Lockout Date definition

Lockout Date means the earlier of: (i) the date which is one (1) years after the date of the Securitization Transaction; or (ii) the date which is two (2) years after the date of the first full debt service payment under the Note.

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Lockout Date shall have the meaning given to such term in Section 2.7(a).

Lockout Date means November 9, 2006.

Examples of Lockout Date in a sentence

Notwithstanding anything herein or in any other Loan Documents to the contrary, except as the result of an acceleration of the Stated Maturity Date or if expressly provided under Section 2.3.2 hereof, Borrower may not voluntarily prepay the Loan, in whole or in part, prior to the Lockout Date.
Borrower may prepay the Loan, in whole or in part, on or after the Lockout Date, without payment of any Prepayment Fee.
Notwithstanding anything to the contrary contained herein, if the Loan is accelerated on or before the Lockout Date as a result of a Default pursuant to Section 10.1(a), (f), (g) or (h), then in addition to any other amounts due and owing hereunder, Borrower shall be required to pay to Administrative Agent for the ratable benefit of Lenders an acceleration fee in an amount equal to five percent (5%) of the then-outstanding principal balance of the Loan.
Except as otherwise provided herein, no Borrower shall have the right to prepay the Loan in whole or in part prior to the Lockout Date.
Except during the continuance of an Event of Default, all proceeds of any repayment, including any prepayments of the Loan, shall be applied by Lender as follows in the following order of priority: First, accrued and unpaid interest at the Interest Rate; Second, to Principal; and Third, to the Prepayment Premium, if any, and any other amounts then due and owing under the Loan Documents, including the Spread Maintenance Premium (if such repayment or prepayment occurs prior to the Lockout Date).

More Definitions of Lockout Date

Lockout Date means two (2) years after the Effective Date. The Election Notice shall set forth a stated value (the "Stated Value"), as determined in the sole and absolute discretion of the Electing Member, for all of the assets of the Company. For purposes of this Article VIII, a Member shall not be deemed to be a Defaulting Member after the expiration of the sixty (60)-day or ninety (90)-day period, as the case may be, set forth in Section 7.02.

Lockout Date is defined in Section 11.1(a).

Lockout Date means the earlier of: (i) the date which is two (2) years after the date of the Securitization Transaction; or (ii) the date which is four

Lockout Date means the two year anniversary of the Effective Date.

Lockout Date is defined in Section 8.01.

Lockout Date means the date that is eighteen (18) months after the Re-sizing Date.

Lockout Date means the date that is the earlier of (a) three (3) years from the Closing Date, or (b) two (2) years from the “startup day” within the meaning of Section 860G(a)(9) of the Code of the REMIC Trust of the final Securitization of any portion of the Loan.