Section 1031 Counterparty definition

Section 1031 Counterparty means an entity that is not an Affiliate of the Borrower and that will serve as an exchange accommodation titleholder in connection with the Section 1031 Exchange.
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Section 1031 Counterparty means a Section 1031 EAT Counterparty, a Section 1031 QI Counterparty, or any other Person that is a counterparty to a Forward 1031 Exchange under part (a) of the definition thereof, as applicable.
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Examples of Section 1031 Counterparty in a sentence

  • After giving effect to any transfer of cash or other property by the Borrower or any of its Restricted Subsidiaries to a Section 1031 Counterparty, the Borrower shall satisfy the Availability Test.

  • No Borrowing Base Properties transferred to a Section 1031 Counterparty shall be considered to be Disposed of by the Borrower and/or its Restricted Subsidiaries if they are re-transferred by the Section 1031 Counterparty to them by the Forward 1031 Deadline.

Related to Section 1031 Counterparty

  • Approved Counterparty means (a) any Lender or any Affiliate of a Lender and (b) any other Person whose long term senior unsecured debt rating is A-/A3 by S&P or ▇▇▇▇▇’▇ (or their equivalent) or higher.

  • Eligible Counterparty means an Eligible Counterparty in accordance with CySEC Rules, as specified in the document “Client Categorization Policy”.

  • Acceptable Counterparty means any counterparty to the Interest Rate Cap Agreement that has and shall maintain, until the expiration of the applicable Interest Rate Cap Agreement, a long-term unsecured debt rating of at least “A+” by S&P and “Aa3” from ▇▇▇▇▇’▇, which rating shall not include a “t” or otherwise reflect a termination risk and is otherwise reasonably acceptable to Lender.

  • Qualified Counterparty with respect to any Specified Hedge Agreement, any counterparty thereto that, at the time such Specified Hedge Agreement was entered into, was a Lender or an affiliate of a Lender.

  • Lender Counterparty means each Lender, each Agent and each of their respective Affiliates counterparty to a Hedge Agreement (including any Person who is an Agent or a Lender (and any Affiliate thereof) as of the Closing Date but subsequently, whether before or after entering into a Hedge Agreement, ceases to be an Agent or a Lender, as the case may be).