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. 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. 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. 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. 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 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 Confidential Treatment Requested by BANA XXXX-Xxxx-00086 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. Borrowers shall have no right to prepay all or any part of the Principal Indebtedness before the Payment Date that is thirty-six (36) calendar months from and after the first day immediately following the Stub Interest Period (the “Lockout Expiration Date”).
Lockout Period. If Schedule 1 specifies that the Loan is subject to a “Lockout Period,” Borrower may not voluntarily prepay any portion of the principal balance of this Note during the period from the date of the Note through the day preceding the 12th scheduled Payment Date. However, if any portion of the principal balance of this Note is prepaid during the Lockout Period by reason of the application by Lender of any proceeds of collateral or other security to any portion of the unpaid principal balance of this Note or following a determination that the prohibition on voluntary prepayments during the Lockout Period is in contravention of applicable law, then Borrower must also pay to Lender upon demand by Xxxxxx, a prepayment premium equal to 5% of the amount of principal being prepaid.
