What happens to my files after I turn off my paid subscription?

What happens to my files after I turn off my paid subscription?

If you have more than three files and more than one project in the team, all files in the team will become not editable until you move them to Drafts or other teams until the team is under the Starter plan limits.

Will these files remain locked indefinitely? So for example I could downgrade for a year, then upgrade my account and still access all the files? thanks

…and what does locked mean, can i still access them but with view only rights?