VOLUNTARY PREPAYMENT; TERMINATION OF AGREEMENT BY THE BORROWER; PERMANENT REDUCTION OF COMMITMENT. (a) Except as otherwise provided herein, the Borrower may, in its discretion, upon at least three (3) Banking Days irrevocable notice to the Lender, prepay on any Banking Day the Advances in whole at any time or from time to time in part. The notice of prepayment shall specify the date and amount of the prepayment, and the loan to which the prepayment applies. Other than with respect to the prepayment of any fixed rate obligation which is subject to the prepayment fee provisions of Section 2.7(c) below, any such prepayment shall be without any fee. Notice of prepayment having been delivered as aforesaid, the principal amount of the prepayment specified in such notice shall become due and payable on the prepayment date set forth in such notice. All payments of principal under this section shall be accompanied by accrued but unpaid interest on the amount being prepaid through the date of such prepayment and, with respect to any prepayment of a fixed rate obligation, by the applicable prepayment fee specified in Section 2.7(c)
VOLUNTARY PREPAYMENT; TERMINATION OF AGREEMENT BY THE BORROWER; PERMANENT REDUCTION OF COMMITMENT. (a) Except as otherwise provided herein, the Borrower may, in its discretion, upon at least three (3) Banking Days irrevocable notice to the Lender, prepay on any Banking Day the Advances under the Prime Rate option in whole at any time or from time to time in part. Except as otherwise provided herein, the Borrower may, upon at least three (3) Banking Days irrevocable notice to the Lender, prepay the Advances under the LIBOR option, conditioned upon the Borrower paying the customary actual "Breakage Fees" and "Prepayment Costs" as defined below, resulting from prepayment of any LIBOR loan prior to the end of the LIBOR Interest Period for said LIBOR loan. The notice of prepayment shall specify the date and amount of the prepayment, and the loan to which the prepayment applies. Each partial prepayment of a LIBOR loan shall be in an amount not less than Fifty Thousand Dollars ($50,000) or such greater amount which is an integral multiple of Fifty Thousand Dollars ($50,000); PROVIDED, that unless a LIBOR loan is prepaid in full, no prepayment shall be made if, after giving effect to such prepayment, the aggregate principal amount of LIBOR loans having the same LIBOR Interest Period shall be less than Five Hundred Thousand Dollars ($500,000). Notice of prepayment having been delivered as aforesaid, the principal amount of the prepayment specified in such notice shall become due and payable on the prepayment date set forth in such notice. All payments of principal under this section shall be accompanied by accrued but unpaid interest on the amount being prepaid through the date of such prepayment. Subject to the foregoing provisions, the Borrower may terminate this Agreement at any time and, subject to payment and performance of all the Borrower's obligations to the Lender, may obtain any release or termination of the Security Interest to which the Borrower is otherwise entitled by law by (i) giving at least 30 days' prior written notice to the Lender of the Borrower's intention to terminate this Agreement; and (ii) in the event of prepayment of Advances under the LIBOR option, paying the Lender the Breakage Fees and Prepayment Costs as provided below, if the Borrower terminates this Agreement effective as of any date other than the Termination Date.
