Common use of Simultaneous Exchange Clause in Contracts

Simultaneous Exchange. Landlord may attempt to identify before the closing other property which qualifies as "like-kind" property for a 1031 Exchange (the "TARGET PROPERTY") by giving written notice to Tenant and any escrow holder and identifying to such escrow holder the Target Property prior to the closing.

Simultaneous Exchange. Landlord may attempt to identify before the closing close of escrow other property which qualifies as "“like-kind" ” property for a 1031 Exchange (the "TARGET PROPERTY"“Target Property”) by giving written notice to Tenant and any escrow holder and identifying to such the escrow holder the Target Property prior to the closingclose of escrow.