Common use of Acceleration Clause Clause in Contracts

Acceleration Clause. In the event Lessee should breach any of the terms of this Agreement, Lessor, in addition to the other rights contained herein shall have the right to accelerate all remaining rents which shall come due hereunder until the expiration date hereon. This includes, but is not limited to, Abandonment, Eviction, lease violations, etc. Lessor may take all legal steps necessary to collect these unpaid funds. Furthermore, there will be 1.5% interest charged monthly on any balances owed on lease.

Acceleration Clause. In the event Lessee Lessee(s) should breach any of the terms of this Agreement, Lessor, in addition to the other rights contained herein herein, shall have the right to accelerate all remaining rents which shall come due hereunder until the expiration date hereon. This includes, but is not limited to, Abandonment, Eviction, lease violations, etc. Lessor may take all legal steps necessary to collect these unpaid funds. Furthermore, there will be 1.5% interest charged monthly on any balances owed on lease.