Identification Period definition

Identification Period means with respect to each Group II Exchanged Vehicle transferred, the period beginning on the date such Group II Exchanged Vehicle is transferred and ending at midnight on the 45th day thereafter, irrespective of whether such day is a weekend day or a holiday.

Identification Period means, with respect to the Relinquished Property transferred in an Exchange, as defined in Section 1.1031(k)-l(b)(2) of the Treasury Regulations, the period beginning on the date such Relinquished Property is transferred to the QI and ending at 11:59 p.m. (New York City time) on the forty-fifth (45th) calendar day thereafter (irrespective of whether such day is a weekend day or a holiday).

Identification Period means with respect to each Exchange, the period beginning on the date Exchangor transfers the first Relinquished Property for such Exchange and ending at midnight on the 45th calendar day thereafter (irrespective of whether such day is a weekend day or holiday), all as provided in Code Section 1031 of the Code and Section 1.101(k)-1(b)(2) of the Treasury Regulations.

Examples of Identification Period in a sentence

• Under Section 6, the Affected Taxpayer may extend the Identification Period deadline to October 15, the last day of the Postponement Period.

• It shall be the Exchangor’s responsibility to identify Replacement Property prior to the expiration of the Identification Period.

• Provided one or more properties have been properly identified within the Identification Period, the Qualified Intermediary shall use its best efforts to acquire and transfer to the Exchangor the Replacement Property so identified at such prices and upon such other terms and conditions as have been preapproved by the Exchangor.

• If the Court enters the Preliminary Approval Order on July 26, 2016 (the date of the preliminary approval hearing), the Eligible Seller Identification Period will run until September 16, 2016.

• The Eligible Seller Identification Period will last at least 45 days from entry of the Preliminary Approval Order.

More Definitions of Identification Period

Identification Period means each 12-month period ending on December 31 of each calendar year.

Identification Period means the twelve (12) month period ending each December 31.

Identification Period means, with respect to the Exchange Account established pursuant to this Agreement, the period beginning on the date of disposition of any Relinquished Property, the Qualified Proceeds of which are deposited into the Exchange Account, and ending at midnight on the forty-fifth (45th) day thereafter (irrespective of whether such day is a weekend or holiday) or such later date is allowed pursuant to guidance published by the Internal Revenue Service pursuant to Section 7508A of the Internal Revenue Code, as amended, providing for postponement of the end of the Exchange Period due to a Presidentially declared disaster and as provided in Rev. Proc. 2007-56.

Identification Period means a period of twelve (12) months from the InveniAI’s receipt of the Product Concept Identification Fees.

Identification Period means that period of time commencing on the closing date of the Relinquished Property and ending at midnight on the 45th day thereafter.

Identification Period means with respect to each Group VI Exchanged Vehicle transferred, the period beginning on the date such Group VI Exchanged Vehicle is transferred and ending at midnight on the 45th day thereafter, irrespective of whether such day is a weekend day or a holiday.

Identification Period is defined in Section 1.1 of the Master Exchange Agreement.