Lock-in Period definition

Lock-in Period means the period of five consecutive years from the date of commencement of the policy, during which period the proceeds of the discontinued policies cannot be paid by the insurer to the policyholder or to the insured, as the case may be, except in the case of death or upon the happening of any other contingency covered under the policy.
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Lock-in Period means a period from the first day of such Lock-In Period (which may be expressed as a number of Business Days prior to a Distribution Date) to the immediately succeeding Interest Payment Date during which the interest rate, Index or other calculation in effect on the first day of such Lock-In Period shall remain in effect for every day in such Lock-In Period.
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Lock-in Period means a period of 5 (Five) consecutive Policy Years from the Date of Commencement of Risk;
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Examples of Lock-in Period in a sentence

  • However the first 12(twelve) months from the date of Application/Booking shall be a Lock-in Period during which time the Allottee shall not be permitted to nominate in favor of any third party.

  • However the first 18 (eighteen) months from the date of Application/Booking shall be a Lock-in Period during which time the Allottee shall not be permitted to nominate in favor of any third party.

  • If such Lease Rent is not paid by the Lessee in respect of the unexpired Lock-in period, then the Lessor shall be entitled to forfeit such amount of the Interest Free Security Deposit as is proportionate to the unexpired Lock-in Period.

  • No change in composition of the Preferred Bidder/Consortium shall be made Lock-in Period.

  • In the event of a change of Control of Harmony, the board of directors of Harmony shall be entitled to determine that the Lock-in Period will be deemed to expire on the date of the event which causes such change of Control, that the employment service requirements outlined in clause 13 will be deemed to be fulfilled, and that the Trustees shall transfer/distribute the Trust Shares to the Beneficiaries in terms of clause 17.


More Definitions of Lock-in Period

Lock-in Period means the first five (5) Policy Years from the Policy Commencement Date.
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Lock-in Period means the period of time during which an Enrollee may not change MCOs, unless the Enrollee can demonstrate Good Cause as established in state law and specified in Appendix H of this Agreement.
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Lock-in Period means the period expiring on the later of: (a) five (5) years from the Commencement Date; and (b) the completion of HMT's first five (5) year Gateway Review
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Lock-in Period means a period of 5 (Five) consecutive years from the Effective Date;
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Lock-in Period shall have the meaning ascribed to it in Clause 17.1;
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Lock-in Period means the period of five (5) consecutive completed Policy Years from the Policy Commencement Date, during which period the proceeds of the Policy cannot be paid by the Company to the Policyholder, except in the case of death.
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Lock-in Period means the period commencing on the Implementation Date and terminating on the earlier of:
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