Lock-in Period. The Allottee cannot nominate in favour of any third party before the expiry of a period of 12 (Twelve) months from the date of this Agreement.
Lock-in Period. Both the parties have agreed to set a lock-in period of months during which neither the licensor shall ask the licensee to vacate the premises, nor the licensee shall vacate the premises on his own during the lock-in period. In spite of this mandatory clause, if the licensee leaves the premises for whatsoever reason, he shall pay to the licensor license fee for the remaining lock-in period at the rate of agreed upon in the agreement. On the other hand, Licensor shall compensate the Licensee for loss and inconvenience caused to the Licensee if he has been asked to vacate the premises.”
Lock-in Period i. It has been specifically agreed by the Lessee that this Deed has a Lock-in-Period of initial months (hereinafter referred to as the “Lock-In period”) from the Lease Commencement Date. By any which case it means that the Lessee will continue to pay the Lease Rent for the first months continuously and without any interruption.
Lock-in Period. The Buyer cannot sell and/or nominate the Said Unit And Appurtenances to and in favour of any third person before the expiry of a period of 12 (twelve) months from the date of this Agreement.
Lock-in Period. The Allottee cannot nominate any third party before the expiry of a period of 12 months from the date of allotment of the said Apartment.
Lock-in Period. (if applicable) The second party (depositor) shall not vacate the storage space allotted under this agreement (including any addendum) within months/years from the date of commencement of this agreement. CWC shall also not ask the second party to vacate the storage space within the lock-in period of …….months/years.
Lock-in Period. During the five (5) year period immediately following the Contribution Closing (the “Lock-in Period”), the Members and their Subsidiaries and Parent Entities shall not Transfer or solicit any Transfer of any JV Securities without the prior written consent of the non-transferring Class B Members, which, during the first three (3) years of the Lock-in Period, can be withheld in any such Class B Member’s sole discretion and, during the last two (2) years of the Lock-in Period, cannot be unreasonably withheld. After the expiration of the Lock-In Period, the Members and their Subsidiaries may, subject to the restrictions on Transfer contained in this Article 4, Transfer all or any portion of their JV Securities to a Third Party without the necessity of obtaining the prior written consent of each of the Class B Member(s). Furthermore, under no circumstances shall a Class B Member Transfer its JV Securities during the pendency of a Contribution Breach by such Class B Member.
Lock-in Period. Except as provided herein, it has been expressly agreed by and between the parties hereto that neither party shall have the right to terminate the Lease hereby given for the initial period of 36 (Thirty six) months i.e. up to January 31, 2009 (“Lock In Period”). In the event that the Lessee terminates the lease under this Deed during the Lock In Period, the Lessee will pay the Lease rentals that will be payable under this Deed, for the unexpired portion of the Lock In Period and the Lessor shall refund to the Lessee the balance security deposit after deducting from it the rent for the unexpired lease term i.e. up to 31st January 2009. Provided that if the security deposit is less than the amount of the lease rent payable by the Lessee to the Lessor, including the lease rent for the unexpired Lock-in-Period, the Lessee shall, simultaneously on vacating the Leased Premises but no later than fifteen (15) days from the date of such termination, pay the balance amount payable to the Lessor. Failure to pay so within the said time frame of fifteen (15) days, the Lessee shall be liable to pay as penal charges, an amount equal to twice the amount of the prevailing lease rent for the unexpired Lock-in-Period.
Lock-in Period. Except as provided in this Deed, the LESSEE and the LESSOR shall not be entitled to terminate the Lease for an initial period of Sixty (60) months from the Rent Commencement Date (hereinafter referred to as “Lock-In Period”). In the event of the LESSEE being desirous to terminate the Lease during the Lock-In Period for reasons other than the breach on the part of the LESSOR, or the LESSOR terminating the Lease due to the default of the LESSEE, the LESSEE will become liable to pay the Rent with respect to the Scheduled Premises for the remainder of the Lock-In Period. If a termination is caused due to breach by the Lessor of its obligation under this Deed, the Lessee will not be required to pay any amounts for the remainder of the Lock-in period. If the LESSEE does not propose to continue the Lease at any time after the expiry of the Lock-In Period then in that event the LESSEE shall give three (03) months’ advance written notice to the LESSOR.
Lock-in Period. Notwithstanding anything contained in this Agreement, shall not transfer, sell, assign, pledge, create lien, mortgage, charge, otherwise encumber or part with the beneficial ownership of its shareholding to the extent of 51% wholly or in part to any third person or party for a period of ( ) years commencing from the Closing Date (“Lock- In- Period”).
