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.

Lockout Date shall have the meaning given to such term in Section 2.6(a).

Lockout Date means the earlier of (i) six (6) months after the Project Stabilization Date, or (ii) three (3) 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. 8.02

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.

• At any time following the Lockout Date, a disagreement among the Co-Tenants concerning any matter that requires the approval of all Co-Tenants pursuant to the terms of Section 4(c) of the Agreement to which this Exhibit “C” is attached, which disagreement has not been resolved within fifteen (15) days after delivery of a written request to the Co-Tenants for action on such matter, then any Co-Tenant may elect to proceed under this Exhibit “C”.

• Borrower may prepay the Loan, in whole or in part, on or after the Lockout Date, without payment of any Prepayment Fee.

• For a prepayment made at any time prior to the Lockout Date, Borrower is subject to this Section 3 A - H in its entirety.

• 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.

More Definitions of Lockout Date

Lockout Date means November 9, 2006.

Lockout Date is defined in Section 11.1(a).

Lockout Date is defined in Section 8.01.

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

Lockout Date means July 1, 2007.”

Lockout Date means June 26, 2013.

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