Lockout Expiration Date definition

Lockout Expiration Date shall have the meaning set forth in Section 15.01 hereof.

Lockout Expiration Date means the third anniversary of the Closing.

Lockout Expiration Date means the earlier to occur of (a) the date that is thirty-six (36) months after the Closing Date and (b) the date that is twenty-four (24) months from the “startup day” (within the meaning of Section 860G(a)(9) of the Code) of the REMIC Trust established in connection with the last Securitization of the last portion of the Loan.

Examples of Lockout Expiration Date in a sentence

• This Note may be prepaid in whole but not in part without premium or penalty on any Payment Date occurring on or after the Lockout Expiration Date provided (i) written notice of such prepayment is received by Lender not more than ninety (90) days and not less than thirty (30) days prior to the date of such prepayment, and (ii) such prepayment is accompanied by all interest accrued hereunder through and including the date of such prepayment and all other sums due hereunder or under the other Loan Documents.

• In the event that Xxxxxxxx wishes to have the Property (as hereinafter defined) released from the lien of the Security Instrument prior to the Lockout Expiration Date, Borrower’s sole option shall be a Defeasance (as hereinafter defined) upon satisfaction of the terms and conditions set forth in Section 1.5(d) hereof.

• On the Prepayment Lockout Expiration Date, or on any Monthly Payment Date thereafter, Borrowers may, at their option and upon not less than thirty (30) days prior written notice to Lender, prepay the Outstanding Principal Balance in whole but not in part without payment of the Yield Maintenance Premium.

• If such acceleration is on or following the Lock-out Expiration Date, the Yield Maintenance Premium shall also then be immediately due and payable as though Maker were prepaying the entire indebtedness on the date of such acceleration.

• Borrowers, pursuant to the Defeasance Security Agreement, shall authorize and direct that the payments received from Defeasance Collateral be made directly to Lender and applied to satisfy the Obligations under the Note or the Defeased Note, as applicable, including payment in full of the Outstanding Principal Balance of the Loan or the outstanding principal balance of the Defeased Note, as applicable, as of the Prepayment Lockout Expiration Date.

More Definitions of Lockout Expiration Date

Lockout Expiration Date means January 20, 2017.”

Lockout Expiration Date means the date which is twenty-four (24) months from the Initial Advance Date.

Lockout Expiration Date means December 31, 2015.

Lockout Expiration Date means the third anniversary of the Closing.”

Lockout Expiration Date means the earlier of (a) the second anniversary of the "startup day" (as defined in Internal Revenue Code Section 860(G)(a)(9)) of any "real estate mortgage investment conduit" (as defined in Internal Revenue Code Section 860D) that holds this Note and (b) the 4th anniversary of the date of this Note.

Lockout Expiration Date. (as defined in the Note) Grantor shall have the right to prepay a portion of the principal balance of the Note in an amount necessary to satisfy the requirements of subsections 5.4(c)(x) and (xi) above (provided that Grantor shall pay Grantee the prepayment premium required pursuant to Section 5(b) of the Note calculated on the amount of principal being paid, and further provided that such prepayment shall not exceed the minimum amount necessary to satisfy such requirements of subsections 5.4(c)(x) and (xi) above).

Lockout Expiration Date has the meaning set forth in Section 2.3.1.