Lockout Period Expiration Date definition

Lockout Period Expiration Date means the earlier of (a) the fourth (4th) anniversary of date hereof and (b) two years and one day from the "startup day" of any "real estate mortgage investment conduit" (as such terms are defined in Sections 860G and 860D, respectively, of the Internal Revenue Code of 1986, as amended or any successor statute thereto) which may acquire the Loan.
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Lockout Period Expiration Date means the earlier to occur of (A) December 10, 2002, or (B) the second anniversary of the "startup day" within the meaning of Section 860G(a)(9) of the IRS Code (defined below) of a REMIC Trust (defined below).
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Lockout Period Expiration Date means: (a) March 7, 2021, with respect to the fifteen (15) Non-S/B Landlord Option Properties and the forty-six (46) S/B Non-Landlord Option Properties; and (b) April 6, 2021, with respect to the eight (8) S/B Landlord Option Properties and the DC Properties.
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Examples of Lockout Period Expiration Date in a sentence

  • No prepayment of the principal balance of this Note shall be allowed until after the Lockout Period Expiration Date.

  • If the Loan has been accelerated after an Event of Default and Maker wishes to pay the Loan in full, the payment tendered must include either (i) the applicable prepayment premium, if the payment is tendered after the Lockout Period Expiration Date, or (ii) the greater of such prepayment premium or 10% of the outstanding principal balance of this Note on the date of such Event of Default, if the payment is tendered on or before the Lockout Period Expiration Date.

  • At any time after the Lockout Period Expiration Date (as defined in the Note), Borrower may obtain the release of the Parking Land from the lien of this Security Instrument, upon satisfaction of the applicable provisions and conditions contained in Article 5 of the Note regarding repayment and defeasance.

  • After the Lock-out Period Expiration Date, Borrower shall have the right, from time to time, to partially defease the Loan and obtain a partial release ("Partial Release") of a Release Property from the Security Instrument, Assignment of Leases and Rents and related UCC financing statements upon satisfaction of the conditions to a Release set forth in Section 2.05(b).

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More Definitions of Lockout Period Expiration Date

Lockout Period Expiration Date means the earlier of (a) the fourth (4th) anniversary of the date hereof, and (b) two years and one day from the “startup day” of any “real estate mortgage investment conduit” (as such terms are defined in Sections 860G and 860D, respectively, of the Internal Revenue Code of 1986, as amended or any successor statute thereto) which may acquire the Loan.
Sample 1
Lockout Period Expiration Date means the earlier to occur of (i) June 10, 2004, or (ii) the second anniversary of the "startup day" within the meaning of Section 860G(a)(9) of the IRS Code (defined below) of a REMIC Trust established in connection with the last Securitization involving any portion of the Loan (defined below). "PARKING RELEASE AMOUNT" shall mean an amount equal to Nine Million One Hundred Seventy Nine Thousand and No/100 Dollars ($9,179,000.00). In the event of a Parking Defeasance, the outstanding principal balance of Note A1 and Note A2 will be reduced pro-rata (based on the then outstanding principal balance of Note A1 and Note A2), in an amount equal to the Parking Release Amount until Note A1 and Note A2 are paid in full and any remaining unapplied amounts shall be applied to reduce the principal balance of Note B, such reductions will be a total sum equal to Parking Release Amount.
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Lockout Period Expiration Date means the fourth (4th) anniversary of (i) the date hereof, if this Note is dated as of the first day of a calendar month; or (ii) otherwise, the first day of the next succeeding calendar month after the date hereof.
Sample 1
Lockout Period Expiration Date means the earlier of (a) the fourth (4th) anniversary of the date hereof, and (b) two years and one day from the "startup day" of any "real estate mortgage investment conduit" (as such terms are defined in Sections 860G and 860D, respectively, of the
Sample 1
Lockout Period Expiration Date means the corresponding anniversary of the first day of the month following the Pricing Date for a given Fixed Rate Loan Segment, if the Pricing Date is not the first day of the month or the corresponding anniversary of the Pricing Date, if the Pricing Date is the first day of a month; provided however, if such day falls on a date that is not a Business Day, then the Lockout Period Expiration Date shall be deemed to be the preceding Business Day, unless such Business Day falls in another calendar month, in which case the Lockout Period Expiration Date shall be deemed to be the succeeding Business Day.
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Lockout Period Expiration Date means the tenth (10th) anniversary of (i) the date hereof, if this Note is dated as of the first day of a calendar month; or (ii) otherwise, the first day of the next succeeding calendar month after the date hereof.
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Lockout Period Expiration Date has the meaning set forth in Section 2.05(b)(i).
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