Lock-Out Period Clause Samples
A Lock-Out Period clause establishes a specific timeframe during which one party agrees not to negotiate or enter into agreements with third parties regarding a particular transaction. Typically, this clause is used in the context of business sales, mergers, or property deals, where the seller commits to exclusive negotiations with a potential buyer for a set period. By doing so, it provides the negotiating party with assurance that their investment of time and resources will not be undermined by competing offers, thereby promoting good faith negotiations and reducing the risk of wasted effort.
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Lock-Out Period. Except as set forth herein, the Loan is closed to prepayment in whole or in part. Notwithstanding the foregoing, the Loan may be prepaid in whole, but not in part, at any time following the expiration of the Lockout Period without payment of any Acceleration Prepayment Premium, provided Borrower pays with such prepayment all accrued interest and all other outstanding amounts then due and unpaid under the Loan Documents.
Lock-Out Period. The period from the date of this Agreement through and including August 7, 2008.
Lock-Out Period. During the thirty (30) months following the --------------- date of this Agreement, Borrower shall have no right to obtain a Permitted Release. At any time thereafter, Borrower shall have the right to obtain a Permitted Release.
Lock-Out Period. The period beginning with the date of this Agreement and ending upon the earlier of (i) August 31, 2013, or (ii) the first date on which PECO-ARC REIT has raised aggregate equity of $1.5 billion or more.
Lock-Out Period. The parties hereto agree that the successful establishment and development of the Bank could be materially impaired in the event of a substantial change in ownership of the Shares of the Bank occurring during its first five years of operation. The Tribe agrees that the Subject Shares may not be sold or transferred, other than to a Subordinate Organization or Affiliate of the Tribe as described herein, during the first five years following the commencement of business operations of the Bank without the written approval of the Bank.
Lock-Out Period. Except as set forth herein, the Six Project Loan is closed to prepayment in whole or in part. Notwithstanding the foregoing, the Six Project Loan may be prepaid in whole or in part, on or after November 6, 2010, provided the Six Project Borrowers pay to Agent with such prepayment all accrued interest and all other outstanding amounts then due and unpaid under the Loan Documents, including, without limitation, the pro rata portion of the Exit Fee and, if applicable, the SWAP Termination Fee. Additionally, (A) the Fixed Rate Funding may be prepaid in whole but not in part, up to ninety (90) days prior to the maturity of the “Five (5) Year Swap” provided the Six Project Borrowers pay to Agent with such prepayment all accrued interest and all other outstanding amounts then due and unpaid under the Loan Documents, including, without limitation, the pro rata portion of the Exit Fee but excluding the SWAP Termination Fee which shall not be due in such circumstance and (B) the Floating Rate Funding may be prepaid in whole but not in part, up to ninety (90) days prior to the maturity of the “Three (3) Year Swap” provided the Six Project Borrowers pay to Agent with such prepayment all accrued interest and all other outstanding amounts then due and unpaid under the Loan Documents, including, without limitation, the pro rata portion of the Exit Fee but excluding the SWAP Termination Fee which shall not be due in such circumstance.
Lock-Out Period. On or after June 1, 2012, the Loan may be prepaid in whole or in part in accordance with the release provisions in Section 2.13 provided the Borrowers pay to Administrative Agent with such prepayment all accrued interest and all other outstanding amounts then due and unpaid under the Loan Documents (including, without limitation, any Breakage Amounts).
Lock-Out Period. “Lock-Out Period” means the period commencing on the Effective Date and ending on December 31, 2012.
Lock-Out Period. On or after January 31, 2012, the 2011 Floating Rate Portion may be prepaid in whole or in part in accordance with the release provisions in Section 2.13 provided the Borrowers pay to Administrative Agent with such prepayment all accrued interest and all other outstanding amounts then due and unpaid under the Loan Documents.
Lock-Out Period. For a period of six months following the date of closing of this Agreement (the Lock Out Period), the Company will not, without the consent of all the Purchasers, enter into any other agreements for the issuance of any security, for which cash consideration is received by the Company, that is convertible into common stock of the company. In the event that registration of the Company's Common Stock pursuant to the Registration Rights Agreement between the parties is not effective until more than 90 days after the closing of this Agreement, the Lock Out Period shall continue through the expiration of 90 days after the effective date of such registration.