Lock Up Time Document For Free

The terms of lockup agreements may vary, but most prevent insiders from selling their shares for 180 days. Lockups also may limit the number of shares that can be sold over a designated period of time.

up period, also called a lockedup, lockin or lockout period, refers to the predetermined time frame in which corporate insiders, investors, and employees are not allowed to sell or redeem their shares after an initial public offering (IPO).

A predetermined period of time following loan origination in which the loan cannot be prepaid, as set forth in the loan documents. The lock-out period can vary greatly from no lockout period at all to nearly the entire loan term.

Lockout. (1) A prohibition, usually, but not always, for a specified period of time. For example, a prohibition against prepayment of a loan. (2) The period of time before a REMIC investor will begin receiving principal payments.

out period usually applies to theatre events, and is a period after the commencement of a performance during which patrons will not be admitted to the auditorium. Any latecomers who arrive during this lockout period will only be admitted at a suitable break in the performance.

Generally, a lock-up period is a condition of exercising an employee stock option. Depending on the company, the IPO lock-up period typically lasts between 90 and 180 days before these shareholders are allowed the right, but not the obligation, to exercise the option.

Banks and CMBS prevent pre-payment for an extended period of time, often known as a ?lock-out? period. During the lockout period, which is typically one to two years, borrowers have no option to pre-pay or sell their property, even if a buyer approaches a borrower with a substantial offer.