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Under this scenario, you can confidently sell a property and quickly close on replacement property without the stress and worry that the exchange will fail, potentially resulting in thousands of dollars of tax.
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The Liquidation Trustee shall use its commercially reasonable best efforts to give prompt notice of any such determination to the holders of the Class A Liquidation Trust Interests.
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Companies, institutions, and other entities also have financial goals and obligations that often require specialized trust and reporting services.
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Any payment or other distribution required to be made under the Plan on a day other than a Business Day shall be due on the next succeeding Business Day.
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