Lock Date definition
Examples of Lock Date in a sentence
The entire Interim Value of the Index Account Option subject to the Intra-Term Performance Lock will be transferred to the Short Duration Fixed Account Option on the Intra-Term Performance Lock Date and will receive the current interest rate declared for amounts in the Short Duration Fixed Account Option as of the Intra-Term Performance Lock Date.
As contemplated in the conditions set forth in subparagraph 3(B)(4) of the Lease, such Fixed Rate Lock Date is the first Business Day of a calendar month which falls after the projected Base Rent Commencement Date; such Fixed Rate Lock Date does not fall prior to the end of any Base Rent Period which has commenced or will commence before BNPPLC receives this notice; and NAI expects BNPPLC to receive this notice more than ten days prior to such Fixed Rate Lock Date.
The date established in the Rate Lock Request and Confirmation for the occurrence of the Rate Lock, which Rate Lock Date shall not occur not earlier than 60 days prior to the Closing Date.
We process the request on the Lock Date based on the values at the end of the Business Day.
By this letter, which is given pursuant to subparagraph 3(B)(4) of the Lease, NAI requests that BNPPLC promptly establish a Fixed Rate for a notional amount equal to the Lease Balance as of the date of this letter for use in the calculation of the Effective Rate for all Base Rent Periods commencing on or after the following Fixed Rate Lock Date: , 20___.
On the Index Anniversary that occurs on or immediately after the Lock Date, we will unlock the Index Option Value, set the Index Option Base equal to the Index Option Value and reallocate the Index Option Value according to your new allocation instructions.
The date specified by Purchaser in the Rate Lock Request and Confirmation as the date upon which the Rate Lock expires, which date shall not exceed 30 days from the Rate Lock Date.
Once an Index Option Value has been locked: • The Index Option Value will not change until the next Index Anniversary that occurs on or immediately after the Lock Date, unless it is reduced for Withdrawals and any other Contract Charges; • The locked Index Option will not receive a Performance Credit on the Term End Date; and • You cannot unlock the Index Option.
The Return Lock Date is the date upon which we process your request.
Depending upon market conditions on the Rate Lock Date, the Applicable Rate may be different from the Assumed Rate used in approving the application.