To meet the requirements of the Qualified Intermediary (QI) safe harbor, there must be a written exchange agreement between the Taxpayer and the QI. A Section 1031 exchange is a legal way to postpone or potentially eliminate taxes due on the sale of qualifying properties.The judgment creditor or assignee shall fill out and file Judicial Council of California Form SC90 to acknowledge full payment. This communication and the Memorandum contain statements about operating and financial plans, terms and performance. "Exchange Agreement" has the meaning set forth in Section 3.5 of this Agreement. "Exchange Party" has the meaning set forth in Section 3.5 of this Agreement. Escrow Holder shall cause the Deeds to be recorded concurrently in. Apex is a qualified intermediary within the meaning of Section 1031 of the.