Restriction on Sale of Sonoma Property Clause Samples
The 'Restriction on Sale of Sonoma Property' clause limits or prohibits the sale or transfer of a specific property located in Sonoma. Typically, this clause outlines conditions under which the property may be sold, such as requiring approval from certain parties or restricting sales for a defined period. Its core function is to control ownership changes, thereby protecting the interests of stakeholders or ensuring compliance with broader agreements or regulations.
Restriction on Sale of Sonoma Property. The General Partner hereby acknowledges that the Partnership's ability to sell or otherwise transfer the Sonoma Property is subject to certain restrictions under the Sonoma Contribution Agreement for a period of seven (7) years after the date of the Sonoma Contribution Agreement, or as otherwise set forth at the end of Article II of the Sonoma Contribution Agreement.