Qualified Intermediary definition

Qualified Intermediary means any Person acting as a “qualified intermediary” for BMW FS’s Like-Kind Exchange Program pursuant to Section 1.1031(k)-1(g)(4) of the Treasury Regulations promulgated under the Code.
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Qualified Intermediary means any Person acting in its capacity as a qualified intermediary to facilitate any Like-Kind Exchange or operate and/or own a Like-Kind Exchange Account.
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Qualified Intermediary means a Person satisfying the requirements for a “qualified intermediary” within the meaning of Section 1031 of the Code and the regulations thereunder.
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Examples of Qualified Intermediary in a sentence

  • Seller express- ly reserves the right to assign its rights, but not its obligations, hereunder to a Qualified Intermediary as provided in IRC Reg.

  • Seller's assignment to a Qualified Intermediary will not relieve Seller of any of its duties or obligations herein.

  • Likewise, Buyer shall have the right at any time prior to completion of all the transactions that are to occur at Closing to assign all or a portion of its rights under this Agreement to a Qualified Intermediary for the same purpose.

  • Upon any such assignment, Seller shall promptly give written notice thereof to Buyer, and Buyer shall cooperate with the reasonable requests of Seller and any Qualified Intermediary in connection therewith.

  • Without limiting the generality of the foregoing, if Seller gives notice of such assignment, Buyer shall (i) promptly provide Seller with written acknowledgment of such notice and (ii) at Closing, pay the Purchase Price (or any portion thereof designated by the Qualified Intermediary) to or on behalf of the Qualified Intermediary (which payment shall, to the extent thereof, satisfy the obligations of Buyer to make such payment hereunder).


More Definitions of Qualified Intermediary

Qualified Intermediary means a person described in Treas. Reg.§1.1441-1(e)(5)(ii) to the Code, that enters into a withholding agreement with the IRS to be treated as a qualified intermediary and acts in its capacity as a qualified intermediary;
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Qualified Intermediary means an entity that is engaged by AmeriCredit to participate in a LKE Program that qualifies as a “Qualified Intermediary” as defined in Section 1.1031(k)-1(g)(4) of the Treasury Regulations.
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Qualified Intermediary means such entity that (a) will be acting in connection with the Exchange Program so as to permit RCFC to make use of the "qualified intermediary" safe harbor of Treasury Regulation ss.1.1031(k)-1(g)(4) and (b) is acceptable to the Group II Required Noteholders and the Rating Agencies.
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Qualified Intermediary means United Rentals Exchange, LLC, a qualified intermediary as defined in Treasury Regulation Section 1.1031(k)-1(g)(4).
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Qualified Intermediary shall have the meaning set forth in the definition of the term Unencumbered Property.
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Qualified Intermediary means a non-profit entity
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Qualified Intermediary shall have the meaning set forth in the recitals hereto.
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