose of consummating a 1031 Exchange (“Intermediary”), provided that such assignment does not delay the Closing for the Property (or applicable legal lot thereof), or otherwise reduce or diminish the Exchanging Party’s liabilities or obligations hereunder.
The Cooperating Party shall not suffer any costs, expenses or liabilities for cooperating with the Exchanging Party and shall not be required to take title to the exchange property.
Such assignment by the Exchanging Party shall not release the Exchanging Party from the obligations of the Exchanging Party under this Agreement.
The Exchanging Party agrees to indemnify, defend and hold the Cooperating Party harmless from any liability, damages and costs arising out of the 1031 Exchange.
The Exchanging Party may assign any of its rights and delegate performance of any of its duties under this Agreement in whole or in part to a Third Party in order to effect such an exchange; provided that the Exchanging Party shall remain responsible to the other Party for the full and prompt performance of its delegated duties.