1031 Exchanges. If either Seller or Buyer seeks to sell or purchase the Property or any part thereof as an exchange of like-kind Property pursuant to Internal Revenue Code Section 1031, the other party shall cooperate therein, provided such exchange does not change the terms and conditions of this Agreement and does not impose any additional expense or liability on the other party.
Appears in 1 contract
Sources: Option Agreement for Purchase and Sale (Ugly Duckling Corp)
1031 Exchanges. If either Seller Sellers or Buyer seeks to sell or purchase the Property or any as part thereof as of an exchange of like-kind Property pursuant to Internal Revenue Code Section 1031, the other party parties shall cooperate therein, provided such exchange does not change the terms and conditions of this Agreement and does not impose any additional expense or liability on the other partyparties. No party represents or warrants to any other party that this transaction will, in fact, qualify for favorable Section 1031 treatment.
Appears in 1 contract
Sources: Purchase and Sale Agreement (Amerivest Properties Inc)