Lockout Period if applicable, is defined in the Note.
Lockout Period means, with respect to any Mortgage Loan that prohibits the Mortgagor from prepaying such loan until a date specified in the related Mortgage Note or other loan document, the period from the Closing Date until such specified date.
Lockout Period means the period beginning on the day that this Note is assigned to a REMIC trust until and including the Defeasance Date. The Lockout Period only applies if this Note is assigned to a REMIC trust prior to the Cut-off Date.
Examples of Lockout Period in a sentence
After the Lockout Period, in case any Original Shareholder wishes to Transfer to a third party part or all of his shares, such Original Shareholder must offer them to Xxxxxx, by sending a notice to Xxxxxx (“Notice of Transfer”), specifying the (i) total amount of Shares of its ownership it intends to Transfer (“First Offering Shares”), as well as (ii) the unit and total price of the First Offer Shares, as well as all other additional terms and/or conditions of the Transfer (“Right of first offering”).
More Definitions of Lockout Period
Lockout Period means the period from the date of this Note through the day preceding the 12th Installment Due Date under this Note.
Lockout Period means the period commencing on the date hereof and ending on the date which is six (6) months prior to the Maturity Date.
Lockout Period means the period from the Closing Date to but excluding the first Payment Date following the earlier to occur of (i) the third anniversary of the Closing Date and (ii) the second anniversary of the date on which the entire Loan (including any subordinated interest therein) has been Securitized pursuant to a Securitization or series of Securitizations.
Lockout Period means the period from and including the Closing Date through and including the Payment Date in October 2020.
Lockout Period shall have the meaning set forth in Section 2.3.1 hereof.
Lockout Period means the period commencing on the date hereof and ending on the date of the second anniversary hereof.
Lockout Period means the period beginning on the Closing Date through but not including the Permitted Prepayment Date.