Lockout Period Sample Clauses
A Lockout Period clause establishes a specific timeframe during which certain actions, such as repayment, refinancing, or prepayment of a loan, are restricted or prohibited. Typically, this means that the borrower cannot pay off the loan early or refinance it with another lender until the lockout period has expired, regardless of their financial situation or market conditions. The core practical function of this clause is to protect the lender’s expected return on the loan by ensuring that the borrower cannot exit the agreement prematurely, thereby providing financial predictability and stability for the lender.
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Lockout Period. Borrower has no right to make, and Lender shall have no obligation to accept, any voluntary prepayment, whether in whole or in part, of the Loan during the Lockout Period. Notwithstanding the foregoing, if either (i) Lender, in its sole and absolute discretion, accepts a full or partial voluntary prepayment during the Lockout Period or (ii) there is an involuntary prepayment during the Lockout Period, then, in either case, Borrower shall, in addition to any portion of the Loan prepaid (together with all interest accrued and unpaid thereon), pay to Lender a prepayment premium in an amount calculated in accordance with Section 2.4(c) hereof.
Lockout Period. For the period beginning on the date hereof and ending on the third (3rd) anniversary date of the date hereof (such period being hereinafter referred to as the “Lockout Period”), the Venture shall not, without the consent of the NorthStar Member and the Formation Member, cause or permit any voluntary sale, exchange, transfer or other disposition of all or any portion of the Properties in a transaction that would result in the recognition of taxable income or gain to the Formation Member or its direct or indirect owners. Notwithstanding the foregoing, the Venture may transfer all or any portion of the Properties in a non-taxable transaction including a transaction qualifying under Section 1031 (or any successor statute) of the Code (each, an “Exchange”); provided, that the Exchange does not result in the recognition of any taxable income or gain to any of the Formation Member or its direct or indirect owners; provided, that any property acquired by the Venture in such transaction shall remain subject to the provisions of this Section 7.15 in place of the Property(ies) for the remainder of the Lockout Period.
Lockout Period. Until the Ninth Month, the Shareholders undertake not to sell, assign, transfer, grant a share to, confer to the capital of another company, promise any of the acts cited above, or in any other manner or for any reason whatsoever, transfer or pledge to transfer, or otherwise, dispose of or pledge to dispose("Transfer", being the act or effect referred to as "Transfer"), either directly or indirectly, partially or totally, their shares issued by the Company, or the rights arising from such shares, except in cases provided for in Clauses 5.6 above, 7.4, 8 and 10 below ("Lockout Period"). For the purposes of clarity, in the event of disposition of shares or Indirect holdings resulting from a previous burden, security, pledge or levy of execution, usufruct, fideicommissum or any other encumbrance, Successive Preference right, Tag Along and the Right of First Offering will be applicable on the terms of this agreement.
Lockout Period. The Company shall not be obligated to effect, or to take any action to effect, any registration pursuant to this Section 2.1 during the period starting with the date ninety (90) days prior to the Company’s good faith estimate of the date of filing of, and ending on a date one hundred eighty (180) days after the effective date of, a registration statement covering any securities of the Company; provided that if said registration statement is not yet effective, the Company shall be actively employing in good faith its best efforts to cause such registration statement to be filed and to become effective.
Lockout Period. Borrower has no right to make, and Lender shall have no obligation to accept, any voluntary prepayment, whether in whole or in part, of the Loan during the Lockout Period (defined below). Notwithstanding the foregoing, if either (i) Lender, in its sole and absolute discretion, accepts a full or partial voluntary prepayment during the Lockout
Lockout Period. Borrower shall have no right to make, and Lender shall have no obligation to accept, any voluntary prepayment, whether in whole or in part, of the Loan, or any other amount under this Note or the other Loan Documents, at any time during the Lockout Period. Notwithstanding the foregoing, if either (i) Lender, in its sole and absolute discretion, accepts a full or partial voluntary prepayment during the Lockout Period or (ii) there is an involuntary prepayment during the Lockout Period, then, in either case, Borrower shall, in addition to any portion of the Loan prepaid (together with all interest accrued and unpaid thereon), pay to Lender a prepayment premium in an amount calculated in accordance with Section 5(c) below .
Lockout Period. The first twelve (12) months of the applicable Subscription Term or as otherwise agreed in writing by NetApp. Fees. The applicable fees payable by Partner to NetApp as set forth in an Order, including minimum fixed payments, additional fixed rate charges and/or usage-based consumption charges for usage over the committed capacity amounts. The Fees will be determined in accordance with the metering and billing methodology set forth in the applicable Service Description. Order. Partner’s order placed on NetApp for STaaS Services to be deployed for the benefit of an End User in accordance with these ▇▇▇▇▇ Resale Terms. Each initial Order, together with any confirmation for additional ▇▇▇▇▇ Services provided in connection with such Order, will constitute a single Order. Rate. The applicable rate(s) set forth in an Order that are used to calculate the Fees. Recovery Fee. The sum of: (a) NetApp’s reasonable costs of deinstallation and repossession of the Hardware; and (b) any costs associated with any damage or loss of Hardware that occurred while in Customer’s possession. Replacement Value Fee. The cost of the replacement for Hardware, calculated in accordance with NetApp’s then current price list. APPENDIX B ASSIGNMENT AGREEMENT (FORM)
Lockout Period. This is a 12 month period of time during which no transfers from the Fixed Account to the Indexed Accounts will be allowed. Reallocation of Segment Maturity Value to an Indexed Account is allowed during the Lockout Period. A Lockout Period will begin any time there is a deduction from an Indexed Account as a result of a loan or withdrawal that is not part of a Systematic Distribution Program.
Lockout Period. Borrower has no right to make, and Lender shall have no obligation to accept, any voluntary prepayment, whether in whole or in part, of the Loan during the Lockout Period (defined below). Notwithstanding the foregoing, if (i) Lender, in its sole and absolute discretion, accepts a full or partial voluntary prepayment during the Lockout Period or (ii) there is an involuntary prepayment during the Lockout Period, then, in any such case, Borrower shall, in addition to any portion of the Loan prepaid (together with all interest accrued and unpaid thereon), pay to Lender short interest (if applicable) and a prepayment premium, in each case, in an amount calculated in accordance with subsection (c) below.