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-22- <br />ARTICLE X <br /> Section 10.01. Prepayment; Payment in Full. <br /> (a) Prepayment. Lessee shall have the option to prepay or satisfy all, but not less than <br />all, of its obligations hereunder, at the following times and upon the following terms: <br /> (i) Optional Prepayment. From and after the date specified (if any) in the <br />Payment Schedule (the “Prepayment Option Commencement Date”), on the Rental <br />Payment Dates specified in the Payment Schedule, upon not less than thirty (30) days <br />prior written notice, and upon payment in full of the sum of all Rental Payments then due <br />plus the then applicable Prepayment Price, which shall include a prepayment premium on <br />the unpaid Outstanding Balance as set forth in the Payment Schedule plus all other <br />amounts then owing hereunder; or <br /> (ii) Casualty or Condemnation Prepayment. In the event of substantial <br />damage to or destruction or condemnation of substantially all of the Equipment, on the <br />day specified in Lessee’s notice to Lessor of its exercise of the prepayment option (which <br />shall be the earlier of the next Rental Payment Date or sixty (60) days after the casualty <br />event) upon payment in full to Lessor of (A) in the event such prepayment occurs on a <br />Rental Payment Date, the sum of (i) all Rental Payments then due plus (ii) the then <br />applicable Prepayment Price plus (iii) all other amounts then owing hereunder OR, (B) in <br />the event such prepayment occurs on a date other than a Rental Payment Date, the sum of <br />(i) the applicable Prepayment Price shown on the Payment Schedule for the Rental <br />Payment Date immediately preceding the applicable date of such prepayment (or if the <br />date of such prepayment occurs prior to the first Rental Payment Date, the earliest <br />Prepayment Price shown on the Payment Schedule) plus (ii) accrued interest at the <br />Contract Rate (or the Taxable Rate if then in effect) on the Outstanding Balance as of the <br />Rental Payment Date immediately preceding the applicable date of such prepayment <br />from such Rental Payment Date (or if the date of such prepayment occurs prior to the first <br />Rental Payment Date, the Commencement Date) to the date of such prepayment plus <br />(iii) all other amounts then owing hereunder. <br /> (b) Payment in Full. Upon the expiration of the Scheduled Term, upon payment in full <br />of all Rental Payments then due and all other amounts then owing hereunder to Lessor. <br /> (c) After either (i) payment of the applicable Prepayment Price and all other amounts <br />then owing hereunder in accordance with either Section 10.01(a)(i) or Section 10.01(a)(ii) of this <br />Agreement or (ii) upon the expiration of the Scheduled Term and payment in full of all Rental <br />Payments then due and all other amounts then owing hereunder in accordance with <br />Section 10.01(b) of this Agreement, Lessor’s security interests in and to the Equipment will be <br />terminated and Lessee will own such Equipment free and clear of Lessor’s security interest in <br />such Equipment. <br />301