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Common use of DEFAULT AND ACCELERATION Clause in Contracts

DEFAULT AND ACCELERATION. If I fail to pay any installment when due the entire unpaid indebtedness, at the option of the Employer, may become immediately due and payable.

Appears in 8 contracts

Sources: Collective Bargaining Agreement, Collective Bargaining Agreement, Collective Bargaining Agreement

Related Clauses

  • Events of Default and Acceleration
  • Default and Consequences of Default
  • Event of Default Defined; Acceleration of Maturity; Waiver of Default
  • Suspension of Service and Acceleration
  • Events of Default; Acceleration

Parent Clauses

  • Miscellaneous
  • Counterparts
  • RESPONSIBILITIES
  • Observations at Outside Institutions Including Business and Industry
  • NOTICES

Sub-Clauses

  • Events of Default
  • Acceleration
  • Suspension of Lenders’ Obligations
  • Remedies Cumulative and Waivers
  • Application of Payments After an Event of Default
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