Common use of The Lock-Up Clause in Contracts

The Lock-Up. Each Contributor hereby agrees that without the prior written consent of FAC, it will not, directly or indirectly, sell, offer or contract to sell, grant any option for the sale of, seek redemption of or otherwise dispose of or transfer (collectively, "dispose of"), any Partnership Units received hereby except as set forth in SCHEDULE 3.1(C) hereof.

Appears in 1 contract

Sources: Master Agreement (Fac Realty Trust Inc)

The Lock-Up. Each Contributor hereby agrees that without the prior written consent of FAC, it will not, directly or indirectly, sell, offer or contract to sell, grant any option for the sale of, seek redemption of or otherwise dispose of or transfer (collectively, "dispose of"), any Partnership Units received hereby except as set forth in SCHEDULE 3.1(CSchedule 3.1(c) hereof.

Appears in 1 contract

Sources: Master Agreement (Konover Property Trust Inc)